ppgaming Marcos wants to grant incentives to semiconductor industry

FILE PHOTO: Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo

MANILA, Philippines — President Ferdinand Marcos Jr. wants the government to prioritize giving incentives to those in the semiconductor industry, particularly the semiconductor locators, the Presidential Communications Office (PCO) said on Wednesday.

He said this during a meeting with the Private Sector Advisory Council-Education and Jobs Sector Group (PSAC-EJSG) at the Malacañan Palace on Tuesday, where he presented previous recommendations and new proposals regarding the semiconductor and electronics industry, education, and workforce development.

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Marcos pointed out that the Create More Law does not offer specific incentives for the semiconductor industry, unlike other sectors such as car manufacturing, which benefit from these provisions.

“So, what we would need from all of you is what you think needs to be done,” he said.

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The president further stressed the need to concentrate on the semiconductor industry.

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“Actually, we really need to push on the semiconductor industry. It’s because, again, it’s not something that we had in mind but the situation — considering how much money we make as the income we get from exports already,” Marcos said, as quoted in a press release.

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“We really should be focusing on it more. So, let’s do that now. So, we need to hear from the industry to see what you suggest, and what we can try to incorporate na nga,” he added.

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Marcos’ remarks came after the PSAC-EJSG recommended the review on the IRR of the Create More Law, which would cover providing incentives for those in the semiconductor industry.

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According to the group, the Department of Trade and Industry’s (DTI) Bureau of Philippine Standards (BPS) is seeking feedback from stakeholders on recommendations to follow several measures as they received a bulletin from the government body informing them of five international standards on textiles published by the International Organization for Standardization (ISO) intended for adoption under the Philippine National Standards (PNS).

Japan pulled the plug on nuclear power after the 2011 Fukushima disaster, but with the G7’s dirtiest energy mix, it is seeking to cut emissions, and atomic energy is making a steady comeback, in part because of AI.

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