Manila Standard
by Jenniffer B. Austria
Cirtek Holdings Philippines Corp. said Monday unit Cirtek Electronics Corp. will expand production capacity in the first quarter to boost revenues.
CHPC said in a disclosure to the stock exchange it would increase production of two major semiconductor customers to raise the group’s total output by 20 percent.
It said the first capacity expansion was for a new product called Quad Flat No Leads Package, which is widely used for high-volume products like smart phones, PC and laptops, wireless communication and consumer electronics. These devices are seen as major factors that will boost the global semiconductor industry growth for 2021.
The second major capacity expansion involves a global semiconductor company based in California which focuses 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.
CHPC said unit Cirtek Advanced Technology and Solutions Inc. would also roll out its 5G chipset for mass production. CATSI, in the middle of 2020, 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 to be used for communication services for public safety, government, utilities and industrial customers.
The solution will allow for the transport of mission critical voice, data and video reliably, efficiently and securely.
It also finalized contract manufacturing services with a New York-based company to mass produce radio frequency power modules for high-speed data transmission for aerospace applications.
“The company is fortunate to be in an industry that is about to experience a revolutionary boom, and 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,” Cirtek vice president Jorge Aguilar said.
Jul 09, 2021
Cirtek Holdings Philippines Corp. (Cirtek) has entered into a multi-million project
Read moreDec 03, 2021
Published by The Manila Times
LISTED Cirtek Holdings Philippines Corp. on Thursday said it received its permit to sell and order of registration of securities from the Securities and Exchange Commission for its preferred shares offering.
In a disclosure to the exchange, the company said it is set to offer up to 50 million cumulative, non-participating, non-voting, non-convertible perpetual and redeemable peso-denominated Preferred Class B-2 Shares with a par value of P1 each priced at P50 apiece.
The shares will be issued as Preferred Class B-2 Subseries C or D Shares.
Cirtek expects to raise ...
Read moreDec 03, 2021
Published by Inquirer.net
Electronics manufacturer Cirtek Holdings Philippines Corp. is set to conclude today, Dec. 3, the public offering of as much as P2.5 billion worth of perpetual preferred shares, proceeds from which will be used to refinance debt and fund the expansion of key subsidiaries.
Cirtek’s preferred shares have two series: one with a synthetic maturity of three years carrying an interest rate of 6.5864 percent per annum, and another with a synthetic maturity of five years carrying an interest rate of 7.7506 percent per annum.
Higher divident rate The synthetic maturity means th...
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