Texas Instruments builds $1B facility at Clark
City of San Fernando, Pampanga -- From among other regional capitals in Asia, American giant company Texas Instruments (TI) chose to locate in the Philippines, specifically at the Clark Freeport.
There must be something special about us for TI to choose us over other more developed capitals in Asia, said President Gloria Macapagal-Arroyo when she recently led in the groundbreaking of the US$1B TI facility at the Clark Freeport, Pampanga.
"We have an updated education system and a labor force which speaks good English. And we are right in the center of the region, three hours away from any of the other capitals such as Tokyo, Singapore, Bangkok, Kuala Lumpur."
The President also said that TI is "our image model for demonstrating that the Philippines is the best place for investors to locate".
She referred to Trade and Industry Secretary Peter Favila as the "personification that we are cutting red tape for investors" when Favila headed the team which led to TI setting up its base in Clark.
Kevin Ritchie, Senior Vice President for Technology of TI, disclosed that their company has a long history in the Philippines, having been situated in Baguio for the last 27 years.
He thanked the Favila-led team, the local officials, the US Embassy officials and TI employees who have all contributed to negotiations leading to TI locating in the Clark facility and expansion of its Baguio plant.
Ritchie said that TI will be opening 6,000 jobs by next year and for this, they shall be needing "specialized and highly skilled personnel" to man its semi-conductor operations.
As an immediate response to this need, Emmanuel Angeles of the Angeles University Foundation has offered to re-engineer the university curriculum to suit the manpower needs of TI.
The President expressed her appreciation of Angeles's proposal and made him a member of the nine-member task force formed to update the educational system – three members from government and five from the private sector.
In addition to TI, the President mentioned other big companies who have invested in the country: Marubeni which has purchased $1B power plant, Sun Power, $400M worth of solar panels and Asahi is coming in as well, with one investor triggering another.
"This is clear proof that the Philippines is now recognized worldwide as a good business environment, getting even better," the President declared.
She also instructed Narciso Abaya, chair of the Bases Conversion and Development Authority (BCDA), to build an interchange between the Angeles City and Porac border and to ensure that the Subic-Clark-Tarlac Expressway Project (SCTEp) can best serve not only investors but residents of Central and North Luzon as well. This was an offshoot of her meeting with local officials in Pampanga prior to the TI groundbreaking.
The President urged all sectors to continue contributing to a healthy business environment to ensure the coming in of TI-type investments.
Present during the groundbreaking activity were Favila, Pampanga Governor Ed Panlilio, Rep. Aurelio "Dong" Gonzales of the province's third district, Rep. Carmelo "Tarzan" Lazatin, first district, Mabalacat Mayor Marino "Boking" Morales, officials of the Clark Development Corporation (CDC) and TI. (by Eloisa P. Galang PIA-Pampanga)
There must be something special about us for TI to choose us over other more developed capitals in Asia, said President Gloria Macapagal-Arroyo when she recently led in the groundbreaking of the US$1B TI facility at the Clark Freeport, Pampanga.
"We have an updated education system and a labor force which speaks good English. And we are right in the center of the region, three hours away from any of the other capitals such as Tokyo, Singapore, Bangkok, Kuala Lumpur."
The President also said that TI is "our image model for demonstrating that the Philippines is the best place for investors to locate".
She referred to Trade and Industry Secretary Peter Favila as the "personification that we are cutting red tape for investors" when Favila headed the team which led to TI setting up its base in Clark.
Kevin Ritchie, Senior Vice President for Technology of TI, disclosed that their company has a long history in the Philippines, having been situated in Baguio for the last 27 years.
He thanked the Favila-led team, the local officials, the US Embassy officials and TI employees who have all contributed to negotiations leading to TI locating in the Clark facility and expansion of its Baguio plant.
Ritchie said that TI will be opening 6,000 jobs by next year and for this, they shall be needing "specialized and highly skilled personnel" to man its semi-conductor operations.
As an immediate response to this need, Emmanuel Angeles of the Angeles University Foundation has offered to re-engineer the university curriculum to suit the manpower needs of TI.
The President expressed her appreciation of Angeles's proposal and made him a member of the nine-member task force formed to update the educational system – three members from government and five from the private sector.
In addition to TI, the President mentioned other big companies who have invested in the country: Marubeni which has purchased $1B power plant, Sun Power, $400M worth of solar panels and Asahi is coming in as well, with one investor triggering another.
"This is clear proof that the Philippines is now recognized worldwide as a good business environment, getting even better," the President declared.
She also instructed Narciso Abaya, chair of the Bases Conversion and Development Authority (BCDA), to build an interchange between the Angeles City and Porac border and to ensure that the Subic-Clark-Tarlac Expressway Project (SCTEp) can best serve not only investors but residents of Central and North Luzon as well. This was an offshoot of her meeting with local officials in Pampanga prior to the TI groundbreaking.
The President urged all sectors to continue contributing to a healthy business environment to ensure the coming in of TI-type investments.
Present during the groundbreaking activity were Favila, Pampanga Governor Ed Panlilio, Rep. Aurelio "Dong" Gonzales of the province's third district, Rep. Carmelo "Tarzan" Lazatin, first district, Mabalacat Mayor Marino "Boking" Morales, officials of the Clark Development Corporation (CDC) and TI. (by Eloisa P. Galang PIA-Pampanga)
Labels: clark, sctep, texas instrument
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