Philippine Star
Iris Gonzales (The Philippine Star )
MANILA, Philippines — Cirtek Electronics Corp will scale up its production and improve revenues starting in the first quarter of the year.
Cirtek vice chairman Jorge Aguilar said the company is fortunate to be in an industry that is about to experience a revolutionary boom.
“We are very excited to take part in creating and shaping a new world as we emerge where technology and communications will be a main driving force as evidenced by this pandemic,” he said.
In a disclosure, Cirtek said it would strengthen production of the so-called Quad Flat No Leads Package (QFN), a package type widely used for high volume products like smart phones, PC and laptops, wireless communication and consumer electronics.
These devices are predicted as major factors that will boost the global semiconductor industry growth for 2021, Cirtek said.
The second major capacity expansion involves a California-based global semiconductor company, focused on high power transistors and modules for high-voltage power conversion applications.
The product is seen increasing efficiency and reliability in energy power systems, electric chargers for electric vehicles, power adapters and inverters.
Both businesses may contribute an additional volume of a production increase by 20 percent.
Quintel USA Inc. is also projected to release a new line of C-Band antenna family early this year following a successful auction in 2020 when the US Federal Communications Commission (FCC) released its latest 5G spectrum for sale making available 280MHz of prime mid-band frequencies in the 3.7-3.98GHz range, a portion of the new 5G C-band.
Moving forward, Quintel is poised to capture the next revolution in telecom and connectivity known as 5G.
“Quintel’s new antenna models will incorporate 5G bands to allow usability of new handsets already equipped with 5G capability while also addressing the inter-modulation distortion challenges associated with multiband communications such as when 5G networks are overlaid over 4G LTE, 3G and 2G infrastructure creating tremendous interference for operators therefore losing capacity, airtime and revenue,” Cirtek said.
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 moreJul 05, 2021
By Maria Romero Tribune PH
Laguna-based Cirtek Holding Philippines Corporation has secured approval from the Philippine Stock Exchange (PSE) for its stock rights offer (SRO) with bonus detachable warrants.
In a regulatory filing on Wednesday, Cirtek said it has also set its final offer price at P5.50 per Entitlement Right and final Exercise Price at P5.50 for the bonus detachable warrants.
The company intends to list 249 million common shares or right shares and another 249 million bonus detachable warrants with 249 million underlying common shares.
Investors who hold common shares of the comp...
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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