The Philippines Department of Finance reported that Finance Secretary Frederick D. Go met with onsemi President and CEO Hassane El-Khoury and reaffirmed government support for reinvestment and expansion by the company’s existing Philippine operations, framing the Philippines as a strategic base in the global semiconductor value chain. onsemi highlighted that it has operated in the Philippines for more than three decades, employs over 6,000 Filipinos, and views its local facilities as critical to meeting global demand for foundational power chips used in hyperscale data centres, artificial intelligence infrastructure and advanced storage, as well as sensing and power solutions for aerospace, defence, security and advanced automotive applications. The company pointed to a brownfield expansion strategy focused on scaling locations with established manufacturing footprints, while Go cited ongoing reforms including the CREATE MORE Act to improve investment predictability and support high-value manufacturing.
Department of Finance (Philippines) 2026-04-14
Philippines Department of Finance signals support for onsemi brownfield expansion and points to CREATE MORE Act reforms
The Philippines Department of Finance reported that Finance Secretary Frederick D. Go met with onsemi President and CEO Hassane El-Khoury and reaffirmed support for reinvestment and expansion of the company’s Philippine operations, positioning the country as a strategic base in the global semiconductor value chain. onsemi underscored the importance of its three-decade presence and over 6,000 local employees, while Go highlighted reforms, including the CREATE MORE Act, to enhance investment predictability and support high-value manufacturing.