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US-backed Philippines AI hub could draw at least US$10 bil in investments, says official
Cliff Venzon & Andreo Calonzo / BloombergThu, 11 June 2026 at 11:23 AM SGT
3 min read
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The AI supply chain hub is expected to host green energy, semiconductor and logistics projects, as well as data centres.
(June 11): A US-backed plan to build an artificial intelligence (AI) hub in the Philippines could draw an initial investment of about US$10 billion ($12.9 billion), an official said, and help prop up an economy battered by the Iran war.
That would be just the start of high-end investments from technology and other companies the Philippines aims to attract to a 4,000-acre site that’s envisioned to be its version of Silicon Valley, according to Joshua Bingcang, the president of the state-owned company working with the US on the project.
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Manila aims to sign an initial agreement with the US State Department this year and has an option to offer up to a 99-year lease to the US, he said. He added that he’s been on the phone almost daily with US Embassy officials discussing the venture.
The Pax Silica project offers the Philippines a shot to transform its economy, Bingcang, who heads the Bases Conversion and Development Authority, said in an interview on Thursday. “For us, it’s a way to catch up in terms of industrial activity. For the longest time we are a service-oriented economy dependent on importation.”
The US is planning to build the first-of-its-kind industrial hub in the Philippines as it seeks to reduce reliance on Chinese-dominated tech supply chains. The plan comes as the Philippines joined Pax Silica, a Washington-led supply-chain alliance that also includes Australia, India, Israel, Japan and the UK.
The AI supply chain hub, located near the Clark Freeport Zone, a former US air base north of Manila, is expected to host green energy, semiconductor and logistics projects, as well as data centres.
