Ayala-led electronics firm to continue to reinvent itself
Ayala-led Integrated Micro-Electronics Inc. (IMI) vowed to continue to reinvent itself to remain resilient amid the volatility of the global electronics industry.
Bilyonaryo Jaime Augusto Zobel de Ayala, chairman of IMI, reported the company booked a flat net income growth of P1.3 billion on the back of revenues amounting to P37 billion last year.
“Despite an uncertain year for currency markets, made more challenging by the ongoing economic slowdown in China, IMI remained committed to delivering differentiated solutions to enable its customers to shape and service the industries they operate in,” Zobel said.
“More recently, IMI has aggressively grown its high-value segments within the automotive, industrial, and medical industries, as it broadened its product offerings in those spaces,” he added.
IMI president and chief executive officer Arthur Tan said the company’s 2015 performance demonstrated the resilience of one of the leading worldwide providers of electronics manufacturing services and semiconductor assembly and test services.
“The subdued global economy, the volatile foreign currency markets, and the ongoing economic slowdown in China created a highly uncertain context for business,” Tan said.
He pointed out the company has aggressively shifted its focus and resources on the automotive and industrial segments because these are fast-growing and high-margin businesses that would further strengthen the company’s position.
According to him, major economies including the US, China, Germany, France, Japan, and ASEAN continue to expand albeit either slowing down or posting minimal growth.
“While the Chinese economy is slowing down, bold reforms by the Chinese government are being implemented. Thus the economic weakness will probably be short-lived,” he said.