Samsung Electro-Mechanics Will Accelerate Construction of New MLCC Factory in the Philippines

TechFlow News, August 04, according to recent reports from Korean media, Samsung Electro-Mechanics plans to begin operations of its new Multilayer Ceramic Capacitor (MLCC) factory located in the Philippines at the end of the first quarter of next year. The company began negotiations with the local government on investment terms at the end of last year, taking only 15 months to date. Analysts stated that this move marks the full launch of Samsung Electro-Mechanics' "order-linked rapid expansion" strategy, which aims to actively accelerate mass production by leveraging long-term agreements (LTA) signed with global large technology companies. (Jin10)