US chip firm ON Semiconductor seeking to expand PHL footprint

THE Department of Finance (DoF) said US chipmaker ON Semiconductor Corp. (onsemi) has floated plans to scaling its operations in the Philippines.

In a statement on Monday, the DoF said onsemi President and Chief Executive Officer Hassane El-Khoury discussed plans to expand at its current sites.

“The company highlighted its brownfield expansion strategy, focusing on scaling operations in locations where it has an established manufacturing footprint, positioning the Philippines for further investment,” the DoF said.

The company has been operating in the Philippines for 30 years with staffing of over 6,000. According to its website, the company’s three sites are in Carmona, Cavite, Tarlac City, and Cebu City.

Mr. El-Khoury said that onsemi’s operations in the Philippines support global demand for power chips that enable hyperscale data centers, artificial intelligence infrastructure and advanced storage systems.

“The continued support of the Philippine government has enabled onsemi to establish a strong presence in the Philippines as an integral part of our global manufacturing network,” he said, adding that the support has been instrumental in advancing the company’s business plans and long-term investments in the country.

Finance Secretary Frederick D. Go welcomed the company’s expansion strategy and reaffirmed the government’s support for reinvestment.

“The Marcos Jr. administration remains committed to creating an enabling environment where businesses can expand efficiently and competitively,” he said. “My office stands ready to assist businesses in accelerating their expansion plans in the Philippines.”

In a statement on Sunday, Mr. Go said he considers the semiconductor and electronics industry to be among the drivers of job creation in the Philippines, alongside business process outsourcing and renewable energy. — Justine Irish D. Tabile