Metro Manila, Philippines – President Ferdinand Marcos Jr. secured about ₱56.3 billion in potential investments from Japanese firms during his state visit to Japan, the Department of Trade and Industry (DTI) said Thursday, May 28.
These span electronics, shipbuilding, semiconductors, and artificial intelligence-driven technologies, and are projected to generate around 10,300 direct and indirect jobs nationwide.
During separate meetings, Marcos discussed expansion plans with executives of major Japanese companies, including Tsuneishi Group Corporation, which is looking to expand its shipbuilding operations in the Philippines.
Once completed, the expansion is expected to position the country as the world’s fourth-largest shipbuilding nation, behind China, Japan, and South Korea.
Marcos also met with officials of Furukawa Electric Co. Ltd., which plans to expand production of advanced heat sink modules and thermal management products used in electronics and digital infrastructure.
The proposed expansion includes boosting operations at the Laguna Technopark to meet rising global demand for high-performance cooling systems for data centers, particularly those supporting generative artificial intelligence technologies.
Meanwhile, Sumitomo Electric Industries, Ltd. is eyeing a ₱4.3-billion investment to build a new 4,706-square-meter facility in Cabuyao, Laguna through its Philippine unit, First Sumiden Circuits, Inc., the country’s sole manufacturer of flexible printed circuits.
The project is expected to enhance the country’s role in global supply chains for electric vehicles, AI-related electronics, and telecommunications.
MinebeaMitsumi Inc. also presented its ongoing and planned investments in semiconductor manufacturing, battery components for data centers, and precision technologies.
The company’s expansion in Cebu is expected to support production of smartphone camera actuators, data center battery modules, and analog semiconductors amid growing demand linked to AI technologies.
