Ayala-led IMI pares losses but cost constraints linger

MANILA, Philippines – Integrated Micro-Electronics Inc. (IMI), the semiconductors and electronics manufacturing arm of the Ayala group, narrowed losses in 2022 while revenues expanded by 8 percent to $1.4 billion. “Despite the ongoing component shortage and supply chain challenges in 2022, IMI wholly-owned subsidiaries continued to perform,” the company said in a statement. IMI said … Continue reading Ayala-led IMI pares losses but cost constraints linger