SFA renews contract with SSK

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SFA Semicon Philippines Corp. said it has renewed its contract to produce semiconductor memory products for its mother company SFA Semicon Co. Ltd (SSK.)

“The extension of the agreement shall be from July 1, 2020 to June 30, 2021 under the same terms and conditions as the original BTA (business transaction agreement), and shall enable SSP (SFA Semicon) to continue the assembly and test of semiconductor memory products in SSP’s manufacturing plant in Clark Freeport Zone,” the company said.

SFA Semicon, previously Phoenix Semiconductors Philippines Corp., has been into semiconductor manufacturing since 2011.

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The company said that its board of directors also approved the amendment of the BTA to provide for automatic renewal for one year each under the same terms and conditions of the contract, “unless otherwise changed or terminated by either party within a certain period prior to the BTA’s expiry.”

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