Global semiconductor firm to invest US$200 M in PH expansion plans
FILE PHOTO: Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. REUTERS/Florence Lo/Illustration/File Photo
WASHINGTON, D.C. — A global semiconductor company will invest US$200 million for its expansion plans in the Philippines, Malacañang announced on Wednesday.
The Presidential Communications Office (PCO) said Analog Devices, Inc. (ADI) will invest in a new research and development facility to add to its LEED certified production facility at Gateway Business Park in Cavite.
John Hassett, Senior Vice President and Chief Operating Officer of ADI, the company would continue to decide on the manufacturing aspects and change the manufacturing operation to focus more on current technology.
“So rather than the more basic stuff that may have been done 15, 20 years ago, we have continued to increase the level of technology that’s been introduced since the planning,”Hassett said in a meeting with President Ferdinand “Bongbong” Marcos Jr., as quoted by the PCO.
“So today you hear about 300 mm wafers, 12-inch wafers, in there. Well, those wafers now come down and we are setting up a 300-mm Center of Excellence in Cavite, which is doing all of the wafer programs and associated with our products,” he added.
These are some of the most advanced technology products that come in, get tested and processed at ADI’s Cavite plant, the official said.
He added that the company has moved at all stages to the technology part, both from development and manufacturing perspectives.
Marcos Jr. welcomed the expansion plans of ADI and thanked the company for its continued trust and investments in the country.
He also affirmed the support of his administration to ADI’s endeavors during a meeting with company officials at the Blair House here.
Established in 1965, ADI is a global semiconductor leader using Intelligent Edge.
It combines analog, digital, and software technologies into solutions that help drive advancements in digitized factories, mobility and digital healthcare, combat climate change, and reliably connect humans and the world, the PCO said.
In August 2021, ADI announced the completion of its acquisition of Maxim Integrated Products, Inc., strengthening its position as a high-performance analog semiconductor company with trailing 12-month revenue of over US$ 9 billion, industry leading margins, and free cash flow of over US$ 3 billion on a pro forma basis.
ADI’s Philippine counterpart, Analog Devices General Trias, Inc. (ADGTI), engages in the manufacture, assembly, semi-conductor devices testing and dice inspection.
ADGTI is registered with the Philippine Economic Zone Authority (PEZA) and is located at the Gateway Business Park – Special Economic Zone in General Trias City, Cavite.
As of 2022, ADGTI has 5,252 employees, with a total of US$ 394.39 million worth of exports in the same year.
ADGTI is also carrying out the ADI University Program in the Philippines, covering different activities providing engineering students with the opportunity to further develop the theory and application of analog circuit design.
It will now acquire the Philippine counterparts of Maxim – Maxim Philippines Operating Corp., as a result of the global ADI’s US$ 20.8 billion acquisition of Maxim Integrated Products, Inc.
The acquisition makes ADI one of the global industry leaders in IC electronics.
