00:00President Ferdinand Marcos Jr. believes the semiconductor industry in the Philippines has great potential,
00:06especially by strengthening integrated circuit or IC design in cheap manufacturing.
00:12During a courtesy call with officials from Amcor Technology Incorporation,
00:16the president highlighted the company's significant role in expanding the industry.
00:22The government aims to elevate the sector from simple fabrication to IC design
00:28to increase the value of imported products.
00:31Amcor Technology Philippines, established in 1989,
00:34plans to transfer some of its products from China to the Philippines.
00:39In 2024, semiconductors accounted for nearly 40% of the country's total exports,
00:45valued at US$29.16 billion.
