THE biggest semiconductor company is set to invest an additional $10 million in expanding its facility in the Clark Freeport Zone, a top official of Texas Instruments Philippines Inc. (TI) said over the weekend.
At the groundbreaking ceremonies of the expansion project, Mohammad Yunus, president and managing director of TI Philippines, said “… the new facility is a celebration of a result of what government agencies and the industry can achieve when they partner together, not only for the success of a corporate enterprise but also for the success of the country.”
Yunus noted that when they first envisioned the manufacturing facility in the country, the goal was to ship 1.5 billion semiconductor units each quarter.
“Our current product distribution center is overflowing, we do not have enough space do an efficient job on distributing,” Yunus noted.
“It is designed to be a state-of-the-art storage retrieval system with high levels of automation, and it is designed to be the best workplace in terms of ergonomics,” he added.
Yunus disclosed that in the last quarter, TI shipped 1.5 billion semiconductor units. This quarter, the facility in Clark will ship out 1.9 billion units.
“We are currently looking at 2 billion units which could be a new record for any Texas Instrument site anywhere in the world,” Yunus noted.
TI has invested $1 billion in its manufacturing hub in Clark.
At the same event, Philippine Economic Zone Authority (PEZA) Director General Atty. Lilia De Lima cited Clark Development Corporation (CDC) President Arthur P. Tugade for making the freeport as one of the country’s strongest investment and promotions destinations.
De Lima said Tugade is a staunch supporter of investment and promotions and exemplifies how a facilitator of development should be.
“I’ve been in this job for more than 20 years as PEZA director general and I’ve seen presidents of CDC come and go, but the current one is the best,” she said.
“Atty. Tugade is so development-oriented and always works for trade facilitation,” she added.
The top executive of PEZA hopes for a strong partnership between CDC and PEZA to continue enticing business leaders to locate at Clark- and PEZA-controlled areas.
As of June 2015, the number of employees in Clark Freeport was close to 80,000 in 781 registered enterprises, including government agencies.