Asia Tech Wire (Oct 22) -- The Philippines seeks to partner with firms such as TSMC and UMC to expand the country's chip manufacturing business, according to Bloomberg.

Dan Lachica, president of Semiconductor and Electronics Industries in the Philippines, Inc. (SEIPI), revealed that the Philippines is engaging with firms such as TSMC and UMC to seek equipment and expertise to expand its chip manufacturing business.

"What I am hoping is that TSMC or UMC or some other company aspiring for wafer fabs overseas is to consider, send us your depreciated equipment," he said.

And in exchange, we'll train the Filipino workers that you can deploy in your global operations," Lachica added.