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.
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Published by Malaya
Cirtek vaccination drive
Cirtek Holdings Philippines Corp. has extended its support to facilitate the drive to have majority of its employees vaccinated against COVID-19.
The company worked with Laguna Technopark’s vaccination facility by fielding its own set of medical volunteers, giving its employees easier access to a vaccination facility directly adjacent to the company’s facility.
This drove the workforce’s vaccination rate to 99.7 percent at present. The company’s medical team is moving forward to provide booster shots.
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Published by Philstar
MANILA, Philippines — The Securities and Exchange Commission (SEC) has approved the public offering by Cirtek Holdings Philippines Corp. of up to P3.5 billion worth of preferred shares.
In a meeting on Oct. 26, the SEC approved the registration statement of Cirtek covering 50 million preferred B-2 Subseries C and D shares at a price of P50 per share, with an oversubscription option of up to 20 million preferred shares.
The listed tech manufacturer expects to net P3.44 billion from the offer, assuming the oversubscription option is fully exercised, proceeds of which will ...
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