Samsung unit to invest over P50B in PHL ceramic capacitor facility

SAMSUNG Electro-Mechanics Philippines Corp. (SEMPHIL) is investing P50.7 billion in a Philippine manufacturing facility for automotive multilayer ceramic capacitors (MLCCs), according to the Office of the Special Assistant to the President for Investment and Economic Affairs (OSAPIEA).

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The manufacturing plant is expected to begin commercial operations by July 2027 and will generate over 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 Philippine delegation’s meeting with SEMCO’s top executives on the sidelines of the 32nd APEC Summit in South Korea.

“The products that they make in the Philippines are of the highest tech that you can imagine. And so that is very, very important for us,” President Ferdinand R. Marcos, Jr. told reporters after the meeting.