• Samsung keeps deal with PH-based supplier intact


    STS Semiconductor and Telecommunications Co. Ltd., the South Korean-based parent of locally listed Phoenix Semiconductor Philippines Corp. (PSPC), has been assured of continued business by client Samsung Electronics Co. Ltd.

    STS received a letter from Samsung on June 19 confirming its commitment to maintain a supply agreement signed with PSPC on July 14, 2010.

    STS is pursuing an administrative process with Korean creditors over the debt of affiliate BKE&T Co. Ltd. which was guaranteed by STS

    Samsung said it will fulfill its contract with PSPC as preferred supplier and test provider of memory cards, chips and modules.


    Please follow our commenting guidelines.

    Comments are closed.