The Semiconductor and Elec-tronics Industries in the Philippines Foundation, Inc. (SEIPI) reported on Wednesday that it recorded US$49.09 billion worth of exports in 2022, a 6.88-percent annual growth from 2021. Know more:
THE Semiconductor and Elec-tronics Industries in the Philippines Foundation, Inc. reported on Wednesday that it recorded US$49.09 billion worth of exports in 2022, a 6.88-percent annual growth from 2021.
For 2023, SEIPI President Danilo C. Lachica has set the export growth target for the industry at 5 percent, citing slower global demand as the reason. In 2022, SEIPI set its growth target at 10 percent. In fact, the organization said it devoted the first quarter of the year to meeting with the Department of Trade and Industry and Department of Finance Secretaries as well as the Philippine Economic Zone Authority and Bureau of Customs officials to discuss the industry’s concerns and recommendations.
Moving forward, the organization said its technology-related initiatives are guided by the electronics industry roadmap called the Product and Technology Holistic Strategy .
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