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About Cirtek Holdings Philippines Corp.
Cirtek Holdings Philippines Corp. (CHPC), through its subsidiaries Cirtek Electronics Corp. (CEC) and Cirtek Electronics International Corp. (CEIC), is an independent complete solution provider for subcontract manufacturing of semiconductor devices and provides a broad range of assembly and testing services for various product applications and industries.
The Cirtek Group harnesses more than 29 years of expertise in the assembly and testing segment of the semiconductor industry and has been accredited and certified by several international quality institutions for the latest quality system standards, namely :
- TÜV SÜD Management Service GmbH
- TÜV Product Service Asia Ltd.
- Defense Supply Center
- British Approval Board Telecom
Beginning with just 3 customers in 1984, the company through its subsidiaries has significantly grown its customers base to 42 at present. Despite the volatility in the semiconductor industry worldwide, the company has grown continuously with a compounded annual growth rate of 25% in volume produced over the past 10 years.
The company is an independent full-service solution provider for subcontract manufacturing of semiconductor devices that provides turnkey solutions such as :
- Package design and development
- Wafer probing
- Wafer back grinding
- Assembly and packaging
- Test program and hardware development
- Final testing of semiconductor devices
- Warehousing and inventory management
- Delivery and shipment to its customers or end users
Its products cover a wide range of applications and industries such as the following :
- Consumer electronics
- Power devices
With its proven track record, world-class facility and international quality standards, Cirtek has earned a strong reputation from its global customers for its :
- High-quality products
- Production flexibility
- Competitive costing
- Capability to work with customers to develop application and customer-specific packages
Initial Public Offering
On November 18, 2011, Cirtek Holdings Philippines Corporation has raised $7 million through a successful Initial Public Offering (IPO) on the Philippine Stock Exchange (PSE). 42.16 million new common shares were sold to domestic investors, representing 26% of its issued and outstanding capital stock after the offer.
The semiconductor manufacturer’s shares rose sharply at its stock market debut after a $7 million IPO. The company’s IPO was only the third new listing on the PSE during the year 2011, which was four times oversubscribed and on its listing day, the share price jumped 13.5 percent higher than the offer price.
Cirtek plans to use the IPO proceeds for the acquisition of assembly equipment, facilities improvement, working capital, and building construction, adding 15,000-square meters of capacity to its manufacturing facility.
Apart from raising fresh funds, going public is seen boosting Cirtek’s branding and financial stability in the international markets.
Cirtek Holdings Philippines Corp. (CHPC) is a technology-oriented company whose vision is to become a leading Outsourced Semiconductor Assembly and Test (OSAT) partner. It believes it can achieve this through constant innovation and re-engineering, and by focusing on customer-specific products, high-reliability devices, and multichip products.
Cirtek recognizes its customers as the key driver to growth and success. The company, therefore, puts great emphasis on its customers as partners.
Our customer is our partner. We want to grow our business together with our customers.
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