Malaya Business Insight
Cirtek Electronics Corp. will scale-up its production by 20 percent this year resulting to improved revenues.
Cirtek said the expansion of production involves two major tier 1 customers for the full turnkey services of their new products called Quad Flat No Leads Package (QFN).
QFN package type is 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.
The second major capacity expansion involves a global semiconductor company, based in California focused on Gallium Nitride (GaN) 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, etc.
The company cited predictions of the World Semiconductor Trade Statistics (WSTS) which said semiconductor sales will accelerate to 8.4 percent growth in 2021, reaching $469 billion in revenue.
“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,” said Jorge Aguilar, Cirtek vice chairman.
Aguilar meanwhile said Cirtek unit Cirtek Advanced Technology and Solutions Inc is set to roll out its 5G chipset for mass production
Cirtek Advanced Technologies last year signed a multi-million project with a Texas based company for the manufacture of signal processing units and indoor radio frequency units used for communication services for public safety, government, utilities, and industrial customers.
“Such a solution will allow for the transport of mission critical voice, data, and video reliably, efficiently, and securely. In addition, recently 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. These power modules will help provide solutions to challenging problems from deep space to depths of the ocean and serve customers in the defense, space and satellite, security, industrial, and medical industries,” Aguilar said.
Dec 17, 2020
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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...
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Laguna-based Cirtek Holdings Philippines Corp. on Thursday said its units were able to secure its respective ISO certifications on environmental and management standards, which will allow the company to attract more European and Japanese customers.
In its disclosure, the company said its units Cirtek Electronics Corp. and Cirtek Advanced Technology Solutions Inc. passed their ISO 14000 audits with zero non-conformance.
“Considering the stringent requirements of an ISO 14000 certificate, the company considers this a victorious achievement,” the company said. “Passin...
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