Chipmakers see modest export growth in 2025

The country’s electronics sector is projecting a modest export growth of one to two percent this year, following two years of contraction.

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Semiconductor and Electronics Industries in the Philippines Foundation Inc. (SEIPI) president Dan Lachica told reporters on the sidelines of the Aboitiz InfraCapital Industrial Summit the group is eyeing a one to two percent growth in electronic exports this year.

“We came from two back-to-back contractions, eight percent in 2023, six percent in 2024. So, we’re treading carefully,” he said.

According to the SEIPI, Philippine exports of electronic products declined to $42.74 billion in 2024 from $45.65 billion in 2023.

While SEIPI expects investments to come into the sector, Lachica said some may take time to translate into the manufacture of exports.