Samsung Invests in New Manufacturing Plant in the Philippines
Samsung Electro-Mechanics Philippines Corp. (SEMPHIL) will 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.
- Investment: Php50.7 billion
- Expected employment: over 3,500 Filipinos
- Current employees: 7,000 at the end of 2024
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.
Author's summary: Samsung invests Php50 billion in a new PH plant.
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