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.
Jul 14, 2021
Published By Revin Mikhael D. Ochave Business World
A UNIT of technology company Cirtek Holdings Philippines Corp. has extended a master supply agreement with two telecommunication companies in North America.
Cirtek said in a regulatory filing on Monday that the agreement between its telecom base station antenna unit Quintel USA, Inc. and two unnamed carriers provides for a business extension of another five years.
“This comes at a time following a series of new product introductions released by Quintel when fifth generation (5G) is at an inflection point,” Cirtek said.
“Quintel’s 5G products ...
Read moreJan 12, 2021
Cirtek Electronics Corporation reported that its revenues will get a 20 percent boost this year as it ramps up production
Read moreOct 27, 2021
Published by Manila Standard
The Securities and Exchange Commission said Wednesday it approved the P3.5-billion preferred shares offering of semiconductor manufacturer Cirtek Holdings Philippines Corp. Cirtek was allowed to register and offer up to 50 million preferred shares at a price of P50 apiece, with an oversubscription option for another 20 million preferred shares. The company has yet to set the dividend rate for the preferred shares. The preferred shares will be listed and traded on the main board of the Philippine Stock Exchange. Cirtek will use the net proceeds from the offering wil...
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