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 03, 2021
Published by Malaya
Cirtek Holdings Philippines Corp. expects to raise P2.5 billion from its ongoing preferred share sale.
It was earlier looking at a P3.5 billion fund raising.
The company said it is now selling 50 million of its preferred shares at an offer price of P50 apiece from an earlier 70 million, divided into an initial 30 million and another 20 million covering the oversubscription option.
The preferred shares that will have a series of TCB2C for the Preferred Class B-2 Subseries C and CB2D for the Preferred Class B-2 Subseries D will have a dividend rate of 6.5864 percent for TCB2C...Read more
Apr 15, 2015
Amidst the global pandemic, Cirtek Holdings Philippines Corp. through its wholly owned semiconductor armRead more
Mar 10, 2022
Published by Business Mirror
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...Read more