News: SEIPI implements 7 key initiatives to raise electronics exports to $ 45 B -
18 Nov 2007
The Semiconductor and Electronics Industry of the Philippines (SEIPI) will implement seven key initiatives to raise the industry’s exports revenues to $ 45 billion by 2010 from this year’s projected $ 32 billion.
SEIPI chairman Arthur Young Jr., told participants of ‘People Competitiveness Summit 2007’ that the initiatives would also address two key areas — improving the country’s competitiveness and expanding the value chain of the industry.
Young said making the Philippines a regional center of excellence in selected electronic industry products will attract more investments into the country which could create 650,000 new jobs three years from now. The electronics industry already surpassed its $ 1 billion investments target for this year as it reached $ 1.12 billion in the first three quarters.
Industry key players are working on with government and academic leaders undertake measures crucial to achieving this goal.
Young said they intend to upgrade engineering curriculum to keep pace with technology, with the improvement of Commission on Higher Education (CHED) and Professional Regulatory Board’s (PRC) curriculum and board licensure exam design process. The country’s engineering curriculum should be benchmarked with international universities and set up centers of excellence in universities, he noted. He also cited the need to provide sustained scholarship program to support industry growth. "A law that will provide continued funding allocation for MS and PHD on science and engineering courses is needed. Also, there must be a program to improve school administration’s competency for fund generation," Young said. Stakeholders’ active engagement on faculty development is also important in this effort.
This is through opening industry facilities, laboratories and other relevant resources for faculty immersion and research tieups and strategic linkages with foreign benchmark universities leveraging local multinational companies, he added. Young said they will coordinate with the government and the academe to develop a culture of science research among young students and integrate various ongoing engineering and science competency development programs.
Other initiatives aimed at raising the competitiveness of the electronics industry and increase its revenues include: manufacturing cost control, improving country’s image; targeted sector development; allied industry development; multinational companies and domestic value chain expansion; and research and development wafer fabrication. The electronics sector now comprises 64 percent of the Philippine total exports and 34 percent of the country’s gross domestic product.
Source: Manila Bulletin Online, Edu Lopez, Business Section, 11/18/2007