Murata Manufacturing, which was founded in Kyoto, Japan in 1944, is engaged in the research & development, production, and sales of ceramic-based electronics used in Apple iPhones and other devices.
The manufacture of computer, electronic, and optical products also slowed down in February with its value of production index declining by 10.9 percent.
The electronics sector remains to be the Philippines' top export, accounting for 66.3% of total exports during the period with export sales value of $5.1 billion.
Electronic products continued to be the Philippines’ top export in August 2022 with total earnings of $3.66 billion which accounted for 57.1 percent of the total exports during the period followed by other manufactured goods valued at $341.32 million, according to Philippine Statistics Authority (PSA).
The manufacture of computer, electronic, and optical products continued its downtrend in the third quarter of 2021 with an annual decline of -16.4 percent, the highest drop among the nine industries that recorded declines in annual growth rates.
However, most of the imported goods in August 2021 were also electronic products with an import value of $2.80 billion which accounted for 27.9 percent to the total imports.
Exports were primarily driven by increased global uptake of semiconductors, electronic data processing products, consumer electronics, and telecommunication products.
Interestingly, manufacturing activities in the computer and electronics industry slowed down to 96 percent in May 2021 from 108.3 percent in April this year.