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April 13, 2012

IMI’s Cautious Optimism, Continuous Innovation

April 13, 2012, Makati, Philippines – Integrated Micro-Electronics Inc. (IMI), a leading worldwide provider of electronics manufacturing services (EMS) and power semiconductor assembly and test services, in its Annual Stockholders’ Meeting held this morning, announced that it is cautiously optimistic for the medium term.

 Arthur Tan, IMI president and chief executive officer, said, “Our future growth will be driven by our broader geographic presence, expanded technical capabilities, and renewed focus on high-value, innovative product and manufacturing solutions.”

IMI recorded US$575.5 million in consolidated sales revenues in 2011, a 40 percent increase from US$412.3 million in 2010, despite a challenging business environment marked by calamities inJapanandThailandthat affected component supply, and the global financial crisis that softened the demand for electronic products.

 The increase in the company’s revenue is largely attributed to the increase in turnkey business inChina, the strong growth in the automotive and industrial segments, and additional revenues from PSi Technologies, Inc and IMI’s new entities in Europe andMexico.

 In end-July 2011 IMI completed the acquisition of EPIQ subsidiaries inBulgaria, theCzechRepublic, andMexico. With 17 manufacturing sites around the world, IMI has enhanced its capabilities, providing solutions to OEMs catering to regional and international markets.

 “The variety of locations leads to a diversity in markets and operations, and an increase in programs to accommodate the needs of a wider client base. This will help ensure greater stability for IMI, as cultivating a broader, healthier mix of clients is certain to protect the company from the effects of market downturns,” said Tan.

Moving forward, IMI will focus on significant emerging applications in electronics in accordance with its goal to grow as a company driving innovation.

Tan said, “We anticipate to profit from increasing automotive electronic content through the development of driver assistance systems, safety-related control devices, electronic steering modules, and ignition modules.”

IMI is also ready to provide advanced power packaging, power modules, and next-generation inverters for hybrid and electric vehicles.

According to Tan, “With the emergence of new applications of electronics for the industrial and medical fields, IMI will benefit from ventures with high-technology makers of accelerometers, smart meters, deep sea oil-drilling sensors, and medical camera pills.”

In support of the world’s transition to a low-carbon society, IMI will continue to engage in the development and manufacture of photovoltaic (PV) modules.  Tan said, “IMI is working toward more sustainable solar markets in the future, such as Concentrated Photovoltaics (CPV), a type of solar technology that uses mirrors to focus and capture more energy from available sunlight in a given area.”

 Tan added, “IMI through PSi Technologies, Inc is involved in the development of an LED prototype that will replace the incandescent bulb and drive down costs.”

 

About IMI

Integrated Micro-Electronics Inc. (IMI) is a leading provider of electronics manufacturing services (EMS) and power semiconductor assembly and test services (SATS). It serves diversified markets that include those in the automotive, industrial, medical, solar energy, telecommunications infrastructure, storage device, and consumer electronics industries. Committed to cost-effective and top-quality customized solutions, IMI’s comprehensive capabilities and global manufacturing presence allow it to take on specific outsourcing needs. IMI’s flexible solutions encompass design and product development, manufacturing, and order fulfillment. IMI is consistently ranked among the top 30 EMSproviders in the world. A subsidiary of Ayala Corporation, IMI is listed in the Philippine Stock Exchange. For more information, visit www.global-imi.com.

Press Contact:

Frederick Blancas
IMI Strategic Planning and Marketing
Cell Phone +63917 8632070
E-mail Frederick.Blancas@ph.global-imi.com
Website www.global-imi.com

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IMI will always be relevant, if not on the leading edge of the next big thing."

Arthur R. Tan, Vice Chairman and CEO

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Integrated Micro-Electronics, Inc., also known as IMI, is one of the leading global providers of electronics manufacturing services (EMS) and power semiconductor assembly and test services (SATS) in the world.