Integrated Micro-electronics, Inc. (abbreviated as IMI, ) provides 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.
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 servuces range from design and engineering, advance manufacturing engineering capabilities, new product introduction services, manufacturing services, reliability tests, 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.
History
IMI started on August 8, 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 and it is engaged in the assembly of integrated circuits. In 1982, it took a contract manufacturing with its hard disk drive sub-assembly operations and, in 1986, it started the assembly of automotive hybrid integrated circuits.
In the year 1988, the company ventured into custom printed circuit board assembly and operations and in the next years, it offered standard printed circuit board assembly services with the acquisition of automated surface mounting equipment, and eventually, full product assembly and flexible printed circuit board assembly operations.
The company moved its manufacturing site in 1995 from Cupang, Muntinlupa to its present location at the Laguna Technopark. In 1998, IMI commenced offering hardware and software design services, that transitions the company to a total electronics manufacturing service provider. By 2001, IMI had three manufacturing sites in the Philippines.
As of 2023, IMI has 20 manufacturing sites of +330,072m² with more than 14,076 employees across 10 countries. From an 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, United Kingdom, Germany, Mexico, and the United States where it provides services to original equipment manufacturers (OEMs).
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.
By 2006, the company became one of the top 50 EMS companies in the world.
IMI strengthened its presence in Europe and South 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 acquire 76.01 percent stake in the optical bonding and display company, VIA optronics GmbH. The company aims to obtain camera and display monitor technologies for advanced driver assistance systems (ADAS).
IMI also acquired 80 percent stake of Surface Technology International (STI) Enterprise, in 2017, through the subsidiary Integrated Micro-Electronics UK Ltd. STI is an electronics design and manufacturing company that provides both printed circuit board assembly and full box-build manufacturing for 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.