Cirtek to raise the output of electronic parts by 20%

Jan 12, 2021

Cirtek to raise the output of electronic parts by 20%

PinoyDesk

By Juan Castro

CIRTEK ELECTRONICS Corp. aims to raise local production by 20% when it works with global consumers to provide consumer electronic components and electrical charger products.

In a statement on Monday, Cirtek announced that it will provide services to build a semiconductor kit commonly used for mobile phones, personal computers, tablets, wireless communications, and other consumer electronics.

“These products are expected to be significant drivers that will fuel the development of the global semiconductor industry by 2021,” said Cirtek.

The firm would also collaborate with an American corporation on high-powered transistors that will “increase performance and stability” of power systems and chargers for electric cars, power adapters and inverters.

Cirtek plans to ramp up its production from the first quarter of 2021.

Electronics exports business company Semiconductor and Electronics Companies in the Philippines, Inc. (SEIPI) reported in November that it had revised its 2020 estimate to a five per cent decrease from the previous prediction of a 15 per cent decrease following a rise in demand for automotive, residential, mobility and medical electronics.

The business association predicts a rise of 7% for 2021.

  • Jan 12, 2021

    Cirtek to raise the output of electronic parts by 20%

    Cirtek to raise the output of electronic parts by 20%

    CIRTEK ELECTRONICS Corp. aims to raise local production by 20% when it works with global consumers to provide consumer electronic components and electrical charger products.

    Read more
  • Jan 12, 2021

    Cirtek targets 20% increase in production of electronic parts

    Cirtek targets 20% increase in production of electronic parts

    CIRTEK ELECTRONICS Corp. plans to increase local production by 20% as it partners with major customers to provide parts for consumer electronics and electric charger products.

    Read more
  • Jul 19, 2021

    No brainer: Abacus explains the value of TECH warrants

    Published by Bilyonaryo

    Shareholders of Cirtek Holdings Philippines Corp. are probably scratching their heads over the stock’s underwhelming performance in the middle of its P1.4B stock rights offering.

    Shares of TECH closed at P5.21 per share during Friday’s trading, down 25 percent from an intra-day high and below the P5.50 subscription price for the SRO.

    Should shareholders subscribe when they can buy shares for cheaper at market?

    Nicky Franco, the head of research of Abacus Securities, said taking up the TECH rights with its bonus warrants should be a “no brainer.”

    Franco estimated that th...

    Read more