Ayala-led Integrated Micro-Electronics Inc. (IMI) is now the world’s 18th largest electronics manufacturing services (EMS) based on global revenue which exceeded $1 billion last year, improving its global ranking by two notches from the previous year.
Laguna-based IMI is also the only Philippine-based firm on the top 50 list of EMS companies in the world for 2017 culled by Manufacturing Market Insider, the first and only publication dedicated to contract manufacturing of electronics.
The company recorded $1.1 billion in global revenue in 2017, marking a 29-percent year-on-year growth.
It has moved up from its previous rank of 20th on the list for 2016, when its global EMS revenue hit $843 million.
EMS refers to companies that design, assemble, produce and test electronic components for original equipment manufacturers (OEMs). It is a contract manufacturer in the electronics industry but apart from making products for OEMs, an EMS firm typically provides other value-added services.
IMI specializes in electronics for long product life cycle segments such as automotive and industrial electronics. —DORIS DUMLAO-ABADILLA