The Manila Times By Faye Almazan
Cirtek Electronics Corp. looks to expand its production and increase its revenues with two major tier 1 customers for the full turnkey services of their new products, Quad Flat No Leads Package (QFN).
In a statement on Monday, the firm’s holding company, Cirtek Holdings Philippines Corp. (CHPC), said the QFN package is used for high volume products like smartphones, personal computers and laptops.
The firm said the devices are expected to be the main drivers of the global semiconductor industry for the year.
“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,” CHPC Vice Chairman Jorge Aguilar was quoted as saying in the statement.
Cirtek added that the second major capacity expansion involves a US-based global semiconductor company focused on gallium nitride high-power transistors and modules for high-voltage power conversion applications.
“The product is for intelligent power modules that will increase efficiency and reliability in energy power system, electric chargers for electric vehicles, power adapters and inverters,” the company explained.
Cirtek sees both businesses contributing an additional volume of production increase by 20 percent.
It also cited the World Semiconductor Trade Statistics, which predicts semiconductor sales to accelerate by 8.4 percent in 2021 to reach a revenue of $469 billion.
Meanwhile, Quintel USA Inc. is expected to release a new line of C-Band antenna family early this year.
This is following a successful auction last year when the US Federal Communications Commission (FCC) released its latest 5G (fifth-generation) spectrum for sale, making available 280 megahertz of prime mid-band frequencies in the 3.7- to 3.98-gighertz range, a portion of the new 5G C-Band.
“Having been focused the entire 2020 on research and development, as well as new product introductions, Quintel is poised to capture the next revolution in telecom and connectivity known as 5G,” Cirtek said.
Cirtek Advanced Technology and Solutions, on the other hand, looks to roll out its 5G chipset for mass production.
Shares of CHPC rose 87 centavos or 11.8 percent to close at P8.24 each on Monday.
Aug 16, 2021
Published by Business Mirror
Cirtek Holdings Philippines Corp. on Monday listed on the Philippine Stock Exchange (PSE) 249.44 million in common shares that carry a detachable warrant, which the company sold via a stock rights offering (SRO).
The said shares were sold at P5.50 per share, or a total of P1.37 billion.
Cirtek shares were last traded at P4.60 apiece.
In his welcome message, PSE president and CEO Ramon S. Monzon cited the competitive environment of the technology solutions space given the rapid advancement in this field and expressed optimism over Cirtek’s plans for its subsidiaries...
Read moreSep 15, 2020
The US unit of Laguna-based Cirtek Holdings Philippines Corp. on Tuesday said it bagged a deal for a master purchase agreement with one of the top 5 wireless carriers in North America.
Read moreOct 27, 2021
Published by Business Mirror
The Securities and Exchange Commission (SEC) has approved Cirtek Holdings Philippines Corp.’s public offering of up to P3.5 billion worth of preferred shares.
In its en banc meeting, the agency approved the registration statement of Cirtek covering 50 million preferred B-2 Subseries C and D shares at an offer price of P50 per preferred share, with an oversubscription option of up to 20 million preferred shares.
The preferred shares will be listed and traded on the Main Board of the Philippine Stock Exchange (PSE).
The Laguna-based manufacturer expects to net P3.44 ...
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