Increased demand seen for ‘new normal’ tech
The Semiconductors and Electronics Industries of the Philippines Inc (SEIPI) is seeing a seven per cent growth in the demand for technologies that support the “new normal.”
According to the industry group, they’re seeing a demand for gadgets for distance learning and telecommuting, as well as e-vehicles and medical electronics. The expected seven per cent growth this year is an improvement from the five to 10 per cent contraction in 2020.
SEIPI President Dan Lachica added that lawmakers should consider tweaking existing bills like the CREATE or the Corporate Recovery and Tax Incentives for Enterprises Act, to make the Philippines more competitive than peers like Vietnam in the current business climate.
