IMI now 7th biggest global provider of automotive electronics
AYALA-led Integrated Micro-Electronics Inc. (IMI) is gaining greater global market share as a provider of electronic manufacturing services (EMS) to the automotive industry.
IMI now ranks 7th in the list of top automotive EMS providers of US-based market research firm New Venture Research based on 2014 EMS-related revenues, improving from 8th place in 2013, the Laguna-based manufacturer said in a press statement.
Revenues generated by IMI from the automotive segment rose by 16 percent to $321 million in 2014 from $276 million in 2013 mainly due to the steady global growth trend and the stabilization of the market in Europe. The company outperformed the average rise of total automotive EMS of 9.9 percent over the same period.
The increase in global market share, IMI said, showed not only the long term growth potential of the automotive market in electronics but also its commitment to widen and strengthen its foothold in the industry, the company 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 president Arthur Tan said in a press statement.
The biggest business for IMI these days comes from the automotive segment as cars around the world increasingly require more electronic rather than mechanical components. The automotive segment accounted for 37.3 percent of the $860.8 million revenues reported by IMI in 2014.
The electronics content of the average vehicle produced today continues to grow by about 15-20 percent each year.
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.
A subsidiary of Ayala Corp., IMI is one of the leading global providers of EMS and power semiconductor assembly and test services with manufacturing facilities in Asia, Europe, and North America. Apart from the automotive segment, it serves diversified markets that include those in the industrial, medical, telecommunications infrastructure, storage device, and consumer electronics industries.
