PBBM secures P50.7-B Samsung expansion; eyes small nuclear plants
Philippine News Agency
By Darryl John Esguerra
November 1, 2025, 5:31 pm
BUSAN, South Korea -- President Ferdinand R. Marcos Jr. is ramping up his industrial and energy modernization push, securing new high-technology and clean energy projects from top South Korean conglomerates on the sidelines of the 2025 APEC Summit.
During a top-level meeting with Samsung Electro-Mechanics Co., Ltd. (SEMCO) on Saturday, Marcos witnessed the signing of a Supplemental Agreement between the Philippine Economic Zone Authority (PEZA) and Samsung Electro-Mechanics Philippines Corp. (SEMPHIL).
The deal paves the way for a PHP50.7 billion expansion of Samsung's manufacturing operations in Calamba, Laguna, which is expected to generate more than 3,000 high-technology jobs for Filipino engineers and technicians.
The President also met with executives of DL Group, whose subsidiary DL E&C is partnering with Meralco to explore small modular reactor (SMR) projects in the Philippines - compact nuclear plants designed to safely produce clean, stable energy using less land and shorter construction timelines than conventional facilities.
SEMCO's planned business expansion directly supports the President's goal of transforming the nation into a regional manufacturing and innovation hub. (PNA)
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