Washington, DC, 14 April 2026 – Philippine Finance Secretary Frederick D. Go reinforced the country’s position as a key hub in the global semiconductor value chain and a strategic base for the continued expansion of onsemi during a meeting with its President and CEO Hassane El-Khoury.

onsemi has more than three (3) decades of operations in the Philippines, where the company employs over 6,000 Filipinos. El-Khoury underscored the critical role of its Philippine facilities in supporting global demand for foundational power chips—essential components that enable hyperscale data centers, artificial intelligence (AI) infrastructure, and advanced storage systems.

“Virtually every technology that requires the conversion of electricity for data processing or storage relies on onsemi chips,” El-Khoury said, emphasizing the Company’s central role in powering next-generation digital infrastructure.

Beyond AI and data centers, onsemi’s Philippine operations are integral to the production of sensing and power solutions used in aerospace, defense, security, and advanced automotive technologies, including vision systems for electric and autonomous vehicles.

onsemi expressed appreciation for the Philippine government’s proactive support, noting that it has been instrumental in advancing the Company’s business plans and long-term investments in the country.

“The continued support of the Philippine government has enabled onsemi to establish a strong presence in the Philippines as an integral part of our global manufacturing network,” El-Khoury said.

The Company also highlighted its brownfield expansion strategy, focusing on scaling operations in locations where it has an established manufacturing footprint, positioning the Philippines for further investment.

Secretary Frederick Go welcomed the strategy and reaffirmed the Philippine government’s support for reinvestment and expansion by existing locators.

“The Marcos Jr. administration remains committed to creating an enabling environment where businesses can expand efficiently and competitively,” said Secretary Frederick Go. “My office stands ready to assist businesses in accelerating their expansion plans in the Philippines.”

He added that the government is steadily implementing and advancing reforms, specifically the CREATE MORE Act, to improve investment predictability and strengthen high-value manufacturing.

The meeting concluded with both leaders expressing confidence in the continued growth of onsemi’s Philippine operations, underpinned by the government’s sustained efforts to attract high-impact investments and deliver tangible benefits for Filipino workers and communities.