BCDA to ink Pax Silica AI framework with US
The Philippine government is looking to sign a framework deal for the planned artificial intelligence industrial hub under Pax Silica with a government agency of the United States.
The Philippine government aims to sign a framework deal for the planned artificial intelligence (AI) industrial hub in New Clark City, Tarlac, with a US government agency in November. The Bases Conversion and Development Authority (BCDA), the owner of the proposed hub's location, will sign the deal. The 1,600-hectare hub, developed under the US-led Pax Silica initiative, will focus on advanced manufacturing, semiconductors, electronics, precision engineering, automation, and future high-technology industries.
BCDA is optimistic that the framework deal will be signed while addressing concerns raised about the project, such as high water and electricity demand, environmental impact, and potential displacement of farmers and indigenous people. The government expects the hub to generate significant economic benefits, including $200 billion worth of exports and 130,000 to 190,000 direct jobs at full buildout.
Written by urgent.news from Philippine Star Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
