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Listed semiconductor company Phoenix Semiconductor Philippines Corp. (PSPC) has started expanding its manufacturing plant in Clark Freeport, Pampanga in line with commitment to invest more in the Philippines and meet global demand.
PSPC, one of the country’s biggest manufacturers and exporter of memory devices to the global market, broke ground on its Phase 2 manufacturing plant on Monday, February 13.
It told the local bourse that the project’s second phase will be constructed in two stages, the first of which is targeted for completion by September 2017.
The project involves the construction of the manufacturing building with an initial production footprint of 18,000 square meters, a new 1,000-sqm warehouse and the expansion power utility building.
PSPC anticipates the global semiconductor industry to continue on its recovery path within 2017.
Company official earlier said the new facility would also house production capacity for SFA Semicon’s semiconductor assembly and packaging contracts in line with its global manufacturing realignment strategy which intended to see PSPC diversifying to mobile semiconductor products.
SFA Semicon is the parent company of PSPC.
Clark Development Corp. President Noel Manankil cited PSPC as Clark Freeport Zone’s top exporter.
SOURCE: http://business.mb.com.ph/2017/02/14/phoenix-semiconductor-breaks-ground-on-clark-phase-2-expansion-project/