Cirtek bullish on 2021, eyes higher revenues

Jan 12, 2021

Cirtek bullish on 2021, eyes higher revenues

Bilyonaryo

Cirtek Electronics Corp. expects sales production to increase by 20% after securing contracts from two major tier 1 customers.

Cirtek Electronics Corp. expects sales production to increase by 20% after securing contracts from two major tier 1 customers.

The company is scaling up production of new products 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.

It is also expanding the production of intelligent power modules that will increase efficiency and reliability in energy power system, electric chargers for vehicles, power adapters and inverters.

Cirtek Holdings Philippines vice chairman Jorge Aguilar said: “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 is set to roll out its 5G chipset for mass production. it sealed a multi-million dollar deal 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 that will be used for communication services for public safety, government, utilities, and industrial customers.

It also finalized a contract with a New York based company to mass produce radio frequency power modules for high speed data transmission for aerospace applications.

Semiconductor sales are projected to grow 8.4% this year with revenues reaching $469 billion.

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    by VG Cabuag Business Mirror

    Laguna-based Cirtek Holdings Philippines Corp. on Wednesday said it secured the approval of the Philippine Stock Exchange Inc. (PSE) for the company’s stock rights offering (SRO) with bonus detachable warrants, which could yield P1.37 billion.

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    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.

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    Published by Manila Standard

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