The Philippines is actively promoting the expansion of foreign investment in the semiconductor and electric vehicle industries.

The Minister of Finance of the Philippines, Carlos Dominguez III, revealed that international semiconductor, electronic, and electric vehicle giants are planning to expand their business or set foot in the Philippines for the first time, including major investments from companies like Samsung. At the same time, the Department of Trade and Industry of the Philippines is in talks with a certain electric vehicle manufacturer regarding setting up a factory and registering their business in the Philippines. In order to boost industrial growth, the Philippines is actively signing more free trade and economic partner agreements to tap into new markets.