The Philippines aims to increase its involvement in the global value chain for electronics and electricity, focusing on wafer technology and research and development.
The electronics industry, which specializes in manufacturing assembly, testing, packaging, and distribution, contributes significantly to the nation’s exports, according to a trade and industry department representative.
The country’s sector would benefit much more if it could capture the final two phases of the value chain.
The raw materials, electronic and electrical components, semiconductor wafers, bare circuit boards, subassemblies, and final products comprise the majority of the global value chain.
It also covers operations that improve the quality of the final products, including software integration, circuitry design, and research and development.
The trade and industry department will keep promoting the development of final product manufacture and assembly.