GLOBAL semiconductor firm Phoenix Semiconductor Philippines Corp. (PSPC) is pouring an additional $170-million (P8.48-billion) investment on an expansion project in its site in Clark Freeport Zone, Clark Development Corp. (CDC) said on Thursday.
As of June 2016, the Korean firm had invested $7.52 billion (P3.72 billion) in Clark Freeport since starting operations in 2010.
In 2016 PSPC emerged as the top exporter in Clark, with its export valued at $1.6 billion (P79.756 billion), CDC said. The company has a work force of 1,600.
With PSPC’s Phase 2 construction, its manufacturing capability and employment could be doubled, CDC President Noel E. Manankil said in a statement.
“In the next seven years, we hope to be able to duplicate, if not exceed, the advances we made since 2010 and with the support of our business partners both present and future—among them, Taiyo Nippon and Anda Power—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,” PSPC President Lee Byeongchun said in a statement.
SFA Engineering and SFA Semicon Ltd. official Kim Youngmin 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.
The SFA Group, recently renamed from STS Semiconductor and Telecommunications Co. Ltd., is the mother company of PSPC.
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.