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Philippine President Ferdinand R. Marcos Jr. secured approximately PhP56.3 billion in potential investments from major Japanese companies during separate meetings on Thursday on the sidelines of his four-day state visit to Japan.
The meetings covered expansion projects in the shipbuilding industry, advanced electronics manufacturing, semiconductor production, artificial intelligence (AI)-driven technologies, and green maritime industries, which are expected to generate around 10,300 additional direct and indirect jobs across the Philippines.
President Marcos met with the executives of Tsuneishi Group Corporation to discuss the company’s plan to expand its shipbuilding facility in the Philippines. Once the expansion is completed, the Philippines is projected to become the world’s fourth-largest shipbuilding nation, next to China, Japan, and South Korea.
President Marcos also met with the executives of Furukawa Electric Co. Ltd., which presented its proposed expansion project involving the manufacture of advanced heat sink modules and thermal management products supporting global electronics and digital infrastructure applications.
Their discussions also focused on expanding operations at the Laguna Technopark to increase production capacity for high-performance heat sinks used in cooling data center processing units, including CPUs and GPUs, amid rising global demand driven by generative AI technologies.
President Marcos also met with executives of Sumitomo Electric Industries, Ltd., during which discussions focused on a PHP 4.3 billion expansion project in advanced electronics manufacturing.
The investment includes the construction of a new 4,706-square-meter facility in Cabuyao, Laguna, by the company’s Philippine unit, First Sumiden Circuits, Inc. (FSCI), the country’s sole manufacturer of flexible printed circuits.
The expansion is expected to strengthen the Philippines’ participation in global supply chains for electric vehicles, AI-related electronics, and advanced telecommunications.
Meanwhile, executives of MinebeaMitsumi Inc. presented the company’s ongoing and planned investments in the Philippines covering semiconductor back-end manufacturing, battery-related components for hyperscale data centers, Optical Image Stabilization (OIS) technologies, and advanced precision manufacturing.
The investments are expected to support the expansion of high-end smartphone camera actuators, data center battery protection modules, and analog semiconductor operations in Cebu to help address growing global demand linked to AI technologies.
