Samsung eyes $1-B chips plant in Clark

[VtEC]

Samsung eyes $1-B chips plant in Clark


Reuters
First Posted 03:05:00 06/21/2008

Samsung Electronics Co. Ltd., the world’s largest maker of memory chips, is in talks about building a manufacturing plant in the Philippines, a senior government official said Friday.
“There was encouraging progress in the talks with the group,” Trade and Industry Secretary Peter Favila told Reuters.
He said officials of the Clark Development Corp. (CDC), which oversees the Clark Freeport, a former US military base north of Manila, had been in talks with Samsung for some time.
Asked to confirm local newspaper reports that $1 billion was the size of the possible Samsung investment, Favila said: “It’s possible, given the kind of activity that they will be undertaking.”
CDC president Liberato Laus and other top officials are in South Korea for further talks with Samsung, Laus’ office said.
Ahn Jae-kwang, a Samsung Electronics spokesperson, said: “We are exploring various opportunities in Southeast Asia, but no decisions have been made.”
The company said in March it was conducting a study in Southeast Asia, including the Philippines, possibly to build an electronics plant.
Electronics, largely assembled from imported parts, account for over 50 percent of the Philippines’ export revenues. The country wants to expand its role as a hub for electronics firms seeking low-cost manufacturing bases.
Texas Instruments, the world’s top mobile phone chip maker, has started construction of a $1-billion semiconductor plant in the Clark Freeport.
There have been reports that an area in Clark has been reserved for the Samsung project.
The proposed plant will be used for design and manufacture of integrated circuits or chips, which are found in almost all modern electrical equipment, including microprocessors, audio and video equipment, and cars.
Samsung operates an optical disk drive manufacturing plant south of Manila. It also has a unit, Samsung Electro-Mechanics Philippines Corp., which manufactures multi-layer capacitor thick film chip resistors.

this means alot of work oppotunities.
Texas Instrument has already started its plant in clark as well.










http://business.inquirer.net/money/b...plant-in-Clark

[jpdm]

good news!!

[VtEC]

honga, para naman di laging fuel surge ang nakikita natin about philippines

good news!!

[CVT]

Samsung is the biggest supplier of memory chips, Flash, xRAMs and others. Let's just hope that our countrymen will be able to sustain that leadership so that we can attract more investments from the industry leaders.

6303:fetch:

[jonski]

Wag lang sila sana ma turn off kapag sinigil sila ng NPA revolutionary taxes and sa mga mahilig magreklamo sa labas ng factory.

[VtEC]

sobra naman yan, para ke saan na tax?? para kay joma?

nweis, sana magtuloy tuloy ang ganyang mga deals para madami ang mabigyan ng trabaho.

Wag lang sila sana ma turn off kapag sinigil sila ng NPA revolutionary taxes and sa mga mahilig magreklamo sa labas ng factory.