SEIPI to Evaluate Localization Efforts in Semiconductor and Electronics Industry
The Semiconductor and Electronics Industries in the Philippines Foundation Inc. (SEIPI) has announced plans to evaluate and assess the localization of specific items or categories crucial to the sector. The organization aims to identify areas that require more work in order to enhance the industry’s localization efforts.
SEIPI has been monitoring the enhanced messaging service (EMS) and short message service (SMS) items of its members over the past few months as part of its ongoing localization endeavor. Through its parts localization technical working group (TWG), SEIPI will review the industry’s position on localization amid persistent challenges.
This announcement comes after SEIPI recently hosted an industry event that aimed to transform the country’s semiconductor and electronics sector. With over three million direct and indirect workers, the Philippine semiconductor and electronics industry is a significant driver of the local economy and the largest contributor to the country’s manufacturing sector.
In 2022, Philippine electronics exports reached an all-time high of $45.09 billion, representing a growth of 6.88 percent. This export performance was 13 percent higher than pre-pandemic levels. As of August 2023, cumulative electronics exports reached $29.35 billion, accounting for 61.40 percent of the total Philippine commodity exports.
SEIPI has achieved significant milestones in key areas through its commitment to member companies and collaborative efforts with government agencies. The organization has worked closely with the Departments of Trade and Industry (DTI), Science and Technology (DOST), Philippine Economic Zone Authority (PEZA), Bureau of Customs (BOC), and Anti-Red Tape Authority (ARTA) to contribute to positive transformation and growth in the industry.
SEIPI, which represents multinational and Filipino-owned semiconductor and electronics companies in the Philippines, recently welcomed 10,000 guests at the 18th Philippine Semiconductor and Electronics Convention and Exhibition (PSECE 2023). The event served as a platform for industry leaders, government officials, academe partners, and foreign dignitaries to discuss the challenges and opportunities of the Fourth Industrial Revolution and beyond.
Over 250 foreign and local exhibitors showcased their latest products, technologies, and innovative solutions during the three-day event. Attendees gained valuable insights from presentations by distinguished speakers in the semiconductor and electronics sectors. The convention also featured discussions on “Next-Generation Manufacturing: Redefining the Future of the Philippine Electronics Industry,” “The Higher Education Sector’s Role in the Industrial Revolution 4.0,” and the ASEMEP National Symposium (ANTS).
SEIPI’s commitment to organizing valuable events for its members and partners underscores its dedication to the Philippine semiconductor and electronics industry.
