DTI: Samsung unit exceeds $25-B investments in PH

Department of Trade and Industry (DTI) Secretary Alfredo Pascual said on Wednesday investments of Samsung Electro-Mechanics Philippines Corporation (SEMPHIL) in the country has surpassed USD25 billion.

In his message during the ribbon-cutting ceremony of SEMPHIL complex building in Calamba, Laguna Wednesday, Pascual said the South Korean manufacturer’s investments in the Philippines has contributed to the domestic economy and the development of industries.

He said SEMPHIL has shared USD80 million in exports and created jobs of nearly 7,000 as of January 2023.

The company established its business in Calamba in July 1997 manufacturing multi-layer ceramic capacitors, tantalum capacitors, inductors and thick