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The Philippine Economic Zone Authority wants its locators to take advantage of the newly passed CHIPS Act and the Indo-Pacific Economic Framework in keeping with the US goal of diversifying their chip supply chain.
US Department of Commerce Secretary Gina Raimondo said the US may extend assistance to help double the Philippines’ chip manufacturing facilities and capacities to spread and lessen the risks. Panga said PEZA is optimistic on the flourishing partnerships with American investors in various sectors most especially in the electronics and semiconductor manufacturing services.“This collaboration is expected to enhance our nation’s capabilities in assembly, packaging, and testing, and propel us into sophisticated integrated circuit design and, eventually, wafer fabrication,” he said.
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