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IMI posts 40% revenue uptick, continuous innovation drives company growth

Posted: 18 Apr 2012 ?? ?Print Version ?Bookmark and Share

Keywords:EMS? power semiconductor assembly? test services?

Integrated Micro-Electronics Inc. (IMI) has revealed in its annual stockholder's meeting that it is cautiously optimistic for the medium term. IMI is a Philippine-based provider of electronics manufacturing services (EMS) and power semiconductor assembly and test services.

Arthur Tan, IMI president and chief executive officer, said, "Our future growth will depend on our broader geographic presence, expanded technical capabilities, and renewed focus on high-value, innovative product and manufacturing solutions."

Despite challenges in the business environment, things are looking up for the company as it recorded $575.5 million in consolidated sales revenues in 2011, a 40 percent increase from $412.3 million in 2010. The calamities in Japan and Thailand that affected component supply and the global financial crisis that softened the demand for electronic products are just but a few of the challenges the company had to face.

Arthur Tan

Tan: The variety of locations leads to a diversity in markets and operations, and an increase in programs to accommodate the needs of a wider client base.

The increase in the company's revenue is largely attributed to the increase in turnkey business in China, the strong growth in the automotive and industrial segments, and additional revenues from PSi Technologies Inc. and IMI's new entities in Europe and Mexico. The company has also completed the acquisition of EPIQ subsidiaries in Bulgaria, the Czech Republic and Mexico. IMI currently has 17 manufacturing sites around the world.

"The variety of locations leads to a diversity in markets and operations, and an increase in programs to accommodate the needs of a wider client base. This will help ensure greater stability for IMI, as cultivating a broader, healthier mix of clients is certain to protect the company from the effects of market downturns," said Tan.

Moving forward, IMI will focus on significant emerging applications in electronics in accordance with its goal to grow as a company driving innovation.

Tan said, "We anticipate to profit from increasing automotive electronic content through the development of driver assistance systems, safety-related control devices, electronic steering modules and ignition modules."

IMI is also ready to provide advanced power packaging, power modules and next-generation inverters for hybrid and electric vehicles.

According to Tan, "With the emergence of new applications of electronics for the industrial and medical fields, IMI will benefit from ventures with high-technology makers of accelerometers, smart meters, deep sea oil-drilling sensors, and medical camera pills."

In support of the world's transition to a low-carbon society, IMI said it will continue to engage in the development and manufacture of PV modules. Tan said, "IMI is working toward more sustainable solar markets in the future, such as Concentrated Photovoltaics (CPV), a type of solar technology that uses mirrors to focus and capture more energy from available sunlight in a given area."

"IMI through PSi Technologie is involved in the development of an LED prototype that will replace the incandescent bulb and drive down costs," Tan added.

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