Integrated Micro-electronics, Inc. (abbreviated as IMI, PSE: 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 services 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 Energy Solutions at Fremont, California, USA.
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.
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.
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[3] and the Speedy-Tech Electronics Ltd of Singapore.[4] 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.[5]
By 2006, the company became one of the top 50 EMS companies in the world.
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).[7]
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.[8]
Domestic expansion
In 2010, IMI acquired PSi Technologies, a power semiconductor assembly and test service provider.[9] 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.[10]
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.[11] The first project was the motorcycle assembly factory in partnership with KTM AG group under KTM Asia Motorcycle.[12]
It has completed its follow-on offering and listing of 215,000,000 common shares on December 5, 2014. IMI has 1,856,899,921 outstanding shares, as of March 31, 2015.[14]
Capabilities
IMI is an EMS player in the automotive industry. Aside from assembly services, IMI provides automotive tier 1 suppliers and original equipment manufacturer services such as design and product development and test systems development.[15] The company manufactures safety electronics for vehicles such as automotive cameras and airbag controls.[2]
Its technology groups collaborate with one another and with customers to develop platforms or baseline technologies in areas such as camera and imaging, motor drives, power modules, lighting systems, short range wireless, human-to-machine interface, sensors, and medical electronics.[2]
Engineering
Design & Development
The Design & Development (D&D) group of IMI focuses on complex automation deployments in different internal segments, business units, and external customers which includes applications in automation handling, dispensing, screwing, and customized auto feeding system for mass production. It has an extensive competencies in electronic design, mechanical design, and software development, and building platforms in the areas of automotive cameras, motor drives, and power modules. D&D provides full design services from concept to product validation. D&D provides contract design and joint development services that covers power electronics, embedded systems, camera and imaging systems, motor drives, power modules, power semiconductors, LED lighting and display design, and low and high radio-frequency design.[16]
Advanced Manufacturing Engineering
The Advanced Manufacturing Engineering (AME) works on several industrial microelectromechanical systems-based inertial measurement unit modules, commercial laser display modules, and automotive camera modules, including the IMI minicube camera platform. AME is developing a fully automated assembly line that manufactures a complex electro-mechanical assembly for automotive safety and security electronic control at IMI Jiaxing as well as in IMI Mexico. AME is collaborating with D&D on a low cost automotive camera and power modules.[17]
Test & Systems Development
IMI's Test & Systems Development (TSD) expanded the development and application of fully automated test systems that integrate common backend process requirements—product marking, automated inspection, and unit sorting. It also developed an innovative test solutions for automotive electronics, EV vehicle boards and power electronics. It designed and implemented a new line of testers for power module devised and collaborated with a customer to build a fully automated tester for power train boards for EV.[18]
Camera & Vision Technology
The Camera and Vision Technology (CVT) group equips IMI to be ready with autonomous driving. A spun off from the D&D in 2016, the group focuses on developing vision-based products that support the different Advanced Driver Assistance Systems (ADAS) applications. In 2017, The group synced with AME and TSD to become a one-stop shop solution for camera design, prototype development and mass production.[19]
Manufacturing
Manufacturing Solutions
As initially an EMS company, the manufacturing arm of IMI produces products for original equipment manufacturers (OEMs). Among the OEM products and assembly services that the company provides include automotive camera, power modules, complete box builds, sub-assembly, component assembly, precision assembly and automated through-hole assembly.[20]
Plastic Capability
IMI also manufactures plastic parts in Asia, Europe and North America that makes box-build capabilities accessible to its partners in automotive, industrial and consumer electronics industries. It integrates parts such as covers, housings and connectors in sub-assemblies, specializing in electronic box-build. Low pressure molding and thermoforming are the process capabilities of IMI.
Starting in 2024, IMI will manufacture motorcycles for Zero.[21]
System Integration
The System Integration group of IMI integrates different subsystem and modules into one large system. It serves a wide variety of complex build-to-print and contract design manufacturing requirements and increases value to systems by adding new functionalities while linking all functions of different systems. IMI combines complex PCBAs, electronics and mechanical assemblies with robotics into one system.
Subsidiaries and Affiliates
IMI has four wholly owned subsidiaries that carry out the business through the various operating entities globally:
Integrated Micro-Electronics, Inc. Group of Companies
IMI International (Singapore) Pte Ltd. (IMI Singapore)
IMI Singapore or officially IMI International (Singapore) Pte Ltd. wholly owns Speedy-Tech Electronics Ltd. when IMI acquired it on 2005. STEL, which provides EMS and power electronics, manages the China and Singapore operations. IMI Singapore also holds Cooperatief IMI Europe U.A that manages the Europe and Mexico operations from the acquisition of EPIQ NV. IMI ROHQ is also an affiliate that serves as a supervisory, communications and coordinating center for IMI Singapore affiliates and subsidiaries.[22] It holds the stake of IMI in VIA Optronics and IMI UK which has stake in STI Enterprises.
IMI USA
IMI USA, Inc. acts as direct support to the Group's customers by providing program management, customer service, engineering development and prototype manufacturing services. It is also engaged in precision assembly of surface mount technology, chip on flex, chip on board, flip chip on flex, advanced manufacturing process development, engineering development, prototype manufacturing, and small precision assemblies.[22]
IMI Japan
IMI Japan, Inc. offers the services, such as technical, quality assurance, sales and commercial support, to answer the needs diverse range of Japanese-based OEMs. It also functions as a program management center for new business that will be endorsed to other subsidiaries. There are no manufacturing operations in IMI Japan.[22][23]
PSi Technologies
PSi Technologies, Inc. is a Philippine company, that provides power semiconductor assembly and test services, that IMI bought shares of 56%, and in 2012 it was fully acquired by IMI through the acquisition of the minority of the shares.[22]
Reception
IMI received Circuit Assembly's 2007 Service Excellence Award for the Highest Overall Customer Ranking for medium-sized EMS company category. (Circuit Assembly is a US-based electronics industry trade publication that recognizes companies that receive the highest customer service ratings, as judged by their own customers.) The ASEAN Business Advisory Council, hailed IMI as one of the 12 most admired companies in Southeast Asia.[24]
IMI ranks 23rd on the list of top EMS providers in the world based on 2023 EMS-related revenues as reported by Manufacturing Market Insider.[25] It is also the 9th largest EMS player in the automotive industry as reported by New Venture Research based on 2023 EMS-related revenues.[26]
IMI's Analytical Testing and Calibration (ATC) laboratory was granted accreditation for ISO/IEC 17025:2005 on January 8, 2016, by the Philippine Accreditation Bureau (PAB) of the Department of Trade and Industry. The accreditation demonstrates technical competence for the scope specified by the PAB and the operation of a laboratory quality management system that meets the principles of ISO 9001:2008.[27]
Social involvement
IMI has a corporate social responsibility program. IMI began a sustainable community livelihood program through a partnership with ChildFund Foundation and Yakap sa Kaunlaran ng Bata, Inc. (YKBI). Along with this organization IMI, provided the women from the Parents Association of San Pablo and Bay, Laguna, with 10 sewing machines to encourage them toward self-reliance and supplement their entrepreneurial skills. The Parents Associations of both communities are now sewing blouses for Krizia, a garment manufacturer.[2]
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