November 3, 2025 | 12:00am
BUSAN – Technology firm Samsung Electro-Mechanics Philippines Corp. (SEMPHIL) is set to invest an additional P50 billion in the Philippines and is expected to generate some 3,000 new jobs, President Marcos said yesterday.
SEMPHIL is a subsidiary of South Korean conglomerate Samsung Electro-Mechanics Co. Ltd. (SEMCO), whose officials discussed with Marcos the P50.7-billion expansion of its manufacturing operations in Calamba, Laguna, on the sidelines of the Asia-Pacific Economic Cooperation summit.
The investment will create more than 3,000 new high-technology jobs for Filipino engineers and technicians.
“We just finished a meeting with Samsung. And as you know, Samsung is already in the Philippines. They have employed 8,000 Filipinos in their very, very high-tech manufacturing plant,” Marcos told reporters at a press conference here.
“The products that they make in the Philippines are of the highest tech that you can imagine. And so that is very, very important for us,” Marcos said. “I met with them today and they asked me what we could help them with for an expansion in the Philippines.”
According to Marcos, the SEMPHIL investment is qualified to receive tax incentives under the CREATE MORE Act.
“They said because there is a CREATE MORE now… there are now incentives that make it easier for (them) to invest and to expand. That is their commitment,” Marcos said.
“They made a commitment of a little over P50 billion to expand. That translates into 3,000 new jobs. And again, the transfer of technology is going to be very important.”
Marcos witnessed the signing of a supplemental agreement between the Philippine Economic Zone Authority and SEMPHIL for the expansion plan.
The project enhanced the Philippines’ role in the global electronics and electric vehicle supply chain, the Presidential Communications Office said in a statement.
SEMCO, which is based in Suwon, Gyeonggi, manufactures and sells electronic products and components. Its product portfolio includes passive components such as multilayer ceramic capacitors, inductors, chip resistors, tantalum modules and assembled devices like camera modules and package substrates.
The conglomerate has manufacturing facilities, production plants, distributors and sales offices across Europe, the Americas and Asia Pacific.
Marcos also interacted with representatives of conglomerate DL Group, whose subsidiary, DL E&C, is partnering with Meralco to pursue small modular reactor (SMR) projects in the Philippines.
SMRs are compact nuclear plants that can generate clean and stable energy using less land and shorter construction periods than traditional facilities.
