Samsung to inject PHP 50.7 billion for Philippine expansion

This investment is expected to create at least 3,000 new jobs.

Courtesy: PCO

Boosting investor confidence in PH

The Philippines has secured a PHP 50.7-billion investment from Samsung Electro-Mechanics Philippines Corporation (SEMPHIL). This is the first project to be granted Presidential Incentives under the CREATE MORE Act (Republic Act No. 12066).

Samsung is already in the Philippines, they have employed [thousands of Filipinos] in their very, very high-tech manufacturing plant. 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. said in an interview with the Philippine media delegation in South Korea.

Marcos said this investment translates into 3,000 new jobs and the transfer of technology.

The president said Samsung has agreed to tie up with several universities in the Philippines to train Filipino workers and conduct research and development in the country.

Aside from this, the Philippines also entered into a Supplemental Agreement between the DTI’s Philippine Economic Zone Authority (PEZA) and SEMPHIL, the Philippine subsidiary of South Korea’s SEMCO, which is a leader in advanced electronics and semiconductor technology.

Located in the Calamba Premiere International Park (CPIP) and registered with PEZA, SEMPHIL serves as SEMCO’s main global production hub in a cost-efficient region.

With its new expansion investment, SEMPHIL will establish a state-of-the-art, high-technology manufacturing facility to produce automotive multilayer ceramic capacitors (MLCCs) — key components used in electric vehicles (EVs) and smart devices.

The project is expected to begin commercial operations by July 2027 and create over 3,500 high-quality jobs for Filipino workers.

According to the Philippine Statistics Authority (PSA), electronic products remained the country's top export in 2024, accounting for nearly 60 percent of total shipments.

The new SEMPHIL project is expected to boost the Philippines' share in global MLCC exports.

Source: PCO