Cirtek to hike production

Jan 12, 2021

Cirtek to hike production

Malaya Business Insight

Cirtek Electronics Corp. will scale-up its production by 20 percent this year resulting to improved revenues.

Cirtek said the expansion of production involves two major tier 1 customers for the full turnkey services of their new products called Quad Flat No Leads Package (QFN).

QFN package type is widely used for high volume products like smart phones, PC and laptops, Wireless communication, and consumer electronics.

These devices are predicted as major factors that will boost the global semiconductor industry growth for 2021.

The second major capacity expansion involves a global semiconductor company, based in California focused on Gallium Nitride (GaN) 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, etc.

The company cited predictions of the World Semiconductor Trade Statistics (WSTS) which said semiconductor sales will accelerate to 8.4 percent growth in 2021, reaching $469 billion in revenue.

“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,” said Jorge Aguilar, Cirtek vice chairman.

Aguilar meanwhile said Cirtek unit Cirtek Advanced Technology and Solutions Inc is set to roll out its 5G chipset for mass production

Cirtek Advanced Technologies last year signed a multi-million project with a Texas based company for the manufacture of signal processing units and indoor radio frequency units used for communication services for public safety, government, utilities, and industrial customers.

“Such a solution will allow for the transport of mission critical voice, data, and video reliably, efficiently, and securely. In addition, recently also finalized contract manufacturing services with a New York based company to mass produce radio frequency power modules for high speed data transmission for aerospace applications. These power modules will help provide solutions to challenging problems from deep space to depths of the ocean and serve customers in the defense, space and satellite, security, industrial, and medical industries,” Aguilar said.

  • Jul 05, 2021

    Cirtek receives PSE nod for stock rights offer, warrants

    Business World

    CIRTEK Holdings Philippines Corp. received the approval of The Philippine Stock Exchange, Inc. (PSE) for its stock rights offering with bonus detachable warrants.

    The company said in regulatory filing on Wednesday that shareholders eligible to participate in the stock rights offering should pass the requisite documents and participate during the offer period scheduled on July 12 to July 22.

    Listing for both the rights shares and the bonus detachable warrants are tentatively scheduled for Aug. 16, while the ex-rights date and record date will be on July 2 and July 7, respectively...

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  • Jan 13, 2021

    Cirtek earns an outstanding ranking from the independent platform Philratings

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    CIRTEK Holdings Philippines Corp. has been given a PRS A mark by local debt monitor Philippine Rating Services Corp

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  • Jul 02, 2021

    PSE approves Cirtek’s P1.37-b rights offering

    By Jenniffer B. Austria Manila Standard

    Cirtek Holdings Philippines Corp. obtained the approval of Philippine Stock Exchange Inc. on its planned P1.37-billion stock rights offering with bonus detachable warrants.

    Cirtek said in a disclosure to the stock exchange it set the final price of the rights offering at P5.50 and the final exercise price for the bonus detachable warrants at P5.50.

    The company plans to issue and list 249.44 million rights shares and another 249.44 million bonus detachable warrants with 249.44 million underlying common shares.

    Investors who hold common shares of Cirtek as...

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