Philippines seeks Taiwanese semiconductor firms' aid to boost its industry and compete regionally.

The Philippines is seeking assistance from Taiwanese semiconductor leaders TSMC and UMC to enhance its semiconductor industry and compete with regional players like Malaysia and Singapore. The government aims to attract foreign investment by changing incentive policies and hopes to obtain equipment and expertise in chip fabrication. Despite a projected 10% decline in electronics exports this year, the industry expects a 5% rebound next year.

October 22, 2024
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