Samsung Invests in New Manufacturing Plant in the Philippines
Samsung Electro-Mechanics Philippines Corp. (SEMPHIL) plans to invest Php50.7 billion to build a new manufacturing plant in the Philippines.
The facility will produce multilayer ceramic capacitors (MLCCs), vital for electric cars and advanced smart devices, and is expected to open in July 2027, providing employment for over 3,500 Filipinos.
- Investment: Php50.7 billion
- Products: Multilayer ceramic capacitors (MLCCs)
- Expected employment: over 3,500 Filipinos
- Opening date: July 2027
The commitment was secured during discussions between a Philippine delegation and top leaders of SEMCO, SEMPHIL’s parent firm, held alongside the 32nd APEC Summit in South Korea.
No direct quote available in the text.
Author's summary: Samsung invests Php50 billion in a new Philippine plant.
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