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 MANILA, Philippines (AP) - U.S. semiconductor company Texas Instruments Inc. said Thursday it plans to invest about $1 billion over 10 years in a new test and assembly facility in the Philippines.
The new facility, Texas Instruments' second in the country, will be located on a 19-acre site in Clark Freeport Zone, a former U.S. Air Force base northwest of Manila.
Construction will start in the second half of this year and initial production will begin later next year, officials said.
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