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.
Oct 29, 2021
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 ...
Read moreAug 16, 2021
Publishehd by Rappler
WHAT YOU NEED TO KNOW
Buy, sell, or hold? Who are the top gainers? How about the biggest losers? Are the bulls winning over the bears? Which company is going public next?
Bookmark and refresh this page for the latest news and analysis on stock market movers, corporate and financial news, business deals, and the economy in the Philippines.
LATEST UPDATES
Peso-dollar exchange rate - August 19, 2021 RAPPLER.COM
Most active stocks and PSEi closing - August 19, 2021 RAPPLER.COM
Bangko Sentral to accept digital bank applicants only until August 31
The Bangko Sentral ng Pilipina...
Read moreJan 12, 2021
Cirtek Holdings Philippines Corp. said Monday unit Cirtek Electronics Corp. will expand production capacity in the first quarter to boost revenues.
Read more