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3 months ago
BRIEF-Phoenix Semiconductor Philippines receives power subsidy refund
May 5, 2017 / 7:56 AM / 3 months ago

BRIEF-Phoenix Semiconductor Philippines receives power subsidy refund

1 Min Read

May 5 (Reuters) - Phoenix Semiconductor Philippines Corp

* Received payment of more than 668.60 million pesos representing payment for arrears from electric power discounts

* Shall reinvest amount into phase 2 expansion project to multiply semiconductor assembly production capacity

* Phase 2 facility shall start ramp-up of equipment by sept for target trial production runs for non-samsung customers before 2017- end Source text for Eikon: Further company coverage:

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