Philippine Semiconductor Industry Needs Government Support to Capitalize on Global Demand

  • 📰 TheManilaTimes
  • ⏱ Reading Time:
  • 20 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 92%

Business أخبار

Semiconductor Industry,Philippines,Exports

Stakeholders in the Philippine semiconductor industry are urging the government to increase support for the sector, which contributes significantly to the country's export revenues. Semiconductor shipments account for about 75% of Philippine electronics exports, but growth has been minimal this year. Industry leaders say better incentives, infrastructure, predictable policies, and investment in education and skills training are crucial for the industry to thrive and compete with other Southeast Asian nations.

THE Philippine semiconductor industry has seen minimal growth this year, stakeholders said as they urged the government to boost support for the biggest contributor to the country's export revenues.Semiconductor shipments accounted for around 75 percent of the $27.5 billion in Philippine electronics exports from January to August, they added, up just 1.0 percent annually and an indication that the country was failing to capitalize on global demand.Officials from Ionics EMS Inc.

Amkor President Bing Viera, meanwhile, said that 'without the government giving good investment incentives, investors will look elsewhere and the factories will be put in other countries.''We want predictable and continuous government policies,' he added.A lack of attention to education and skills training for the sector is also a growing concern, they said.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 2. in EG
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

PBBM: Geopolitics hampering PHL semiconductor industry growthGeopolitics is hampering the growth of the country's semiconductor industry, according to President Ferdinand Marcos, Jr.  “We have all kinds of issues when it comes to digital space, when it comes to planning our semiconductor industry. They are new and we’re trying to wrestle with how to deal with them.
مصدر: BusinessMirror - 🏆 19. / 59 اقرأ أكثر »

Lamudi Recognizes Key Industry Players in Philippine Real Estate Awards Ceremony on Nov 21Developers from across the country will soon gather at The Outlook 2024: Philippine Real Estate Awards to celebrate this year’s outstanding real estate
مصدر: MlaStandard - 🏆 20. / 55 اقرأ أكثر »

Lamudi recognizes industry players in Philippine Real Estate AwardsDevelopers from across the country will soon gather at The Outlook 2024: Philippine Real Estate Awards to celebrate this year’s outstanding real estate projects and communities.
مصدر: manilabulletin - 🏆 25. / 51 اقرأ أكثر »

Philippine ride-hailing industry wishlistTHE ride-hailing industry has become an indispensable part of the Philippines' urban mobility landscape, providing millions of Filipinos with convenient transportation options while generating livelihood opportunities for drivers.
مصدر: TheManilaTimes - 🏆 2. / 92 اقرأ أكثر »