Manila Bulletin
by James A. Loyola
Cirtek Electronics Corporation reported that its revenues will get a 20 percent boost this year as it ramps up production for two major tier 1 customers for the full turnkey services of their new products.
“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,” said Cirtek Vice Chairman Jorge Aguilar.
In a disclosure to the Philippine Stock Exchange, Cirtek said it is scaling-up the production of Quad Flat No Leads Package (QFN) which is 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,” the firm said.
Cirtek said its second major capacity expansion involves a global semiconductor company, based in California USA focused on Gallium Nitride (GaN) 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, etc.
Meanwhile, the firm said subsidiary Cirtek Advanced Technology and Solutions is excited to roll out its 5G chipset for mass production.
In the middle of 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.
These will be part of the system infrastructure that will be used for communication services for public safety, government, utilities, and industrial customers.
In addition, it also finalized recently a contract for manufacturing services with a New York based company to mass produce Radio Frequency Power Modules for high speed data transmission for aerospace applications.
These power modules will help provide solutions to challenging problems from deep space to depths of the ocean and serve customers in the defense, space and satellite, security, industrial, and medical industries.
Another unit, Quintel USA, Inc., is projected to release a new line of C-Band antenna family early this year following a successful auction in 2020 when US Federal Communications Commission (FCC) released its latest 5G spectrum for sale.
Jan 13, 2021
Cirtek Holdings Philippines Corp. said Wednesday it received a credit rating of PRS A (corp.)
Read moreOct 29, 2021
Published by Philstar
MANILA, Philippines — The Securities and Exchange Commission (SEC) has approved the public offering by Cirtek Holdings Philippines Corp. of up to P3.5 billion worth of preferred shares.
In a meeting on Oct. 26, the SEC approved the registration statement of Cirtek covering 50 million preferred B-2 Subseries C and D shares at a price of P50 per share, with an oversubscription option of up to 20 million preferred shares.
The listed tech manufacturer expects to net P3.44 billion from the offer, assuming the oversubscription option is fully exercised, proceeds of which will ...
Read moreMar 14, 2022
Published by Malaya
Cirtek vaccination drive
Cirtek Holdings Philippines Corp. has extended its support to facilitate the drive to have majority of its employees vaccinated against COVID-19.
The company worked with Laguna Technopark’s vaccination facility by fielding its own set of medical volunteers, giving its employees easier access to a vaccination facility directly adjacent to the company’s facility.
This drove the workforce’s vaccination rate to 99.7 percent at present. The company’s medical team is moving forward to provide booster shots.
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