Marcos meets Amkor CEO, discusses semiconductor growth
President Marcos expressed optimism about the continued growth of the Philippines' semiconductor industry during a meeting with Amkor Technology CEO Kevin Engel at Malacañang Palace on Tuesday.
Marcos emphasized the increasing capabilities of Filipino workers in chip manufacturing and IC design, encouraging Amkor's ongoing involvement as they consider relocating some operations from China to the Philippines.
The President highlighted the importance of moving the semiconductor sector up the value chain from fabrication to design, noting Amkor's significant role in industry expansion and potential contributions to the Philippine workforce.
Amkor Technology Philippines, established in 1989 and registered with PEZA in 1995, specializes in manufacturing semiconductor devices and provides various services such as wafer mapping and assembly.
US semiconductor companies are exploring local partnerships to transform Manila into an investment destination, supported by the US CHIPS and Science Act's International Technology Security and Innovation Fund.
Semiconductors accounted for nearly 40 percent or $29.16 billion of total exports in 2024, underscoring their importance to the Philippine economy.
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