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The US-backed AI and supply-chain hub in the Philippines carries a $10bn initial investment and a proposed 99-year lease to the United States. Joshua Bingcang, leading the Philippine side, said Manila aims to sign an initial agreement with the US State Department this year. The 4,000-acre site near Clark is the first facility under Pax Silica.
The Philippines released a new incentives roadmap focused on semiconductors, artificial intelligence, and climate initiatives. Tax perks are included in the plan, though the author suggests they may not be sufficient to attract the desired investments in these sectors.
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