The Philippines generated leads on smart transportation, electric vehicles, smart city development, semiconductor packaging and testing, energy, and aquaculture in Taiwan in an investment mission led by the Philippine Economic Zone Authority (PEZA) last week.
PEZA in a statement said Taiwanese companies have also expressed interest to expand their business activities in the Philippines.
These companies included Advanced Semiconductor Engineering (ASE), Sunonwealth Electric Machine Industry Co. Ltd. (Sunon Group), Kinpo Electronics Inc., Acbel Polytech Inc. and Yeng Hsing Co. Ltd.
PEZA in a statement highlighted the $35-million investment in the Philippines of Sunon Group, one of the top three global manufacturers of thermal and cooling solutions. Sunon, with a 20 percent share in the global server market, inaugurated its 13-hectare plant in the Hermosa Ecozone Industrial Park in Bataan last February.
The facility, set to become Sunon’s second headquarters, will focus on manufacturing cooling fan modules and establishing a dedicated research and development center.
This investment is expected to generate approximately 7,700 jobs within three to five years, contributing significantly to Philippine exports in global markets such as the US, Europe, Japan, India, and China.
PEZA also noted the recent expansion in the Philippines of ASE, the world’s leading provider of semiconductor assembly and testing services. ASE, which employs 30,000 people in Kaohsiung, including a strong Filipino workforce, acquired Infineon’s facility at Gateway Business Park–Special Economic Zone in Cavite in early 2024.
As of September, PEZA had registered 83 Taiwanese companies which generated P19.034 billion in investments and provided direct jobs to 27,000 Filipinos. Taiwanese registered business enterprises are mostly engaged in the manufacturing of electronics and semiconductors, fabricated metals, rubber, plastics, and paper products, and information technology-business process management services.
PEZA’s leading Taiwanese locators include Sercomm, Sunon, Kinpo, Acbel, Leader Electronics, Tong Hsing electronics, Enlin Steel, Philake Metal, and Chimei.
