Marcos meets with execs from US semiconductor industry

President Ferdinand ''Bongbong'' Marcos Jr. held a meeting with top executives of the Semiconductor Industry Association during his official visit to the United States.

Philippine Ambassador to the United States Jose Manuel Romualdez said the semiconductor sector is one of Manila's biggest industries with strong economic ties to Washington.

Further, the Philippines is host to more than 500 electronics and semiconductor firms, including major American companies.

In November 2023, Marcos said in a meeting with the SIA that the Philippines was ready to work with the group.

Data from the Philippine Statistics Authority showed the US was the country’s top export destination in 2024, accounting for 16.6%, or $12.14 billion, of the total export receipts of $73.27 billion.

The Philippines' largest export was electronic goods, which made up 53.4% of total exports ($39.09 billion), of which $29.17 billion were semiconductors.

Marcos also met with top executives of leading US investment firms, including Cerberus, which serves as an established alternative investment advisor with approximately $65 billion in assets across complementary credit, private equity, and real estate platforms.

I Squared, meanwhile, is an independent global infrastructure investor founded in 2012 that is known for the development of investment platforms in infrastructure. 

KKR & Co., Inc. is another global investment firm investing across private markets in every asset class. —VBL, GMA Integrated News