Philips Philippines sees 20% growth

Semiconductor exports of Dutch-owned Philips Philippines is expected to grow by 20 percent this year from its billion exports last year as the local manufacturing operation continues to improve its production capacity.

But for the total Philips Group of Companies in the country, the group expects to grow by 12 percent over last year’s.

Steven Brader, vice president and general manager of Philips Semiconductor in the Philippines, told reporters at the launched of the company’s two-day 50th anniversary celebration on August 29-30.

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