SEIPI pins hope on Tatak Pinoy Act to support growth

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SEIPI pins hope on Tatak Pinoy Act to support growth
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The Philippine semiconductor and electronics industry is pinning its hope on the newly-enacted Tatak Pinoy Act to bolster local parts production, potentially curbing the estimated $20 billion spent on imported components.

A key focus is on expanding local parts production, with the industry currently importing $20 billion to $30 billion in components. Localizing this would significantly boost the economy, Lachica said. The industry faces a projected 10-percent contraction in exports due to softened demand, though signs of improvement exist.

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MlaStandard /  🏆 20. in PH

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