PH semiconductor and electronics sector will continue to be a major driver of the country’s economy — SEIPI 

THE Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) said the country’s semiconductor and electronics sector will continue to be a significant driver of the Philippine economy and the largest contributor to the country’s manufacturing sector, an industry with an employee base of over 3 million direct and indirect workers.
 
Last year, the total Philippine electronics exports grew by 6.88 percent and reached an all-time high of US$ 45.09 billion. This export performance is 13-percent higher than the pre-pandemic exports of US$43.3 billion as of August 2023, with the cumulative electronics exports reaching US$29.35 billion. This was 61.40 percent of the US$47.81 billion total Philippine commodity exports, which makes the industry a consistent top commodity exporter for the country.
 
This news came amid the successful holding of the 18th Philippine Semiconductor and Electronics Convention and Exhibition (PSECE 2023), which welcomed around 10,000 guests at the World Trade Center Manila.

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https://frontpageph.com/ph-semiconductor-and-electronics-sector-will-continue-to-be-a-major-driver-of-the-countrys-economy-seipi/

Published : 10-Nov-2023