Ayala-owned Integrated Micro-Electronics Inc. (IMI), a provider of electronics manufacturing services (EMS) and power semiconductor assembly and test services, now ranks seventh in the list of top automotive EMS providers of New Venture Research based on 2014 EMS-related revenues. This is an improvement from the previous 8th ranking in 2013.
In a statement, IMI said its revenues in the automotive segment rose 16 percent to $321 million in 2014 from $276 million in 2013 mainly due to the steady global growth trend and the normalization of the market in Europe.
The company outperformed the average rise of total automotive EMS of 9.9 percent over the same period.
Arthur Tan, IMI president and chief executive officer said, ?We are bullish about expanding our business in the automotive industry as the electronic content of a car and the demand for cars increase.?
IMI provides product development and manufacturing services to the global automotive market. It also develops platforms or baseline technologies for driver assistance systems, safety-related control devices, electronic steering, and ignition modules.