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.
Jan 12, 2021
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.Read more
Aug 16, 2021
Published by Daily Tribune
Cirtek Holdings Philippines Corporation (TECH) has raised P1.37 billion from the stock price offering of 249 million shares on Monday.
The company intends to use the proceeds from the offer to partially retire its short-term obligations and refinance the working capital of its subsidiaries, Quintel USA, Cirtek Electronics Corp. (CEC), and Cirtek Advanced Technologies and Solutions, Inc. (CATSI).
“I understand that Cirtek is eyeing new markets that would expand the product portfolio of its subsidiaries. With these activities, Cirtek’s units are well-positioned to bene...Read more
Jul 05, 2021
When Brian Liu stepped up to the role of CFO at electrical component manufacturer Cirtek Holdings Philippines Corporation in the middle of 2020, the world was undergoing intense upheaval as the maelstrom of the COVID-19 pandemic swirled.
Lockdowns, and production and logistical issues became commonplace around the world. So how did he tackle this huge new opportunity amid such turbulent times? The promotion from his former position as Executive Vice President at Cirtek Electronics, a Cirtek subsidiary, came as something of a surprise, Brian tells The CEO Magazine.
But while he...Read more