Samsung Electro-Mechanics Philippines Corp. (SemPhil) is investing P50.7 billion in a Philippine manufacturing facility for automotive multilayer ceramic capacitors (MLCC), according to O.marginal forceSpecial Assistant to the President for Investment and Economic Affairs Amarginal forceAir (Osapiya).
The manufacturing plant is expected to begin commercial operations by July 2027 and create more than 3,500 jobs, OSAPIEA said in a statement over the weekend.
MLCCs are key components in electric vehicles and smart devices.
The investment commitment was finalized during the meeting of the Philippine delegation with SEMCO top officials on the sidelines of the 32nd conference.Ra APEC summit in South Korea.
President Ferdinand R. “The products they make in the Philippines are of the highest technology you can imagine. And so it's very, very important to us,” Marcos Jr. told reporters after the meeting.
Mr. Marcos said Samsung is also committed to partnering with universities to train Filipino workers and conduct research and development.
SEMFIL, the Philippine subsidiary of Samsung Electro-Mechanics Company (SEMCO), is located in the Calamba Premier International Park and registered with the Philippine Economic Zone Authority.
OSAPIEA said that at the end of 2024, SEMPHIL employed 7,000 workers and accounted for about half of SEMCO's worldwide MLCC output.
investment pledge is also fIget first fiScale incentives under the Corporate Recovery and Tax Incentives for Enterprises Act to maximize opportunities to revive the economy.
Under the law, the President may grant tax incentives in the interest of national economic development or as recommended by the Fiscal Incentive Review Board.
qualiFThese projects are eligible for incentives such as income tax holidays, special corporate income tax and enhanced tax deductions.
Benefits include Value Added Tax (VAT) zero-rating on local purchases, as well as VAT and duty exemptions on imports.
PEZA Director General Teresa O. Panga called the investment “a landmark achievement for the electronics sector”, noting that the expansion “will strengthen the Philippines' position in the global semiconductor value chain and create more opportunities for Filipino talent.”
According to the Philippine Statistics Authority, in 2024, electronic products remained the Philippines' top export, accounting for about 60% of total shipments. , Beatriz Marie D. Cruz
