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.
Dec 02, 2021
Published by Manila Bulletin
Cirtek Holdings Philippines Corporation (TECH) has set the size of its ongoing public offering of its preferred shares to a maximum of P2.5 billion.
The firm said in a disclosure to the Philippine Stock Exchange that it has started the primary offering of up to 50 million cumulative, non-participating, non-voting, non-convertible perpetual and redeemable peso-denominated Preferred Class B-2 Shares at an offer price of P50.00 per share.
The final offer structure consists of P1.5 billion in aggregate issue value, consisting of up to 30 million Preferred Class B-2 Sha...
Read moreAug 16, 2021
Published by Manila Standard
Semiconductor manufacturer Cirtek Holdings Philippines Corp. said Monday it raised P1.37 billion from its stock rights offering. Cirtek said in a disclosure to the stock exchange it listed 249.442 million common shares sold by way of rights offering at P5.50 per share. Shareholders as of July 1 were entitled to purchase 1 share for every 1.68 common shares owned. The shares came with 249.442 million bonus detachable warrants that will be issued free of charge to the investors and as part of the subscription to the entitlement rights. Each bonus detachable warrant e...
Read moreAug 17, 2021
Published by Business World
CIRTEK Holdings Philippines Corp. has listed 249.44 million common shares in the local bourse, and will issue bonus detachable warrants of the same number, the company said on Monday.
In a press release, Cirtek Holdings said that the common shares sold through a stock rights offer are at an offer price of P5.50 per entitlement right each. The company set the ratio at one entitlement right for every 1.68 common shares.
Meanwhile, the company said that it is also issuing bonus detachable warrants which are free-of-charge to the investor. “[The warrants] shall be issue...
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