CLARK FREEPORT, Pampanga—Korean-owned Phoenix Semiconductors Philippines Corp. has cemented its presence in the freeport by announcing its $170-million expansion here on Monday.
The second phase of PSPC’s expansion started with a groundbreaking ceremony attended by Clark Development Corp. president Noel Manakil, Kim Youngmin, president of SFA Engineering and SFA Semiconductor Ltd., and Lee Byeongchun, president of PSCP.
Since 2010, the total exposure of the Korean firm inside the Freeport is now $752 million, as it employs 1,600 Filipinos, the CDC said in a statement. Last year, PSPC export value reached $1.6 billion.
The second phase of the project will produce Dynamic Random Access Memory and memory chips for desktop computers, work station servers, laptops and ultrabooks as well as Samsung-branded memory secure digital cards.