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  1. lightning099's Avatar
    lightning099
    lightning099 is offline Tsikot Member Rank 2
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    May 3rd, 2007 12:48 PM #1
    Good news naman

    Texas Instruments to invest $1B in RP
    INQUIRER.net
    Last updated 12:03pm (Mla time) 05/03/2007

    MANILA, Philippines -- US-based Texas Instruments Inc., the world's biggest maker of mobile phone chips, is planning a second plant in the Philippines, costing $1 billion.

    President Gloria Macapagal-Arroyo said the investment was the "single biggest investment" by a foreign firm and that the Philippines got it amid "fierce competition" from neighboring countries.

    “We are thankful that Texas Instruments finally chose the Philippines. We look at this event as a sure sign that the Philippines has found its niche as one of the best investment destinations in Asia," she said.

    Arroyo also said the plant would manufacture "more sophisticated" products than TI's first plant in the country. Trade and Industry Secretary Peter Favila said it would generate about 3,000 jobs.

    Press Secretary Ignacio Bunye said the plant would be located in an eight-hectare area in the Clark economic zone north of Manila. The company currently has a 25-hectare complex in Baguio City in the northern Philippines, and has been scouting for a new site in either the Philippines or China.
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  2. mazdamazda's Avatar
    mazdamazda
    mazdamazda is offline www.bigbigcar.com
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    May 3rd, 2007 01:53 PM #2
    Wow... this is good news! :clap:
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  3. CVT's Avatar
    CVT
    CVT is offline Hoosier'ed Hotspur
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    May 3rd, 2007 02:12 PM #3
    TI Philippines is our new bellweather in the semiconductor industry in the country.

    It's a fantastic thing to know that they're investing this much in our country. Great job by our comrades in TI Baguio!!!

    I just hope that the government will be more sensitive to the needs of this cutting-edge industry, which is probably the 2nd biggest employer(?), second only to CallCenters.

    The officers of the semiconductor industry can only shout so much so that we do not lose our advantage, whatever is left of it, in the region. Else, we will be on the short end of the investment portfolio as plants and future expansions are transferring to our neighbors in Asia.....

    2601:kick:
    Last edited by CVT; May 3rd, 2007 at 02:15 PM.
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  4. Horsepower's Avatar
    Horsepower
    Horsepower is offline Le Bombardier
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    May 3rd, 2007 05:30 PM #4
    Very Good news :-)
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  5. Hanren's Avatar
    Hanren
    Hanren is offline Very Active Lurker
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    May 3rd, 2007 05:41 PM #5
    Its one of the top (and honest) taxpayes in the city of Baguio. Recent economic data shows that it has gained a steady rise in profits for the past few years. Talk about good karma. Maraming silang matutulungan niyan especially with their new expansion plans...
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  6. mmanson's Avatar
    mmanson
    mmanson is offline noel26
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    May 3rd, 2007 11:02 PM #6
    nice! hope it can help a lot of people here!
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  7. empy's Avatar
    empy
    empy is offline Tsikoteer
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    May 3rd, 2007 11:29 PM #7
    good news! :clap:

    may bagong job opportunities for the members of KMU! :hihihi:
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  8. FullThrottle's Avatar
    FullThrottle
    FullThrottle is offline Verified Tsikot Member
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    May 3rd, 2007 11:51 PM #8
    This is good news indeed...

    Although the site will be located outside NCR, at the end of the day it will still benefit us as a nation.
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  9. mbeige's Avatar
    mbeige
    mbeige is offline Benzaholic
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    May 4th, 2007 12:00 AM #9
    It was inevitable. They are mobile phone chip manufacturers, and there are tons and tons of phones there.
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  10. xin's Avatar
    xin
    xin is offline Verified Tsikot Member
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    May 4th, 2007 12:18 AM #10
    this is good news, hopefully other companies in the industry will follow... ala singapore
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