The Market Monitor Minding the Nation's Business
A major Japanese cable and electronics manufacturer is planning a ₱4.3-billion expansion in Laguna, a move expected to strengthen the Philippines’ position in the global electronics supply chain.
The proposal was discussed during the meeting between Ferdinand R. Marcos Jr. and executives of Sumitomo Electric Industries in Tokyo, Japan, as part of the President’s official state visit.
In a Facebook post, Marcos said the investment would mean more jobs and stronger participation in future-driven industries.
“A ₱4.3 million investment in advanced electronics manufacturing means more high-quality jobs and a stronger role for the Philippines in the industries shaping the future,” he said.
The project is expected to generate around 300 jobs for Filipino workers while supporting export-oriented growth and advanced manufacturing.
According to the Presidential Communications Office, the expansion includes a new facility for flexible printed circuits (FPCs) and Surface Mount Technology (SMT) assembly products—key components in modern electronics.
The project is also seen to boost the country’s role in electric vehicles, artificial intelligence-related electronics, and advanced telecommunications.
“Global technology companies continue to place their confidence in the Filipino workforce,” the PCO said.
It added that “the expansion is expected to strengthen the Philippines’ role in global electronics and advanced industrial supply chains amid growing demand for electric vehicles, AI-related electronics, and advanced telecommunications equipment.”
First Sumiden Circuits Inc., a subsidiary of SEI, operates the country’s only flexible printed circuit manufacturing plant.
Located at the Light Industry and Science Park I in Cabuyao, it produces flexible printed circuits used in phones, computers, cameras, and printers.
The company started operations in 1996 and expanded the following year to include circuit-making processes. It was formed as a joint venture between SEI, First Philippine Holdings Corporation, and Sumitomo Corporation.
Sumitomo Electric Industries later assumed full ownership in 2011.
The Marcos administration continues to push for higher-value foreign investments, aiming to position the Philippines as a competitive hub for advanced manufacturing and technology-driven industries.