Daily Tribune
By Jun Yap
Cirtek Electronics Corporation on Monday said it will scale-up its production and improve revenues starting in the first quarter of 2021 with two major “tier 1” customers for the full turnkey services of its new products called Quad Flat No Leads Package (QFN).
In a statement to the Philippine Stock Exchange, Cirtek said the QFN package type is widely-used for high volume products like smart phones, personal computers and laptops, wireless communication and consumer electronics.
It explained that these devices are predicted as major factors that will boost the global semiconductor industry growth for 2021.
According to Cirtek, the second major capacity expansion involves a global semiconductor company, based in California, United States, which is focused on Gallium Nitride 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, among others.
Both businesses may contribute an additional volume of a production increase by 20 percent. While World Semiconductor Trade Statistics predicts that semiconductor sales will accelerate to 8.4 percent growth for 2021, reaching $469 billion in revenues.
With this, Cirtek Advanced Technology and Solutions is excited to roll out its 5G chipset for mass production.
During the mid-2020, Cirtek Advanced Technologies and Solutions Inc. finalized a multi-million project with a Texas-based company for the manufacture of signal processing units and indoor radio frequency units that will be part of the system infrastructure that will be used for communication services for public safety, government, utilities and industrial customers.
It said that such a solution will allow for the transport of mission critical voice, data, and video reliably, efficiently and securely.
Jan 13, 2021
CIRTEK Holdings Philippines Corp. has been assigned a PRS A mark by local debt watcher Philippine Rating Services Corp.
Read moreDec 03, 2021
Published by Inquirer.net
Electronics manufacturer Cirtek Holdings Philippines Corp. is set to conclude today, Dec. 3, the public offering of as much as P2.5 billion worth of perpetual preferred shares, proceeds from which will be used to refinance debt and fund the expansion of key subsidiaries.
Cirtek’s preferred shares have two series: one with a synthetic maturity of three years carrying an interest rate of 6.5864 percent per annum, and another with a synthetic maturity of five years carrying an interest rate of 7.7506 percent per annum.
Higher divident rate The synthetic maturity means th...
Read moreJul 14, 2021
Published By VG CABUAG BusinessMirror
Quintel USA Inc., a unit of Laguna-based Cirtek Holdings Philippines Corp., on Monday said it has extended its master supply agreement with two major leading carriers in North America.
The extension of the agreement allows Quintel another 5 years of secured business with these two telcos, the firm said.
“Quintel is poised to grow its business in the near to medium term as evidenced by the relevance of its pioneering products that has been well received by our customers. Our products allow carriers to stay ahead of their game and maximize 5G services in the...
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