Gov’t ramps up efforts to boost semiconductor industry in PH

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00:00The government will intensify efforts to boost the country's semiconductor industry

00:05as President Ferdinand R. Marcos Jr. met with officials from ANCOR Technology recently.

00:11During the said meeting, President Marcos Jr. stressed the government's commitment to ANCOR's

00:15technology continued involvement as part of efforts to advance the country's semiconductor

00:21industry. He also noted the Philippines' goal of moving up the value chain from pure fabrication

00:27to design and the growing number of highly skilled Filipinos capable of working as chip

00:32manufacturers and integrated circuit designers. The company expressed plans to transfer its

00:38production to the Philippines, a move expected to further boost the country's semiconductor sector.

00:44In 2024, the Philippine semiconductor industry generated US$29.16 billion in exports.

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