Tokyo: Japanese manufacturer MinebeaMitsumi, Inc. is eyeing expanded investments in semiconductor back-end manufacturing and advanced precision technologies in the Philippines following a meeting with President Ferdinand R. Marcos Jr. in Tokyo, Japan.

According to Philippines News Agency, during the meeting, the Japanese firm presented its expansion plans to President Marcos. The Presidential Communications Office (PCO) disclosed that discussions focused on ongoing and planned investments in semiconductor back-end manufacturing, battery-related components for hyperscale data centers, Optical Image Stabilization (OIS) technologies, and advanced precision manufacturing in the Philippines.

'The meeting underscored the Philippines' growing role in global semiconductor and advanced electronics supply chains, while reaffirming investor confidence in Filipino talent and the country's expanding high-value manufacturing sector,' the PCO stated. The commitment from another Japanese company to expand operations in the Philippines reaffirmed the continued confidence of foreign investors.

MinebeaMitsumi is among the Japanese businesses with existing operations in the Philippines. Its operations in the Philippines began in 1980 and is now one of the largest manufacturing arms in Asia. The company specializes in the manufacture of high-precision electronic and mechanical components for various industries, including automotive, industrial, infrastructure, healthcare, robotics, and information technology. MinebeaMitsumi factories are located in Santo Tomas, Batangas; Mariveles, Bataan; and Danao and Naga City in Cebu.