Cirtek announces program to expand production by 20%

Jan 12, 2021

Cirtek announces program to expand production by 20%

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.

  • Jan 13, 2021

    Cirtek earns an outstanding ranking from the independent platform Philratings

    Cirtek earns an outstanding ranking from the independent platform Philratings

    CIRTEK Holdings Philippines Corp. has been given a PRS A mark by local debt monitor Philippine Rating Services Corp

    Read more
  • Jul 05, 2021

    Cirtek receives PSE nod for stock rights offer, warrants

    Business World

    CIRTEK Holdings Philippines Corp. received the approval of The Philippine Stock Exchange, Inc. (PSE) for its stock rights offering with bonus detachable warrants.

    The company said in regulatory filing on Wednesday that shareholders eligible to participate in the stock rights offering should pass the requisite documents and participate during the offer period scheduled on July 12 to July 22.

    Listing for both the rights shares and the bonus detachable warrants are tentatively scheduled for Aug. 16, while the ex-rights date and record date will be on July 2 and July 7, respectively...

    Read more
  • Jan 17, 2021

    Cirtek to hike output

    Cirtek to hike output

    MANILA, Philippines — Cirtek Electronics Corp will scale up its production and improve revenues

    Read more