U.S.-based Texas Instruments, the world's biggest maker of mobile phone chips, will build a second production plant in the Philippines for $1 billion, a cabinet minister said. The company currently has a 25-hectare complex in Baguio City in the northern Philippines.
The Baguio plant has undergone at least four expansion projects since its establishment in the 1970s and can no longer accommodate further expansion. The Baguio plant manufactures digital signal processors and digital light processors for cell phones and liquid crystal displays.