Phoenix Semiconductor Philippines Corp. (PSPC), a Korean semiconductor firm will embark in a $170 million expansion project inside the Clark Freeport Zone.
PSPC and the Clark Development Corporation Officer-in-Charge Noel F. Manankil recently signed a project management agreement for the construction of its Phase 2 semiconductor assembly facilities.
The Korean firm has reportedly invested more than $1 billion since its operations starred in Clark, with Samsung as one of their biggest clients.
The firm, according to a report submitted to CDC, is expected to employ more than 1,500 workers once fully operational. At present, the Korean firm is employing 1,573.
The PSPC statement added that it tapped the services of D. A. Silvestre & Associates (DASA), an architectural and engineering consulting firm, to construct the expansion project.
The agreement was signed by PSPC President and Chief Executive Officer Byeongchun Lee and Arch. Jose Danilo Silvestre, head of DASA, the report stated.
PSPC’s Board of Directors had earlier granted authority to Lee to sign and approve all contracts and acts for the construction of the Phase 2 project.
The groundbreaking of the expansion of the project is expected next year before the start of the rainy season.
According to reports received by Manankil , the project consists of a new process building to house about 40,000 sq. meters of production floor space for semiconductor assembly and test facilities for PSPC’s future customers. The authority paves the way for the official start of the implementation of the second manufacturing facility of PSPC in Clark.
Under the terms of the contract, DASA will undertake pre-construction activities, including the review of architectural and engineering designs and plans to ensure compliance with pertinent laws, rules, and regulations; to file and obtain the required building and occupancy permits; and to assist in the supervision of the construction of the Phase 2 project. DASA was also responsible in the project management and provided support services for PSPC’s Phase one of the facility in 2010.
Bidding for the award of the general construction contract and the supply of other related engineering and construction services is currently ongoing, the report said.