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.
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Cirtek Electronics Corp. expects sales production to increase by 20% after securing contracts from two major tier 1 customers.Read more