Bilyonaryo
Cirtek Electronics Corp. expects sales production to increase by 20% after securing contracts from two major tier 1 customers.
Cirtek Electronics Corp. expects sales production to increase by 20% after securing contracts from two major tier 1 customers.
The company is scaling up production of new products called Quad Flat No Leads Package, which is widely used for high volume products like smart phones, PC and laptops, wireless communication and consumer electronics.
It is also expanding the production of intelligent power modules that will increase efficiency and reliability in energy power system, electric chargers for vehicles, power adapters and inverters.
Cirtek Holdings Philippines vice chairman Jorge Aguilar said: “The company is fortunate to be in an industry that is about to experience a revolutionary boom and we are very excited to take part in creating and shaping a new world as we emerge where technology and communications will be a main driving force as evidenced by this pandemic.”
Cirtek is set to roll out its 5G chipset for mass production. it sealed a multi-million dollar deal with a Texas based company for the manufacture of signal processing units and indoor radio frequency units that will be part of the system infrastructure that will be used for communication services for public safety, government, utilities, and industrial customers.
It also finalized a contract with a New York based company to mass produce radio frequency power modules for high speed data transmission for aerospace applications.
Semiconductor sales are projected to grow 8.4% this year with revenues reaching $469 billion.
Aug 17, 2021
Published by Malaya
Cirtek Holdings Philippines Corp. said it has successfully raised P1.37 billion in funding through a stock rights offer (SRO) where existing shareholders subscribed to 249.44 million shares at P5.50 per share.
The SRO entitled a shareholder to buy one share from the pool of shares made available for every 1.68 Cirtek shares it owns. The company also included in the share sale one detachable warrant for each shares bought, which its holder can use to buy additional Cirtek shares at a price of P5.50, starting on the 12th month after the stock rights offer and until the 36th m...
Read moreJul 02, 2021
by VG Cabuag Business Mirror
Laguna-based Cirtek Holdings Philippines Corp. on Wednesday said it secured the approval of the Philippine Stock Exchange Inc. (PSE) for the company’s stock rights offering (SRO) with bonus detachable warrants, which could yield P1.37 billion.
The company has set a final offer price of P5.50 per entitlement right and a final exercise price of P5.50 for the bonus detachable warrants.
Cirtek said it intends to list some 249.44 million in common shares for the rights shares and 249.44 million in detachable warrants with 249.44 million in underlying common shares.
Inve...
Read moreJan 13, 2025
Published by Bilyonary
Bilyonaryo Jerry Liu’s Cirtek Advanced Technologies and Solutions Inc. (CATSI) has been named the No. 1 contract manufacturer for evaluation boards by U.S.-based semiconductor firm Analog Devices Inc. (ADI) for the fourth quarter of 2024.
The recognition marks CATSI’s rise to the top spot after ranking third in the first half of the year and second in the third quarter, ADI said.
Evaluation boards are a critical business line for ADI, enabling the promotion of its analog, mixed-signal, and digital signal processing (DSP) integrated circuits (ICs) to electronic design com...
Read more