Bilyonaryo
Cirtek Electronics Corp. expects sales production to increase by 20% after securing contracts from two major tier 1 customers.
Cirtek Electronics Corp. expects sales production to increase by 20% after securing contracts from two major tier 1 customers.
The company is scaling up production of new products called Quad Flat No Leads Package, which is widely used for high volume products like smart phones, PC and laptops, wireless communication and consumer electronics.
It is also expanding the production of intelligent power modules that will increase efficiency and reliability in energy power system, electric chargers for vehicles, power adapters and inverters.
Cirtek Holdings Philippines vice chairman Jorge Aguilar said: “The company is fortunate to be in an industry that is about to experience a revolutionary boom and 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.”
Cirtek is set to roll out its 5G chipset for mass production. it sealed a multi-million dollar deal 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 also finalized a contract with a New York based company to mass produce radio frequency power modules for high speed data transmission for aerospace applications.
Semiconductor sales are projected to grow 8.4% this year with revenues reaching $469 billion.
Oct 27, 2021
Published By Manila Bulletin
The Securities and Exchange Commission (SEC) has approved the planned P3.5 billion preferred shares offering by Cirtek Holdings Philippines Corporation.
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 preferred shares will be listed and traded on the Main Board of the Philippine Stock Exchange (PSE).
The listed tech man...
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...
Read moreJan 13, 2021
Philippine Rating Services Corp. (PhilRatings) assigned an issuer credit rating of PRS A (corp.)
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