US, Philippines to explore semiconductor supply chain opportunities -statement

The United States and the Philippines are partnering to explore semiconductor supply chain opportunities, starting off with an assessment of the Pacific island nation's existing semiconductor ecosystem and regulatory framework, the Commerce Department said on Thursday.

The agreement comes as countries in the U.S.-led Indo-Pacific Economic Framework formally signed a previously agreed upon pact covering supply chain resiliency at a meeting during the Asia Pacific Economic Cooperation leaders' summit in San Francisco.