The Semiconductor and Electronics Industries in the Philippines Foundation Inc. (SEIPI) aims to localize more parts and components in its production chain.
Through the Parts Localization technical working group, SEIPI aims to increase local sourcing capacities of critical commodities and minimize dependence on imported materials by building existing linkages with local suppliers.
Member-companies have been surveyed for their parts requirements that could be localized.
From the survey, imported items that SEIPI members have successfully localized, or are in the process of being locally sourced, were identified and grouped into three categories, to date.
For Category 1, identified consumables and packing materials can reach an estimated P39 million.
For Category 2, imported process materials that could be locally sourced amount to around P13 million.
For Category 3, constructive exports of integrated circuits and passive components could exceed P123 million.
The semiconductor and electronics industry retained its position as the country’s top commodity exporter based on the latest data from the Philippines Statistics Authority. As of July 2022, the cumulative electronics exports reached $26.51 billion, a 1.9 percent increase from last year’s figures. This was 59.25 percent of the $44.74 billion total Philippine commodity exports. –Irma Isip
