Integrated Micro-electronics, Inc. (abbreviated as IMI, PSE: IMI) is one of the leading global manufacturing solutions experts that provide electronics manufacturing services (EMS) and power semiconductor assembly and test services (SATS) with manufacturing facilities in Asia, Europe, and North America. Its headquarters is located in Biñan, Laguna, Philippines.
IMI serves original equipment manufacturers (OEMs) in diversified markets that include those in the automotive, industrial, medical, telecommunications infrastructure, storage device, and consumer electronics industries. Its customized solutions range from design and engineering solutions, advance manufacturing engineering capabilities, new product introduction services, manufacturing solutions, reliability test, failure analysis, equipment calibration capabilities, test and system development, and support and fulfillment. The manufacturing portfolio of AC Industrials, a wholly owned subsidiary of Ayala Corporation, IMI is listed in the Philippine Stock Exchange.
Video Integrated Micro-Electronics, Inc.
History
IMI started in 1980 as a joint venture between Ayala Corporation and Resins, Inc. With its headquarters in Muntinlupa, they were just a workforce of around 100 employees with total fixed assets of US$3,700,290. By 2001, IMI only had three manufacturing sites in the Philippines.
As of 2015, IMI has 13 manufacturing sites around the world with more than 15,000 employees. From a EMS company, it expanded its scope to include EMS and Power Semiconductor Assembly and Test Services. IMI is also into prototyping, manufacturing, product test development, testing and order fulfillment.
Global expansion
IMI has multiple manufacturing sites in Bulgaria, China, Czech Republic, Mexico, and the United States providing solutions to original equipment manufacturers (OEMs) catering for both regional and international markets.
The company began to establish its presence outside the Philippines. In 2005, IMI acquired the EMS assets of Saturn Electronics and Engineering Inc. in the US and the Speedy-Tech Electronics Ltd of Singapore. The acquisition of Speedy-Tech eventually led to the establishment of IMI's presence in China--through three facilities, namely, two in Shenzhen and one in Jiaxing.
IMI strengthened its presence in Europe and North America in 2011 through the acquisition of EPIQ NV subsidiaries in Bulgaria, the Czech Republic, and Mexico.
In August 2016, IMI announced that it will acquired 76 percent stake in the optical bonding and display solutions provider, VIA optronics GmbH. This brings new technology to IMI for display solution in the automotive industry by providing automotive camera and display monitor solutions for advanced driver assistance systems (ADAS).
IMI also acquired 80 percent stake in the STI Enterprises, through the subsidiary Integrated Micro-Electronics UK Ltd. STI is an electronics design and manufacturing solutions in both printed circuit board assembly and full box-build manufacturing for high-reliability industries such as aerospace and defense markets. It has two manufacturing sites in United Kingdom, as well as in Cebu, Philippines, and a design center in London.
Domestic expansion
In 2010, IMI acquired PSi Technologies, a power semiconductor assembly and test service provider. The company bought the minority shares of PSi Technologies in 2014.
In January 2015, IMI acquired the remaining shares of PSi from private investment firms Narra Venture Capital II LP and Narra Associates II Limited..
In 2016, Ayala Corporation announced that it will consolidate its businesses in car dealership and industrial operations into a wholly owned subsidiary AC Industrials--this includes IMI. IMI has the major role of being the manufacturing arm of AC Industrials for its wide range of portfolio. The first project was the motorcycle assembly factory in partnership with KTM AG group under KTM Asia Motorcycle.
Stock exchange listing
On January 21, 2010, IMI listed 1.137 billion common shares in the Philippine Stock Exchange.
It has completed its follow-on offering and listing of 215,000,000 common shares on December 5, 2014. IMI has 1,856,899,921 outstanding shares, as of March 31, 2015.
Maps Integrated Micro-Electronics, Inc.
Services
IMI is an EMS player in the automotive industry. Aside from assembly services, IMI provides automotive tier 1 suppliers and Original equipment manufacturer services such as design and product development and test systems development. The company manufactures safety electronics for vehicles such as automotive cameras and airbag controls.
The company also produces access control devices design against theft and dosimeters. It is also involved in the robotics industry. In addition to these, IMI also produces medical diagnostic devices and telecom infrastructure devices.
Its technology groups collaborate with one another and with customers to develop platforms or baseline technologies in areas such as camera and imaging, motor drives, power modules, lighting systems, short range wireless, human-to-machine interface, sensors, and medical electronics.
Subsidiaries and Affiliates
IMI has four wholly owned subsidiaries that carry out the business through the various operating entities globally.
IMI Singapore
IMI Singapore or officially IMI International (Singapore) Pte Ltd. wholly owns Speedy-Tech Electronics Ltd. when IMI acquired it on 2005. STEL, which provides EMS and power electronics, manages the China and Singapore operations. IMI Singapore also holds Monarch Elite Ltd. that manages the Europe and Mexico operations from the acquisition of EPIQ NV. IMI ROHQ is also an affiliate that serves as a supervisory, communications and coordinating center for IMI Singapore affiliates and subsidiaries.
IMI USA
IMI USA, Inc. specializes in new product introduction (NPI), advanced manufacturing technologies and renewable energy solutions (through IMI Energy Solutions). It is also engaged in precision assembly of surface mount technology, chip on flex, chip on board and flip chip on flex.
IMI Japan
IMI Japan, Inc. offers the services, such as technical, quality assurance, sales and commercial support, to answer the needs diverse range of Japanese-based OEMs. It also functions as a program management center for new business that will be endorsed to other subsidiaries. There are no manufacturing operations in IMI Japan.
PSi Technologies
PSi Technologies, Inc. is a Philippine company, that provides power semiconductor assembly and test services, that IMI bought shares of 56%, and in 2012 it was fully acquired by IMI through the acquisition of the minority of the shares.
Reception
IMI received Circuit Assembly's 2007 Service Excellence Award for the Highest Overall Customer Ranking for medium-sized EMS company category. (Circuit Assembly is a US-based electronics industry trade publication that recognizes companies that receive the highest customer service ratings, as judged by their own customers.) The ASEAN Business Advisory Council, hailed IMI as one of the 12 most admired companies in Southeast Asia.
IMI ranks 18th on the list of top EMS providers in the world based on 2014 EMS-related revenues as reported by Manufacturing Market Insider. It is also the 7th largest EMS player in the automotive industry as reported by New Venture Research based on 2014 EMS-related revenues.
IMI's Analytical Testing and Calibration (ATC) laboratory was granted accreditation for ISO/IEC 17025:2005 on January 8, 2016 by the Philippine Accreditation Bureau (PAB) of the Department of Trade and Industry. The accreditation demonstrates technical competence for the scope specified by the PAB and the operation of a laboratory quality management system that meets the principles of ISO 9001:2008.
Social involvement
IMI has a corporate social responsibility program. IMI began a sustainable community livelihood program through a partnership with ChildFund Foundation and Yakap sa Kaunlaran ng Bata, Inc. (YKBI). Along with this organization IMI, provided the women from the Parents Association of San Pablo and Bay, Laguna, with 10 sewing machines to encourage them toward self-reliance and supplement their entrepreneurial skills. The Parents Associations of both communities are now sewing blouses for Krizia, a garment manufacturer.
References
External links
- Official website
- Ayala Corporation
Source of article : Wikipedia
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