SEC Approves Change of Corporate Name of PSPC

Clark Freeport Zone, Pampanga—(PHStocks)—The Securities and Exchange Commission (SEC) approved the change in corporate name of Phoenix Semiconductor Philippines Corp (PSE: PSPC) to SFA Semicon Philippines Corp. (PSE: SSP) effective May 25, 2017. The corporate name change was earlier ratified by the Company’s stockholders during the annual meeting held last April 21 and the amended […]
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PSPC Reports $50M in Revenues in 1Q 2017

Pampanga—(PHStocks)—In line with the recovery in the global semiconductor industry, Phoenix Semiconductor Philippines Corp. (PSE: PSPC) announced that gross revenues increased 22% to $50.08 million in the first three months of 2017 from the $41.05 million in the same period last year. The increase in revenues is due to the increase in the sale of […]
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PSPC Receives Power Subsidy Refund; Reinvests in Phase 2 Expansion Project

Pampanga—(PHStocks)—Publicly listed Phoenix Semiconductor Philippines Corp. (PSE: PSPC) received today May 5, 2017 payment of more than P668.60 million representing payment for arrears from the electric power discounts granted under Presidential Executive Order No. 856 that seeks to promote greater foreign investments in semiconductor and other power-intensive industries. Said amount covers the remaining part of […]
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PSPC Commences Commercial Production of New Mobile Memory Devices

Clark Freeport, Pampanga—(PHStocks)—Phoenix Semiconductor Philippines Corp. (PSE: PSPC) announced that it has successfully stabilized its commercial production of the new memory devices called the Embedded Multi-Media Card (eMMC). The company disclosed that the trial production in latter part of 2016 reached 2.8 million units. Planned production for the first quarter of 2017 is expected to total […]
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PSPC to Commence Phase 2 Semicon Plant Construction, Inks Project Management Contract

Pampanga—(PHStocks)—Publicly listed Phoenix Semiconductor Philippines Corp. (PSE: PSPC) recently signed project management agreement for the construction of its Phase 2 semiconductor manufacturing/assembly facilities with D. A. Silvestre & Associates (DASA), an architectural and engineering consulting firm. The agreement was signed by PSPC President and CEO Byeongchun Lee and Arch. Jose Danilo Silvestre, head of DASA. […]
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