PH poised to become hub for smart, sustainable manufacturing and services

Transcript

00:00It is the nation's bread and butter, essential hardware components on which digital technology

00:05is built, contributing close to 57% of total export receipts in the past year.

00:11And with its sights set on turning into a regional hub for smart and sustainable manufacturing

00:16and services, the need to produce at least 128,000 semiconductor and electronics engineers

00:23and technicians by 2028 is imperative.

00:27And as our Soojin Kim reports, the Philippine development plan for 2023 to 2028 dictates

00:33to more than double receipts on semiconductor chips and components to $106 billion at the

00:40end of the President's term.

00:44The Philippines is poised to be a regional hub for smart and sustainable manufacturing

00:48and services.

00:49Recognizing the critical role of skilled labor, the Philippine government has set the target

00:54of producing 128,000 semiconductor and electronics engineers and technicians by 2028.

01:14With the semiconductor and electronics industry being the top contributor to the country's

01:18total exports amounting to 56.9% or US$41.91 billion, the Philippines is marking its territory

01:27as the hub for SMS or semiconductor manufacturing services, particularly in assembly, testing,

01:33packaging, as well as EMS or electronics manufacturing services.

01:37In the Philippine Export Development Plan 2023 to 2028, the government has set the goal

01:42of doubling S&E exports amounting to more than US$106.4 billion by 2028, from last year's

01:50US$41.9 billion.

01:53Board of Investments Undersecretary Saferino Rodolfo underscores the role that manpower

01:58plays in the growth of our exports.

02:00To this thrust, the Board of Investments has tapped academic institutions including

02:25the Department of Education to bring care events and campus advocacies to junior and

02:30senior high school students.

02:31Moreover, TESDA has been tapped to capacitate more adults and young adults.

02:35The government is also continuing its diligent work in further improving the business environment

02:41through the Ease of Doing Business Act and Executive Order 18 or the Green Lanes for

02:45Strategic Investment.

02:47Sujin Kim from the National TV Network for the New and Better Philippines.