PinoyDesk
By Juan Castro
CIRTEK ELECTRONICS Corp. aims to raise local production by 20% when it works with global consumers to provide consumer electronic components and electrical charger products.
In a statement on Monday, Cirtek announced that it will provide services to build a semiconductor kit commonly used for mobile phones, personal computers, tablets, wireless communications, and other consumer electronics.
“These products are expected to be significant drivers that will fuel the development of the global semiconductor industry by 2021,” said Cirtek.
The firm would also collaborate with an American corporation on high-powered transistors that will “increase performance and stability” of power systems and chargers for electric cars, power adapters and inverters.
Cirtek plans to ramp up its production from the first quarter of 2021.
Electronics exports business company Semiconductor and Electronics Companies in the Philippines, Inc. (SEIPI) reported in November that it had revised its 2020 estimate to a five per cent decrease from the previous prediction of a 15 per cent decrease following a rise in demand for automotive, residential, mobility and medical electronics.
The business association predicts a rise of 7% for 2021.
Aug 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 moreJul 05, 2021
By Faye Almazan The Manila Times
Listed Cirtek Holdings Philippines Corp. on Wednesday said the Philippine Stock Exchange Inc. (PSE) has approved its stock rights offering (SRO) with bonus detachable warrants.
In a disclosure to the exchange, the company said the PSE approved its listing application last June 23.
Cirtek intends to list 249.44 million common shares and 249.44 million Bonus Detachable Warrants, with 249.44 million underlying common shares.
The firm said it has set the final offer price of its SRO at P5.50 and the final exercise price of its bonus detachable warrants also at P5.5...
Read moreSep 16, 2020
The Silicon Valley unit of electronics manufacturer Cirtek Holdings Philippines Corp. has bagged a new deal to supply antenna solutions
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