The new industrial hub will be built in the Luzon Economic Corridor, which includes Manila and nearby industrial and manufacturing regions.
Business
Under the deal, OpenAI will receive warrants for a minority stake in Cerebras, with its ownership potentially increasing as its spending rises.
The optimism contrasts sharply with warnings from policymakers and central bankers as the Strait of Hormuz remains closed.
Hormuz blockade stirs tension over Straits of Malacca
The straits between Indonesia, Malaysia and Singapore carries roughly 40% of global trade, including the bulk of oil flows from the Middle East to Asian powerhouses.
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