Semiconductor firm PSPC geared for greater expansion plans.
Leading semiconductor company Phoenix Semiconductor Philippines Corp. (PSPC), based in Clark, Pampanga, is currently prioritizing its plant expansion program to widen its customers' base on the memory devices, a company officer said.
PSPC Chief Finance Officer Dong-Joo Kim said that the company aims to increase its capacity for memory devices to include semiconductors for high end mobile phones to their products. These, he cited, will incorporate their goal of creating semiconductors that are "faster, greener, smarter, and smaller."
"We study carefully the needs of today's electronic devices and how to vastly improve the technology," he said.
Considered as one of the most promising semiconductor companies in the region, PSPC has been at the front line of semiconductor production since 2011, consistently producing memory chips that have made their way into devices such as industrial servers and consumer goods such as mobile phones, desktops, laptops, and other gadgets. Semiconductors are chemical elements capable of conducting electricity, making them perfect for controlling electrical current in various devices and gadgets.
PSPC was also awarded as one of the top exporters according to Clark Development Corporation (CDC), a government agency tasked to manage the two of the fastest growing investment areas in the country--ClarkFreeport and Clark Special Economic Zone.
"We are keen in making PSPC the leader in semiconductor production in the country and hopefully within the region", said Kim."PSPC has never been more optimistic about its future growth. We see that current market demand is driving the industry forward, sophistication of processes and production have improved our efficiencies and capacity, the push for continued innovation and the rise of virtualization."
The global semiconductor industry, according to authentic reference company World Semiconductor Trade Statistics (WSTS), has exceeded $300 billion in sales for the first time ever in 2013, and is poised to grow by 4.1% and 3.4% in 2014 and 2015, respectively.
To keep up with this demand, PSPC has filed to raise P1.73 billion worth of proceeds from its initial public offering including oversubscription shares, and has become on the move to enlarge its manufacturing facility and start mass production for new potential customers.
He added that as a large producer of memory semiconductors, PSPC remains confident about its future growth and expansion program. Kim added that with a lot of opportunities coming their way, PSPC has "not even begun to scratch the surface" yet.
"There is a lot of potential for the market to grow and for the industry to grow with it. We are confident that PSPC will be able to lead the industry towards unprecedented growth. We are sure of it," said Kim.
PSPC was born out of Samsung Electronics Co. Ltd.'s spin off--STS Semiconductor, to focus on its semiconductor business division. It has since supplied a significant portion of Samsung's semiconductor components used either for internal needs or for the customers' convenience.
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|Title Annotation:||Business News|
|Date:||Nov 5, 2014|
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