Sancode Acquires Cirtek for $20.2m to Boost Semiconductor Plant

The firm buys Philippines-based OSAT provider to bolster packaging capabilities and accelerate its Odisha manufacturing facility. Sancode Semi is set to acquire 100 per cent of Philippines-based Cirtek Electronics Corporation (CEC) for $20.2 million, a strategic move aimed at enhancing its semiconductor packaging and testing capabilities, securing proprietary technology, and expanding its tier-one client portfolio.