According to a disclosure to the Philippine Stock Exchange, Cirtek Electronics Corp. (CEC), a wholly owned subsidiary of Cirtek Holdings Philippines Corporation (CHPC), won a contract to manufacture components for 5G wireless systems for a US-based technology company. CHPC is a contract manufacturer of semiconductor devices.
The US Company specializes in telecommunications E-Band ceramic modules and chipsets. The 5G products will be used for data traffic control and for high bandwidth, high speed transmitters.
The US based company will transfer its assembly, pre-cap test and RF (Radio frequency) final test line from the US into CEC’s facility. CEC will invest and upgrade its Surface Mount Technology, or electronic board assembly, capabilities and capacity. The contract is expected to earn CHPC USD 3 million on an annual basis.
Meanwhile, Cirtek Advanced Technology and Solutions, Inc. (CATSI), another wholly owned subsidiary of CHPC, expects to expand its RF board Module Assembly Manufacturing business in 2019 to USD 4 million revenue, a 33% year-on-year increase. A major customer is consolidating its business and aims to capitalize on CATSI’s vast experience in RF, microwave, and millimeter wave Manufacturing.
(Sources: Philippine Stock Exchange; Manila Bulletin; Manila Standard)