Samsung eyes $1-B PH manufacturing facility
South Korean multinational electronics giant Samsung plans to invest $1 billion in a manufacturing facility in the country, economic czar Frederick Go announced last week.
Go, special assistant to the President for investment and economic affairs, said the planned venture was “under process,” with the government finalizing incentives to support the large investment.
“I believe they’re rushing the interagency discussions,” Go told reporters in an interview in Makati last week.
READ: Samsung Electronics posts 129.85% jump in Q4 operating profit
He expressed hope that the discussions would be finalized within the first half of the year.
Samsung’s presence would help position the Philippines as a key player in the global supply chain, attracting more multinational companies to set up operations here.
Additionally, the move aligns with the government’s push to enhance the local manufacturing industry and solidify the country’s role as a competitive hub for technology and innovation in Southeast Asia.
Samsung manufactures a wide range of products, including smartphones, tablets, televisions, home appliances and semiconductor components.
As one of the world’s largest electronics companies, it is best known for its Galaxy series of smartphones and tablets, which compete directly with Apple’s iPhone and iPad.
Appliances
In addition to consumer electronics, Samsung is a major producer of memory chips, processors and display panels, supplying key components to other tech giants.
The company also manufactures household appliances such as refrigerators, washing machines and air-conditioners, reinforcing its strong presence in both consumer and industrial markets worldwide.
The Marcos government is keen on luring more investments in the job-generating manufacturing sector, in part through measures such as the Corporate Recovery and Tax Incentives for Enterprises Act that streamlined incentives and the approval process for big-ticket projects.
Local manufacturing output reached its highest level in six months in January, driven by increased bank lending following recent interest rate cuts.
According to the Philippine Statistics Authority, the Volume of Production Index—a key measure of factory output— grew by 3.2 percent year-on-year in the first month of 2025. INQ
