Philippines chip group sticks to forecast

September 24, 2003 – Despite a slide in exports in 2003, a Filipino semiconductor industry organization is holding to its 5% to 10% growth estimates for the year.

In an interview with local news outlet BusinessWorld, Ernesto Santiago of the Semiconductor and Electronics Industries in the Philippines Inc. (SEIPI), says the country’s semiconductor indsutry can still meet forecasts despite a 4% drop in exports so far this year, to $13 billion. Key to growth will be the global electronics market, particuarly for wireless technologies, he said.


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