Daily Tribune
By Jun Yap
Cirtek Electronics Corporation on Monday said it will scale-up its production and improve revenues starting in the first quarter of 2021 with two major “tier 1” customers for the full turnkey services of its new products called Quad Flat No Leads Package (QFN).
In a statement to the Philippine Stock Exchange, Cirtek said the QFN package type is widely-used for high volume products like smart phones, personal computers and laptops, wireless communication and consumer electronics.
It explained that these devices are predicted as major factors that will boost the global semiconductor industry growth for 2021.
According to Cirtek, the second major capacity expansion involves a global semiconductor company, based in California, United States, which is 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, among others.
Both businesses may contribute an additional volume of a production increase by 20 percent. While World Semiconductor Trade Statistics predicts that semiconductor sales will accelerate to 8.4 percent growth for 2021, reaching $469 billion in revenues.
With this, Cirtek Advanced Technology and Solutions is excited to roll out its 5G chipset for mass production.
During the mid-2020, Cirtek Advanced Technologies and Solutions Inc. finalized a multi-million project 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 said that such a solution will allow for the transport of mission critical voice, data, and video reliably, efficiently and securely.
Jul 02, 2021
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...
Read moreJul 14, 2021
Published By Revin Mikhael D. Ochave Business World
A UNIT of technology company Cirtek Holdings Philippines Corp. has extended a master supply agreement with two telecommunication companies in North America.
Cirtek said in a regulatory filing on Monday that the agreement between its telecom base station antenna unit Quintel USA, Inc. and two unnamed carriers provides for a business extension of another five years.
“This comes at a time following a series of new product introductions released by Quintel when fifth generation (5G) is at an inflection point,” Cirtek said.
“Quintel’s 5G products ...
Read moreOct 28, 2021
Published by Manila Times
THE Securities and Exchange Commission (SEC) has cleared the P3.5-billion preferred shares offering of tech manufacturer, Cirtek Holdings Philippines Corp.
The commission on Wednesday said it has approved Cirtek's registration statement in its meeting on October 26.
The registration statement covers 50 million preferred B-2 Subseries C and D shares priced at P50 apiece, with an oversubscription option of up to 20 million shares.
Cirtek looks to raise up to P3.44 billion from the offer, which will refinance the company's existing debt, partially pay its maturing debt a...
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