PHL electronic product exports may reach $110B in five years

THE SEMICONDUCTOR and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) said exports may possibly hit $110 billion in five years, but uncertainty clouds the outlook.

- Justine Irish D. Tabile Reporter

“It is possible... I will just leave it at that because there are a lot of external factors,” said SEIPI President Danilo C. Lachica at the pre-event conference for the 20th Philippine Semiconductor & Electronics Convention and Exhibition (PSECE) on Thursday.

He said the industry’s growth will be driven by new and emerging technologies.

“The drivers of growth for the electronics industry will be new devices and new technology in different sectors, whether they may be automobiles, devices, cellphones, computers, data centers, or renewable energy,” Mr. Lachica said.

Under the roadmap, the industry is targeting to make the Philippines a consistent and reliable global partner for packaging $70 billion of semiconductors, assembling $40 billion of electronics, and providing globally recognized integrated circuit (IC) design services by 2030.

Mr. Lachica said exports are rising but the industry still expects flat growth this year.

“This year, the (SEIPI) board projected a flat growth for 2025. However, we've seen some movements. In fact, if you look at the year-to-date numbers through August, we were seeing modest growth,” he said.

“Don’t get your hopes up too much (but) you may even go up by maybe 5% or something like that.”