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.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details