Phoenix Semiconductor Philippines Corp. (PSPC), supplier to Samsung Electronics, is pouring an additional $170 million (P8.5 billion) investment for an expansion project inside the Clark Freeport zone.
The investment, which would double the capacity of the Korean semiconductor giant, forms part of the second phase of the expansion project of the company.
PSPC is one of the biggest electronics investors in the country. As of June 16, 2016, it had poured in $7.52 billion in actual investments in Clark Freeport since starting operations in 2010 or just six years.
The company yesterday broke ground for the phase 2 semiconductor assembly and testing facilities within the company’s manufacturing center in Clark.
In 2016, PSPC is top exporter in Clark with its export valued at $1.6 billion. It has about 1,600 workers.
Kim Youngmin, president of SFA Engineering & SFA Semicon Ltd., PSPC’s mother company, said PSPC is being molded to be the manufacturing hub of the SFA group in Asia as part of their global manufacturing realignment strategy in the future.
“PSPC is predicted to be a company that will provide state-of-the-art semiconductor assembly services to Samsung and other electronics companies around the world,” Kim said.
“By diversifying its client base, PSPC is predicted to solidify its role as a major key player in the semiconductor business benefiting Clark Freeport Zone, the national economy and the global market,” Kim added.
PSPC’s major product lines include Dynamic Random Access Memory and memory chips for desktop computer work stations and servers, personal computers, laptops and ultrabooks as well as Samsung-branded memory secured digital cards.
“In the next seven years, we hope to be able to duplicate, if not exceed, the advances we made since 2010,” Lee Byeongchun, PSPC president, said in his speech.
“With the support of our business partners both present and future – Taiyo Nippon and ANDA Power among others – CDC acting as our official link with the national government, and with the guidance of our mother company, SFA Semicon Co., Ltd., we commit to a better future for Clark, for Pampanga and for the Philippines, through our Phase 2 project,” he added.