Business World
CIRTEK ELECTRONICS Corp. plans to increase local production by 20% as it partners with major customers to provide parts for consumer electronics and electric charger products.
In a statement on Monday, Cirtek said that it will be providing services to develop a semiconductor package widely used for smart phones, personal computers, laptops, wireless communications, and other consumer electronics.
“These devices are predicted as major factors that will boost the global semiconductor industry growth for 2021,” Cirtek said.
The firm will also be working with an American company on high power transistors that will “increase efficiency and reliability” of energy power systems and chargers for electric vehicles, power adapters, and inverters.
Cirtek plans to scale up its production starting in the first quarter of 2021.
Electronics exports industry group Semiconductor and Electronics Industries in the Philippines, Inc. (SEIPI) in November announced that it revised its 2020 projection to a five percent decline, from the earlier forecast of 15% decline after industrial, consumer, mobility, and medical electronics demand increased.
The industry group expects 7% growth for 2021.
Shares in Cirtek jumped 11.8% or 87 centavos to P8.24 each on Monday. — Jenina P. Ibañez
Jul 14, 2021
Published By VG CABUAG BusinessMirror
Quintel USA Inc., a unit of Laguna-based Cirtek Holdings Philippines Corp., on Monday said it has extended its master supply agreement with two major leading carriers in North America.
The extension of the agreement allows Quintel another 5 years of secured business with these two telcos, the firm said.
“Quintel is poised to grow its business in the near to medium term as evidenced by the relevance of its pioneering products that has been well received by our customers. Our products allow carriers to stay ahead of their game and maximize 5G services in the...
Read moreSep 16, 2020
Cirtek Holdings Philippines Inc. said US-based subsidiary Quintel bagged a telecommunications contract
Read moreAug 16, 2021
Publishehd by Rappler
WHAT YOU NEED TO KNOW
Buy, sell, or hold? Who are the top gainers? How about the biggest losers? Are the bulls winning over the bears? Which company is going public next?
Bookmark and refresh this page for the latest news and analysis on stock market movers, corporate and financial news, business deals, and the economy in the Philippines.
LATEST UPDATES
Peso-dollar exchange rate - August 19, 2021 RAPPLER.COM
Most active stocks and PSEi closing - August 19, 2021 RAPPLER.COM
Bangko Sentral to accept digital bank applicants only until August 31
The Bangko Sentral ng Pilipina...
Read more