PHOENIX Semiconductors Philippines Corp. (PSPC), one of the country’s largest semiconductor chip makers, announced on Tuesday its net income grew 26 percent in the first quarter from a year earlier, driven by increased operating efficiencies and cost-management programs.

PSPC said operating income, net income, and diluted earnings per share amounted to $6.43 million (P286.1 million), $5.3 million and $0.0024 per share, respectively for the period under review.

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