The growth in internet users was followed by a rapid increase in overall digital-economy size that grew to US$77 billion of gross merchandise value.
He also acknowledged that the government would need to do better at connecting millions of Filipinos and revving up initiatives to advance the digital economy.
While the technology sector had a difficult overall year in 2022, e-commerce players remained optimistic about this year, the report reflected.
When it comes to the latest iPhone 14, Samsung and LG are estimated to supply 70 per cent and 20 per cent of the OLED displays.
Semiconductors are indispensable in both military and civilian applications, for products ranging from smartphones to missiles.
By sharing a common platform, users will not need to use multiple applications or software to settle and manage their digital assets.
Market observers say it is important for the country to foster system semiconductors that are seeing increase in demand in the US and Europe.
Once construction of the facility on the 1.7-square-kilometre land is completed by 2027, the plant will be able to power batteries mounted on 1.2 million pure electric vehicles…
The firm plans to develop advanced 2-nanometer generation semiconductors, for which production technology has yet to be established.
Recently, an increase in economic activity and more visitors to Japan have made it difficult for convenience stores to secure enough workers.