President Ferdinand “Bongbong” Marcos Jr. has confirmed that South Korean tech giant Samsung will invest ₱50.7 billion to expand its operations in Calamba, Laguna, a move seen to strengthen investor confidence and generate thousands of new jobs in the country.
Speaking at a “Kapihan” press briefing, Marcos said the expansion is projected to create around 3,000 jobs and further position the Philippines as a competitive hub for high-tech manufacturing in Asia.
He credited the government’s fiscal reforms—particularly the CREATE Act—for enabling such major investments to take root.
“Samsung has already employed 8,000 Filipinos in their very high-tech manufacturing plant. They asked me if we could help them with their expansion in the Philippines. Mabuti na lang meron nang CREATE MORE, which qualifies large investments for tax exemptions,” the President said.
Marcos described Samsung’s new investment as “a vote of confidence” in the country’s economic environment and governance reforms.
During the Asia-Pacific Economic Cooperation (APEC) Summit in South Korea, the President also witnessed the signing of a supplemental agreement between the Philippine Economic Zone Authority (PEZA) and Samsung Electro-Mechanics Philippines Corporation (SEMPHIL).
Malacañang said the deal “reaffirmed the Philippines’ dedication to nurturing a competitive and investor-friendly environment for high-technology industries.”
Beyond job creation, the investment is expected to facilitate technology transfer, workforce training, and collaborative research and development with local universities.
Marcos emphasized that partnerships like this strengthen the country’s push toward a more innovative and future-ready economy.
“This investment is not only about numbers—it’s about our people, our skills, and our future,” he added.