Business World
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.
In a statement on Monday, Cirtek said that it will be providing services to develop a semiconductor package widely used for smart phones, personal computers, laptops, wireless communications, and other consumer electronics.
“These devices are predicted as major factors that will boost the global semiconductor industry growth for 2021,” Cirtek said.
The firm will also be working with an American company on high power transistors that will “increase efficiency and reliability” of energy power systems and chargers for electric vehicles, power adapters, and inverters.
Cirtek plans to scale up its production starting in the first quarter of 2021.
Electronics exports industry group Semiconductor and Electronics Industries in the Philippines, Inc. (SEIPI) in November announced that it revised its 2020 projection to a five percent decline, from the earlier forecast of 15% decline after industrial, consumer, mobility, and medical electronics demand increased.
The industry group expects 7% growth for 2021.
Shares in Cirtek jumped 11.8% or 87 centavos to P8.24 each on Monday. — Jenina P. Ibañez
Jul 19, 2021
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 moreOct 28, 2021
Published by Business World Online
THE Securities and Exchange Commission (SEC) has given Cirtek Holdings Philippines Corp. the go signal to offer as much as P3.5 billion of preferred shares to the public.
“In its meeting on October 26, the Commission En Banc resolved to render effective the registration statement of Cirtek covering 50 million preferred B-2 Subseries C and D shares at an offer price of P50 per preferred share, with an oversubscription option of up to 20 million preferred shares,” the commission said in an e-mailed statement on Wednesday.
According to the latest timetable submi...
Read moreJan 12, 2021
Cirtek Electronics Corporation reported that its revenues will get a 20 percent boost this year as it ramps up production
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