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Jekki Pascual

ABS-CBN News

<div><span class="fr-img-caption fr-fic fr-dib" style="width:900px"><span class="fr-img-wrap"><img src="https://od2-image-api.abs-cbn.com/prod/editorImage/1710840100779blinken.jpg" style="width:900px" class="fr-fic fr-dib"/><span class="fr-inner" style="text-align:left"><span id="isPasted" style="color:rgb(15, 20, 25);letter-spacing:normal;orphans:2;text-align:start;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:pre-wrap;background-color:rgb(255, 255, 255);text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial;display:inline !important;float:none">US Secretary of State Antony Blinken visits semiconductor plant Amkor in Muntinlupa.</span> Jekki Pascual, ABS-CBN News</span></span></span></div><p>MANILA -- US Secretary of State Antony Blinken visited a semiconductor plant in Muntinlupa, his first stop following his arrival in the Philippines Monday night. </p><div><a href="https://news.abs-cbn.com/business/2024/3/19/blinken-hails-philippine-semiconductor-industry-1421" rel="noopener noreferrer" target="_blank">US top diplomat Blinken hails Philippines semiconductor industry</a></div><p>Blinken had a short tour of the Amkor Technology Philippines facility. Amkor is an American-Korean company focused on outsourced semiconductor assembly and testing (OSAT). It is among the largest facilities of its kind in the Philippines exporting to the US, Europe, and Asia.</p><p>Blinken said the US and the Philippines have a deep relationship in the semiconductor space and he wants to further expand those ties. He added that the sector employs about 3 million Filipinos, contributing to 20 percent of Philippine exports.</p><p>“There&#x27;s a long-standing partnership between the United States and the Philippines when it comes to semiconductors. We have companies that have been here, working here, investing here for many, many years and if you look at the industry, it&#x27;s truly extraordinary,” he told select media during a tour of the facility.</p><p>The two countries are also expected to explore opportunities to grow and diversify the global semiconductor ecosystem under the International Technology Security and Innovation (ITSI) Fund created by the US Chips Act.</p><p>The US State Department will have $500 million over 5 years to promote the development of secure telecommunication networks and ensure semiconductor supply chain security and diversification.</p><p>“Making sure we have strong and resilient supply chains for what is the foundational building block of the 21st-century economy, semiconductor, that could not be more important,&quot; said Blinken.</p><div><a href="https://news.abs-cbn.com/news/2024/3/19/blinken-us-stands-by-ironclad-commitments-to-defend-philippines-1432" rel="noopener noreferrer" target="_blank">Blinken says US stands by &#x27;ironclad&#x27; commitments to defend Philippines</a></div><p>Amkor Technology Philippines President and Country Manager Bing Viera is happy with the possible assistance of the US in the semiconductor industry.</p><p>“The US is going to promote the Philippines as one of the supply chain sources. In that case, instead of building it somewhere else, people will build it in the Philippines. They can open the market. We will have preferential treatment as far as shipping our products to the US. They will help us on that,’ said Viera.</p><p>Amkor expects flat growth this year as demand for semiconductor parts stabilized following a strong demand post-pandemic. Amkor’s capital expenditures for the year is similar to its annual capex in recent years which is about P29 billion.</p><div><a href="https://news.abs-cbn.com/business/12/28/23/ph-semiconductor-makers-eye-local-wafer-fabrication" rel="noopener noreferrer" target="_blank">Philippine semiconductor manufacturers eye local silicon wafer fabrication</a></div><div><br/></div><div><span class="fr-video fr-deletable fr-fvc fr-dvb fr-draggable" contenteditable="false" draggable="true"><iframe width="640" height="360" src="https://www.youtube.com/embed/fwoCakbeyNQ?&amp;ab_channel=ABS-CBNNewsautoplay=1&amp;wmode=opaque&amp;rel=0" frameBorder="0" allowfullscreen="" class="fr-draggable"></iframe></span><br/></div>

<p>US Secretary of State Antony Blinken visited a semiconductor plant in Muntinlupa, his first stop following his arrival in the Philippines Monday night.</p>

US Secretary of State Antony Blinken visited a semiconductor plant in Muntinlupa, his first stop following his arrival in the Philippines Monday night.

Blinken visits PH semiconductor facility, says chip supply chain needs beefing up

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Blinken visits PH semiconductor facility, says chip supply chain needs beefing up

Jekki Pascual,

ABS-CBN News

Published Mar 19, 2024 06:00 PM PHT

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Blinken

Anthony Blinken

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