The electronics industry is seen to play a vital role in recovery and digital transformation.
The sector has continued to support the country’s economy amid the coronavirus diseases 2019 (Covid-19) pandemic.
Department of Trade and Industry (DTI) Secretary Ramon Lopez said the electronics sector has continued being a key driver and “solid cornerstone” of the Philippine manufacturing despite the ongoing global health and economic crisis.
SEIPI president Dan Lachica, reported that the sector grew by 8.9 percent in the first quarter of the year compared to last year, with export revenues amounting to $10.72 billion.
The industry also accounted for 61 percent of the country’s total exports in the said period.
Lopez recalled that despite community quarantine measures, electronics manufacturing continued to operate at 100 percent capacity even under enhanced community quarantine (ECQ).