Global tech giants targeted
Bases Conversion and Development Authority President and CEO Joshua Bingcang said the government plans to approach major technology firms once the New Clark City ecosystem and its master agreement with US counterparts are in place.
The government’s initial wish list includes:
Development could start in 2027
BCDA is negotiating a master agreement with US government counterparts for Pax Silica, which has been presented as part of a broader US-Philippine effort to strengthen secure and diversified technology supply chains.
If the agreement is signed by the target date of November, site development could begin as early as 2027, Bingcang said.
Why other countries are interested
While Pax Silica is central to Washington’s technology and supply-chain push, the BCDA said it does not intend to limit New Clark City to US investment.
Bingcang said the agency is in preliminary discussions with at least three other countries about industrial developments in the area.
South Korea is planning to lease at least 250 hectares in New Clark City.
Singapore is targeting a larger 300-hectare site.
Taiwan is also considering a land lease in the area.
Other countries: Developments led by other countries may be smaller than Pax Silica but could still support the broader advanced-manufacturing ecosystem.
“We want to assure that we’re not just limiting the option to one country,” Bingcang said. “There are other opportunities.”
New Clark City was master-planned for industrial and advanced-manufacturing uses, giving the government a large development footprint at a time when countries are competing for semiconductor, electronics, AI and clean-technology investments.
The Philippine technology corridor
Pax Silica is designed as the first link in a larger national industrial plan.