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.
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 moreAug 18, 2020
There are a few selected stocks that have managed to outperform the PSE Index.
Read moreJul 14, 2021
Published By Maria Romero Daily Tribune
Quintel USA Inc., the United States-based unit of Philippine Stock Exchange-listed firm Cirtek Holdings Philippines Corp., has extended a master supply agreement with two telecommunication companies in North America.
In a disclosure, Cirtek said the agreement between Quintel USA 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.
It added, “Quintel’s 5G products are pre...
Read more