MANILA, Philippines — President Ferdinand Marcos Jr. on Thursday secured P53.6 billion in potential investments from major Japanese companies covering expansion projects in shipbuilding, electronics manufacturing, semiconductor production, artificial intelligence (AI), and green maritime industries.
The investments were committed during separate meetings with the President om the sidelines of his four-day state visit to Japan, the Presidential Communications Office (PCO) said.
The investments include those of Tsuneishi Group Corp. to expand its shipbuilding facility in the Philippines, which is expected to make the country the fourth-largest shipbuilding nation in the world next to China, Japan, and South Korea.
It also includes potential investments of Furukawa Electric Co. Ltd., which plans to expand its manufacturing operations, particularly those of advanced heat sink models and thermal management products.
The company also plans to increase the production capacity for high-performance heat sinks at the Laguna Technopark.
Sumitomo Electric Industries Ltd. is also expected to invest P4.3 billion in advanced electronics manufacturing, covering the construction of a new 4,706 square-meter facility in Cabuyao, Laguna.
MinebeaMistumi Inc., meanwhile, plans to boost its semiconductor backend manufacturing, including battery-related components for hyperscale data centers, optical image stabilization 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.
