Integrated Micro-Electronics Inc. (IMI) announced that the company finished 2018 with several financial and operational achievements during its Annual Stockholders Meeting (ASM) held earlier today at IMI Philippines’ Laguna manufacturing plant.
“We continue to prove the strength of our dual growth model. Revenues grew 24 percent to US$1.35 billion and net income rose 35 percent to US$45.5 million despite macro-driven challenges on the supply side. Our traditional businesses delivered US$1.04 billion in revenues, up 16 percent from the previous year, while our revenues from our recently acquired companies, VIA Optronics and STI Limited, accelerated 61 percent to a combined US$312.4 million,” said Arthur R. Tan chief executive officer of IMI in his speech.
“Our traditional business pipeline further progressed with US$320 million of new project awards in 2018, 72 percent of which are for automotive applications and 19 percent for the industrial segment. The uptake of more electronics in the car through advanced driver assistance systems (ADAS), body electronics, lighting, power management, safety systems and infotainment are driving more businesses for IMI globally,” Gilles Bernard, IMI president and chief operating officer briefed the assembly.
Tan also announced that IMI now ranks 17th in the latest Manufacturing Market Insider’s top 50 list of electronic manufacturing services (EMS) companies in the world based on 2018 revenues, moving one step higher from its previous rank in the 2017 list, the highest growth rate among all EMS companies in the global top 20.
In 2020, the company will be celebrating its 40th anniversary – a significant milestone in IMI’s history.