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June 21st, 2008 05:52 AM #1Samsung 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.
Texas Instrument has already started its plant in clark as well.
http://business.inquirer.net/money/b...plant-in-ClarkLast edited by VtEC; June 21st, 2008 at 05:56 AM.
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June 23rd, 2008 01:38 AM #3
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June 23rd, 2008 07:15 AM #4
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:
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June 23rd, 2008 01:18 PM #5
Wag lang sila sana ma turn off kapag sinigil sila ng NPA revolutionary taxes and sa mga mahilig magreklamo sa labas ng factory.
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June 24th, 2008 04:09 AM #6
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Verified Tsikot Member
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June 25th, 2008 09:26 AM #7[SIZE=3]Di NPA posibilidad maging problema sa clark. KMU... itong grupong ito ang nagpabagsak sa EPZA sa Bataan noon with their excessive demands.
Maraming Koreanong gusto ang pag-uugali ng Pilipino't marami nga ang permanent residents dito. Mas parehas silang makipagtrato sa business associate kaysa sa iba natin major trading partners. Maganda rin magpasuweldo more or less.
KSC [/SIZE]
Choice I would have made as well.:nod:
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