The Semiconductor and Electronics Industries in the Philippines Foundation, Inc. said the new law passed in Washington seeking to increase chip production within the US will diversify the sources of supply, to the benefit of electronics producers here.
Danilo C. Lachica, SEIPI president, said in a Viber message that the recently signed Creating Helpful Incentives to Produce Semiconductors for America and Science Law will be positive for Philippine companies, which import chips for the assembly of electronic products.
The law provides over $52 billion for US semiconductor research, manufacturing, and workforce development. Of the total, some $39 billion has been set aside for manufacturing incentives. “There is a reverse globalization happening. I think it is worthwhile for them to do it because they have experienced this in the past. This will affect a lot of those dependent to having the manufacturing base in their own respective locations like in Southeast Asia, including the Philippines,” he added.
However, Mr. Ricafort noted that the CHIPS Law might reduce demand for outsourced electronics from countries such as the Philippines.
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