Newly listed semiconductor firm Phoenix Semiconductor Philippines Corp. (PSPC) said it will invest an additional $173 million in the second phase of the company’s expansion project in the country.
The $173 million is in addition to the $900 million already invested here since its establishment in February 2011, PSPC Vice President and Chief Financial Officer (CFO) Dongjoo Kim told reporters on Monday as he announced phases 2 and 3 of the expansion plan in a press briefing after the company’s listing on the exchange.
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