President Ferdinand R. Marcos Jr. secured P56.3 billion in investment expansion commitments from four major Japanese firms during business meetings on the sidelines of his State Visit to Japan, promising roughly 10,300 direct and indirect jobs for Filipinos.
The commitments came from Furukawa Electric Co. Ltd., Sumitomo Electric Industries Ltd., MinebeaMitsumi Inc., and Tsuneishi Group Corporation, signaling the Philippines’ growing prominence as a hub for advanced manufacturing, electronics, artificial intelligence (AI), digital infrastructure, and sustainable shipbuilding.
“These projects secured during the President’s State Visit will create more jobs, boost manufacturing capabilities, and strengthen Filipino participation in global value chains,” Trade Secretary Ma. Cristina Roque said.
Furukawa Electric’s P17-billion expansion at Laguna Technopark is among the largest, expected to generate about 4,000 jobs. The facility will produce advanced heat sink modules and thermal management products used in AI, data centers, and high-performance computing systems.
Sumitomo Electric will invest P4.3 billion in Cabuyao, Laguna, producing flexible printed circuits and surface mount technology products for smartphones, automotive electronics, and telecommunications.
MinebeaMitsumi plans to expand its semiconductor and advanced electronics operations, including battery components for data centers and optical image stabilization technologies.
In maritime, Tsuneishi Group will expand its Balamban, Cebu shipyard with new dry docks, production facilities, and environmentally sustainable next-generation shipbuilding projects, strengthening the country’s role in global shipping.
Roque noted that the agreements reflect the strong confidence of leading Japanese companies in the Philippine economy and highlight the government’s effective investment promotion efforts.
