US plans chip, nickel deals in Philippines as defence ties grow
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The US plans to support infrastructure, semiconductor, and nickel processing projects in the Philippines as part of their growing investment partnerships. This comes as the Philippines strengthens economic ties with the US and Japan amid strained relations with China. The US, Philippines, and Japan will accelerate investments on the Luzon Economic Corridor, focusing on rail and port modernization, clean energy, semiconductor supply chains, agribusiness, and civilian port upgrades. The US will also support a grant to Eramen Minerals Inc for the development of an ore-to-nickel and cobalt processing plant. United Parcel Service Inc will expand its operations in Clark, and the US military will have access to Philippine bases under the Enhanced Defense Cooperation Agreement. The US Agency for International Development will launch a humanitarian relief initiative at one of the sites for the Philippines' civilian disaster response. Cooperation between the US and Philippines in the South China Sea has reached historic levels.

#Us #Philippines #Investment #DefenseTies #Infrastructure #Semiconductor #NickelProcessing #LuzonEconomicCorridor #China #SouthChinaSea

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