Semiconductor industry sees 5-8% growth in 2014

The Semiconductor and Electronics Industries in the Philippine Inc. (SEIPI), the largest organization of local and foreign electronics companies in the country, is optimistic it will hit the 5-percent to 8-percent growth target for the industry this year.

The SEIPI Board said it expects the industry to grow to $22 billion in 2014 from last year’s $21 billion despite the challenges facing industry players such as the congestion at the Manila port and the tight power situation.