THE EUROPEAN Investment Bank has announced that it is lending US$80 million to Philips Semiconductors Philippines Inc., (PSPI), a subsidiary of the Dutch electronics giant Philips, which will guarantee the loan. The money will help the Asian operation construct a second integrated circuits assembly and test facility in Calamba, Philippines. The project would more than double the capacity of the existing production plant. It is hoped that the new building will be completed by the end of this year, with machinery being gradually installed ...

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