Corporate History

 

For almost three decades, CIRTEK has provided turnkey solutions to its roster of clients who have remained loyal since the company’s inception in 1984.  The milestones charted by its subsidiaries attest to this.

 

Cirtek Electronics Corporation

May 31, 1984 was when Cirtek Electronics Corporation (CEC) was officially incorporated with the Securities and Exchange Commission, primarily to engage in the business as independent subcontractor for semiconductor assembly, test and packaging services.

CEC was likewise registered with the Board of Investments (BOI) under Presidential Decree No. 1789, as amended by Batas Pambansa Blg. 391.  It is a preferred pioneer enterprise for the manufacture and export of integrated circuits.  As a registered enterprise, CEC is entitled to certain tax and non-tax incentives provided for in PD 1789.

 

Customer Growth

On March 24, 1998, the Philippine Economic Zone Authority (PEZA) approved CEC’s registration as an ecozone export enterprise at the Laguna Technopark for the manufacture of standard integrated circuits, discrete, hybrid and potential new packages.  Beginning October 30, 2002, the manufacture and export of integrated circuits, discrete and hybrid transferred to PEZA from BOI and became subject to the 5% gross income tax incentive, as defined under Republic Act No. 7916, the law creating the PEZA.

On April 20 2011, the Company filed an application with the PEZA for income tax holiday on its new products.  The new products will be used as components for smart phones, automotive sensor applications, battery chargers and industrial applications.

 

Cirtek Electronics International Corporation

CEIC was incorporated under the International Business Companies Act of the British Virgin Islands on April 4, 1995.  CEIC primarily sells integrated circuits principally to the United States of America, and subcontracts the production of the same to CEC.