Samsung to build billion-dollar chip plant in Philippines
South Korea's Samsung Electronics is to invest one billion dollars in a "state of the art" microchip manufacturing facility in the Philippines.
By Agencies |
MANILA: South Korea's Samsung Electronics is to invest one billion dollars in a "state of the art" microchip manufacturing facility in the Philippines, it was reported Friday.
The Manila Bulletin newspaper said the the facility will be built on a 30-hectare (74-acre) site in the Clark Special Economic Zone near the former US airforce base north of Manila.
Quoting unnamed sources the paper said "it will be a state of the art" facility with construction starting "within the year."
At present, Samsung has two operations in the country, Samsung Electronics Philippines Manufacturing Corp. and Samsung Electronics Philippines Corp.
The entry of Samsung in Clark will boost the zone as a hub for electronics chipmaking, an unnamed official said.
"This means the country can move upstream to design and manufacturing as opposed to the low value-added testing and packaging operations," the official said.
The Manila Bulletin newspaper said the the facility will be built on a 30-hectare (74-acre) site in the Clark Special Economic Zone near the former US airforce base north of Manila.
Quoting unnamed sources the paper said "it will be a state of the art" facility with construction starting "within the year."
At present, Samsung has two operations in the country, Samsung Electronics Philippines Manufacturing Corp. and Samsung Electronics Philippines Corp.
The entry of Samsung in Clark will boost the zone as a hub for electronics chipmaking, an unnamed official said.
"This means the country can move upstream to design and manufacturing as opposed to the low value-added testing and packaging operations," the official said.
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