President Ferdinand ”Bongbong” Marcos Jr. held a meeting with top executives of the Semiconductor Industry Association during his official visit to the United States.
Philippine Ambassador to the United States Jose Manuel Romualdez said the semiconductor sector is one of Manila’s biggest industries with strong economic ties to Washington.
Further, the Philippines is host to more than 500 electronics and semiconductor firms, including major American companies.
In November 2023, Marcos said in a meeting with the SIA that the Philippines was ready to work with the group.
Data from the Philippine Statistics Authority showed the US was the country’s top export destination in 2024, accounting for 16.6%, or $12.14 billion, of the total export receipts of $73.27 billion.
By: ANNA FELICIA BAJO, GMA Integrated News
Source: Marcos meets with execs from US semiconductor industry
Disclaimer: This article contains information sourced from publicly available reports, official statements, and reputable news agencies. Proper credit has been given to original authors where applicable. Any direct quotes or references have been attributed accordingly.