SFA SEMICON Philippines Corp. (SSPC) opened its $51-million manufacturing facility in Clark Freeport Zone, Pampanga yesterday, where it plans to start producing the latest version of embedded multimedia cards (eMMC) found in tablets, smartphones, and GPS tracking systems.
In a disclosure to the stock exchange on Tuesday, SSPC said the new facility forms part of the second phase of its manufacturing building in Pampanga, and will have a gross manufacturing footprint of 18,000 square meters. The company targets to accommodate service contracts from new clients with the facility.
SSPC is the local manufacturing arm of Korean firm SFA Semicon Korea. The company has a business transaction agreement to supply its products to Samsung Electronics Co., Ltd. until May 2019.
“The Phase 2 expansion project reflects the commitment of Korea’s SFA Group to make SSPC its manufacturing hub in the region,” SFA Semicon Korea Chief Operating Officer Byeongchun Lee was quoted as saying in the disclosure.
Prior to the opening of the facility, SSPC was already the top export revenue earning locator in Clark Freeport Zone. It expects to further increase its export revenues with this expansion.
With the opening of the plant, SSPC said it will now start manufacturing the newest version of eMMC chips for which the company has invested $4.3 million.
SSPC described an eMMC chip as an advanced, high-performance NAND flash memory designed for mobile applications used in tablets, smartphones, GPS systems, eReaders, and other computing devices.
Aside from eMMCs, the company also produces DDR4 generation dynamic random access chips.
Shares in SSPC added eight centavos or 3.49% to end at P2.37 each at the Philippine Stock Exchange on Tuesday. — Arra B. Francia