Philippines targets US$110 billion electronics exports by 2030 in new road map
SEIAC launches road map to move beyond basic assembly into chip design and high-end operations.
Quick Look
The Philippines' Semiconductor and Electronics Industry Advisory Council launched a road map targeting US$110 billion in annual exports by 2030, shifting focus to high-end operations like chip design and engineering.
AI-generated summary
Why It Matters
The Semiconductor and Electronics Industry Advisory Council launched a new sector road map on September 2.
The Philippine Semiconductor and Electronics Industry road map, launched by the Philippines’ Semiconductor and Electronics Industry Advisory Council (SEIAC) on September 2, aims to grow annual exports of chips and electronics to US$110 billion by 2030, and move beyond manufacturing and assembly into higher-end operations.
SEIAC chief and executive secretary Ralph Recto said the goal was to transition to chip design, engineering, research and innovation to boost regional competitiveness.
One target is raising the Philippines’ share of global assembly, testing and packaging – already the country’s top semiconductor activities – from 4 per cent to 7 per cent by 2030.
Other goals include growing the country’s share of the global electronics manufacturing services market from less than 1 per cent to 4 per cent and building an integrated circuit design sector that generates US$2 billion to US$3 billion in annual exports.
What to Watch
AI outlook — possibilities, not facts
Grow annual exports of chips and electronics to US$110 billion by 2030.
Possible · Within months
Open Questions
- How will the government fund the transition to chip design?
- Which specific incentives will be offered to investors?
