U.S. Commerce Secretary Gina Raimondo aims to double the size of the Philippines' chip industry to address supply chain concentration issues. The Biden administration plans to increase semiconductor facilities and investments in the Philippines to reduce reliance on China. The Philippines plans to train 128,000 semiconductor engineers by 2028 and double its semiconductor assembly capacity. US firms, including Microsoft, are pledging over $1 billion towards this effort.
US Commerce Secretary Raimondo said Thailand is another place the US hopes to the semiconductor supply chain will spread and the US expects to “supercharge” investment there, media report, adding Thailand’s #semiconductor industry is mainly assembly, test, packaging now.…
Thailand to benefit from semiconductor production rejig, says US commerce secretary https://t.co/Ujz2MWyIko https://t.co/rEAi0Z9U2Q
US firms keen to diversify supply chains, 'supercharge' Thai investments, says US commerce secretary https://t.co/fmFvgsPv2r https://t.co/bi0loC4D3j
⚠️ US FIRMS KEEN TO DIVERSIFY SUPPLY CHAINS, 'SUPERCHARGE' THAI INVESTMENTS, SAYS US COMMERCE SECRETARY Full Story → https://t.co/f1gdua0oht Thailand is a top priority for U.S. multinational firms looking to diversify supply chains, and they are ready to "supercharge"…
The Philippines aims to train 128,000 semiconductor engineers and technicians by 2028, media report, as President Marcos said his country could meet the expanding needs of the global high-tech industry. Semiconductors and electronics account for 60% of exports. #semiconductors…
The Philippines should double its semiconductor assembly, packaging and testing capacity, said US Commerce Secretary Raimondo during a trade mission there, the FT reports, from 13 such plants now. US firms that took part in the mission, including Microsoft, pledged US$1 billion…
U.S. companies are looking to announce more than $1 billion worth of #investments to the #Philippines, Gina Raimondo said. This high level visit comes as the Biden administration seeks to reduce the United States’ supply chain reliance on #China. https://t.co/NSJQR3iUt9
U.S. Commerce Secretary Gina Raimondo told a gathering of business executives Tuesday in the Philippines that the Biden administration wants to double the country's semiconductor facilities. https://t.co/yyiT0yagf6
U.S. hopes for Philippine chip capacity expansion look overly ambitious https://t.co/Jw9mfOZuan
U.S. Commerce Secretary Gina Raimondo wants to double the size of the Philippines' chip industry to fix a "way too concentrated" supply chain. https://t.co/oYWrtJvfxJ