The semiconductor and electronics industry in the Philippines is targeting $37 billion in exports by 2016.
The Department of Trade and Industry (DTI) and the Semiconductor and Electronics Industries in the Philippines Inc. (Seipi) are set to conduct a meeting to discuss the proposed Product and Technology Roadmap, which will move the industry gradually toward value-added activities through research and development.
The industry targets $37-billion worth of exports by 2016, $52 billion by 2022 and $112 billion by 2030.
The proposed supplemental roadmap will guide the electronics industry as it moves up the value chain, develop new growth areas within the existing sector, and enhance its competitiveness to seize opportunities that will be available with the economic integration of Southeast Asia. The industry remains a substantial contributor to the economy, accounting for about 43.3 percent of total Philippine exports or $22.56 billion in 2012.
DTI Undersecretary and Board of Investments (BOI) managing head Adrian Cristobal Jr. said that, “Seipi is assured of our continued support and their plan for a supplemental roadmap will be facilitated through the mobilization of resources in collaboration with relevant government agencies.”
During the presentation of the Electronics Industry roadmap late last year, Seipi President Dan Lachica said that challenges to the industry include high power and imported raw materials cost, short product lifecycles, and low level of technology that limits operations to processing, assembly and testing. In recent reports, Lachica called for an industry-wide change to promote and support research and development efforts. He indicated that to reach the industry roadmap’s stated targets, a supplemental Product and Technology Roadmap will have to be crafted.
Cristobal said that the roadmap exercise provides a more analytical view of the type of interventions the industry requires in terms of capacity building, research and development, policy reform, or harmonizing existing mechanisms and institutions that will aid in further sharpening and improving the roadmaps.
The DTI, through its Industry Roadmap Project, has been working with the Department of Science and Technology to enhance competitiveness of the electronics industry.