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The company was founded in 1988 and is based in Laguna, the Philippines. PSi Technologies operates as a subsidiary of Integrated Micro-Electronics, Inc. [1] PSi owns 40% of PSiTech Realty, the holding company of Pacsem Realty, which is a real estate company that acquires, holds, develops and disposes any real estate or interest acquired. [2]
Real estate in itself has been measured as a contributing factor to the rise in green house gases. According to the International Energy Agency, real estate in 2019 was responsible for 39 percent of total emissions worldwide and 11 percent of those emissions were due to the manufacturing of materials used in buildings. [18]
Under Velasco, swimmers from rival group PSL, were able to take part in the PSI sanctioned 2019 PSI Grand Prix. [9] The Philippines would end its gold medal drought at the Southeast Asian Games since 2009, with a medal by James Deiparine in the 2019 edition hosted at home. [10] [11] Velasco would win a new four-year term in April 2022. [12]