This report was prepared by two divisions from the OECD Directorate of Science, Technology and Innovation (STI), led by Director Jerry Sheehan: the Productivity, Innovation and Entrepreneurship Division (PIE), supporting the Committee on Industry, Innovation and Entrepreneurship; and the Division of Digital Connectivity, Economics and Society (DCES), supporting the Digital Policy Committee (DPC).

This report was prepared by Damiano Morando, Angela Attrey and Won Hee Cho, with input from Sabhyata Jha, under the supervision and guidance of Guy Lalanne, Head of PIE Division. Verena Weber, Filipe Silva, Lea Samek and Molly Lesher, Head of DCES Division provided useful input and oversight. The leadership of Deputy Director for STI, Audrey Plonk, on semiconductor policy is gratefully acknowledged.

The OECD Secretariat is grateful for the support from the interlocutors from the Philippine Board of Investments (BOI), particularly Ma. Corazon Halili-Dichosa, the Executive Director of Industry Development Services, June Villasanta and Kim Patrick Sangalang. Additional support from the Philippine Statistics Authority, including in accessing their secure Data Enclave, was received from Christine Ariola, Princess Badua and Micah Grabador. The support of the BOI team was invaluable in co-ordinating and enabling discussions in a fact-finding mission in Manila on 24-26 January 2024, where the team exchanged with the Industry Development and Trade Policy Group, the Philippine Economic Zone Authority and the Export Marketing Bureau from the Department of Trade and Industry, and the Philippine Council for Industry, Energy, and Emerging Technology Research and Development from the Department of Science and Technology, the Philippine Economic Zone Authority, the Industrial Technology Development Institute, the Philippine Statistics Authority, the Technical Education and Skills Development Authority, the Department of Labor and Employment, the Department of Education and the Commission on Higher Education. Subsequent conversations with and inputs from the Anti-Red Tape Authority, Intellectual Property Office of the Philippines and the Energy Regulatory Commission were very useful. The insights from a range of non-governmental stakeholders, including the Engineering Research and Development for Technology Consortium, the Center for Integrated Circuit and Device Research and the Semiconductor and Electronics Industries in the Philippines Foundation were also very helpful.

Additional statistical, analytical and empirical support from Hélène Dernis, Joaquim Guilhoto, Antton Haramboure, Mario Alejandro Nieves, Martin Reinhard, Sara Romaniega Sancho and Rudy Verlhac was warmly appreciated. David Hoffman and Aden Klein provided support in the early phases of the project. Administrative and technical support from Anaísa Gonçalves and Shai Somek was invaluable.

This project benefited from financial support and guidance from the United States Department of State, and input from key interlocutors including Virginia Kent, Mark Simeone, Richard Román and their teams was received at various stages of the project.