Iris Gonzales (The Philippine Star )
MANILA, Philippines — Cirtek Electronics Corp will scale up its production and improve revenues starting in the first quarter of the year.
Cirtek vice chairman Jorge Aguilar said the company is fortunate to be in an industry that is about to experience a revolutionary boom.
“We are very excited to take part in creating and shaping a new world as we emerge where technology and communications will be a main driving force as evidenced by this pandemic,” he said.
In a disclosure, Cirtek said it would strengthen production of the so-called Quad Flat No Leads Package (QFN), a package type widely used for high volume products like smart phones, PC and laptops, wireless communication and consumer electronics.
These devices are predicted as major factors that will boost the global semiconductor industry growth for 2021, Cirtek said.
The second major capacity expansion involves a California-based global semiconductor company, focused on high power transistors and modules for high-voltage power conversion applications.
The product is seen increasing efficiency and reliability in energy power systems, electric chargers for electric vehicles, power adapters and inverters.
Both businesses may contribute an additional volume of a production increase by 20 percent.
Quintel USA Inc. is also projected to release a new line of C-Band antenna family early this year following a successful auction in 2020 when the US Federal Communications Commission (FCC) released its latest 5G spectrum for sale making available 280MHz of prime mid-band frequencies in the 3.7-3.98GHz range, a portion of the new 5G C-band.
Moving forward, Quintel is poised to capture the next revolution in telecom and connectivity known as 5G.
“Quintel’s new antenna models will incorporate 5G bands to allow usability of new handsets already equipped with 5G capability while also addressing the inter-modulation distortion challenges associated with multiband communications such as when 5G networks are overlaid over 4G LTE, 3G and 2G infrastructure creating tremendous interference for operators therefore losing capacity, airtime and revenue,” Cirtek said.
Jul 14, 2021
Published By Malaya Business Insight
Cirtek Holdings Philippines Corp.’s telecom base antenna unit Quintel USA Inc. has secured five more years of contract to supply antennas to two leading carriers in North America.
Cirtek said this is following a series of new product introductions released by Quintel when 5G is at an inflection point.
“Quintel’s 5G products are precisely designed with the customer’s network architecture in mind allowing synergies in terms of backwards compatibility to existing infrastructure while providing 5G capability at a fraction of the cost against competitor products...Read more
Jan 13, 2021
PhilRatings said the rating and outlook were assigned to Cirtek given the firm’s manageable liquidityRead more
Aug 16, 2021
Published by Manila Standard
Semiconductor manufacturer Cirtek Holdings Philippines Corp. said Monday it raised P1.37 billion from its stock rights offering. Cirtek said in a disclosure to the stock exchange it listed 249.442 million common shares sold by way of rights offering at P5.50 per share. Shareholders as of July 1 were entitled to purchase 1 share for every 1.68 common shares owned. The shares came with 249.442 million bonus detachable warrants that will be issued free of charge to the investors and as part of the subscription to the entitlement rights. Each bonus detachable warrant e...Read more