THE ELECTRONICS industry is keeping its export projections for this year despite the slower than expected growth of the country’s gross domestic product in the first quarter.
Jun 042014
Feb 182014
MANILA, Philippines – The Trade department plans to hold consultations with players in the electronics and semiconductor industry on the proposed Product and Technology Roadmap that would enable the industry to transition to value-added activities. The proposed roadmap would enable the industry to raise the annual export value of goods to as much as $37 billion in 2016 from the current level of around $23 billion. By 2022, the value of electronics exports are seen to rise by $52 billion through value-adding and by 2030, value of exports are seen to rise to $112 billion. The Semiconductor and Electronics Industries in the Philippines Inc. (SEIPI) expects revenues from shipments of electronic products to have reached between $20 to $21 billion in 2013 from $23 billion in 2012 as the performance of the sector remained weak. “The electronics sector, a growth pillar of the manufacturing industry and also one of the biggest job generators, has through the years contributed significantly to the country’s aggregate exports, often dominating the majority share of export products,” said Trade undersecretary and Board of Investments (BOI) managing head Adrian S. Cristobal Jr. “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,” he added. The proposed roadmap would guide the electronics industry as it moves up the value chain, develop new growth areas and seize opportunities in Southeast Asia as free trade in the region is implemented in Read More …
Nov 052013
SEMICONDUCTORS and Electronics Industries of the Philippines, Inc. (SEIPI) yesterday asked the Department of Energy (DoE) to not charge higher power rates this month with the scheduled maintenance of the Malampaya gas field.
Feb 012013
MANILA, Philippines – The Semiconductors and Electronics Industries in the Philippines Inc. (SEIPI) has named Dan Lachica as its acting president. “On behalf of the SEIPI Board of Directors, I have the privilege of announcing the appointment of Dan Lachica as the SEIPI interim president,” SEIPI chairman Bing Viera announced. Lachica has been a member of the SEIPI Board of Directors for over 10 years. In the past, he held the position of treasurer and chairman. Lachica has spent 16 years in various leadership roles in Silicon Valley in semiconductor front-end wafer fabrication. Lachica is the president of silicon wafer slicing firm First Philec Solar Corp. (FPSC). Business ( Article MRec ), pagematch: 1, sectionmatch: 1 FPSC is a joint venture agreement between First Philippine Electric Corp. (First Philec) of the Lopez Group of Companies which controls 80 percent and SunPower Philippines Manufacturing Limited (SPML) of SunPower (San Jose, USA), which holds 20 percent. Lachica replaces Ernesto Santiago who passed away after suffering a heart attack late last year. The SEIPI is the representative body of players and industries supporting the development of Philippine electronics. Earlier, the group said it expects the electronics industry to grow by five to six percent this year from an expected flat growth in 2012. The growth for this year is expected to be supported by the start of operations of new plants involved in the production of electronic products and parts in the country. For 2012, the SEIPI projects flat or zero growth due Read More …