Cirtek to raise the output of electronic parts by 20%

Jan 12, 2021

Cirtek to raise the output of electronic parts by 20%


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.

  • Oct 29, 2021

    SEC approves Cirtek’s preferred share issue

    Published by Philstar

    MANILA, Philippines — The Securities and Exchange Commission (SEC) has approved the public offering by Cirtek Holdings Philippines Corp. of up to P3.5 billion worth of preferred shares.

    In a meeting on Oct. 26, the SEC approved the registration statement of Cirtek covering 50 million preferred B-2 Subseries C and D shares at a price of P50 per share, with an oversubscription option of up to 20 million preferred shares.

    The listed tech manufacturer expects to net P3.44 billion from the offer, assuming the oversubscription option is fully exercised, proceeds of which will ...

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    MANILA, Philippines — Cirtek Holdings Philippines Corp., through its wholly owned subsidiary Quintel USA Inc., has bagged a new contract.

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    Jerry Liu gets SEC’s nod to proceed with Cirtek’s preferred share offer

    Published by Bilyonaryo

    The Securities and Exchange Commission (SEC) has approved the plan of Jerry Liu-led Cirtek Holdings Philippines Corp. to raise up to P3.5 billion from the sale of preferred shares.

    Cirtek is selling up to 70 million preferred shares at P50 per share.

    Net proceeds from the offering, amounting to P3.44 billion, will be used to refinance debt, pay down maturing obligations and support capital expenditure requirements.

    The offering will start on November 25 and will run until December 3, in time for the listing of the preferred shares on the Philippine Stock Exchange on Dec...

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