Business
Philippines’ Chip Industry Group Woos TSMC, UMC with Manpower Training Offer: A Strategic Bid to Enhance Global Semiconductor Value Chain
The semiconductor industry group in the Philippines is appealing to TSMC and UMC in an effort to ascend the value chain. The group's leader has requested for their obsolete equipment and promises to coach Filipino workers to be utilized in their worldwide businesses.
Lachica expressed his hopes that TSMC, UMC or any other firm interested in setting up wafer fabs abroad would consider a proposal: they could send their outdated equipment to them, and in return, they would provide training for Filipino workers who could then be incorporated into their global workforce.
In the intricate sector of chip production, a nation with a population exceeding 100 million lags behind neighboring countries like Malaysia and Singapore. Setting up these production facilities can demand an initial outlay running into billions of dollars. Taiwan, globally recognized as the frontrunner in this field, has businesses such as TSMC extending their reach abroad to mitigate possible hazards arising from the strained relations between the island nation and the government of China.
Representatives from TSMC did not provide any feedback to a comment request. "UMC has a policy of not addressing rumors in the market," said a spokesperson from UMC via email.
The Philippines is hoping that its affordable expenses and abundant labor force could lure manufacturing companies. A lack of skilled workers is a significant hurdle for international semiconductor producers from the U.S. to Malaysia. It's projected by Deloitte that the industry will require over a million extra skilled employees globally by 2030.
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