ABS-CBN News Channel’s Post

Name: ABS-CBN News Channel on LinkedIn: #industryoutlook #ancmarketedge #anconlinkedin
Uploaded: 2024-12-26T05:53:26.039Z
Duration: 1 min 53 s
Channel: ABS-CBN News Channel

ABS-CBN News Channel

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#IndustryOutlook An industry leader is confident the Philippine semiconductor sector will bounce back in 2025 after lower output in the last two years due to global headwinds. SEIPI’s Dan Lachica tells #ANCMarketEdge they're also bullish of growth due to a focus put by the Marcos Jr. administration on the industry. 🔗 Watch the full interview on Prestige: https://lnkd.in/gAfihDAC For more news and updates, follow #ANConLinkedIn

Transcript

In the past two years, you know, like like you said, we're contracting by 10% this year and prior to that was 8%. But it was really the impact of the pandemic in terms of the inventory correction as well as geopolitical conditions around the world. And I think, I think it's also related to the fact that prior to the pandemic when we implemented some government moves, specifically the incentives rationalization. That also impacted the the movement of capital and the investments and the result we saw some new products and technologies, you know, started up and the multinationals facilities outside the Philippines. Their projection really is more I guess aggressive and more, you know, optimistic in the sense that in 2024 actually they projected a 19% growth with the industry growing to about $630 billion. That really puts us about 5% of global semiconductor exports or shipments and the projection for 2025 would be about an 11 percent. Increase to 700 well close to 700 billion. So we want to write on the coattails of death, take the leverage and the momentum and hopefully pursue the aggressive stance of the government to attract investments and expansions also in the Philippines. So that while we may start with a flat projection for next year, we're optimistic that we may at least have some modest growth. We pandemic we've we've seen some I guess movement of products and technologies to other countries of course to where we've got very. Vietnam, Thailand and Malaysia EBID. But the thing about it is that, you know, we got to find a way to recoup.

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