-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueComing to Terms With AI
In this issue, we examine the profound effect artificial intelligence and machine learning are having on manufacturing and business processes. We follow technology, innovation, and money as automation becomes the new key indicator of growth in our industry.
Box Build
One trend is to add box build and final assembly to your product offering. In this issue, we explore the opportunities and risks of adding system assembly to your service portfolio.
IPC APEX EXPO 2024 Pre-show
This month’s issue devotes its pages to a comprehensive preview of the IPC APEX EXPO 2024 event. Whether your role is technical or business, if you're new-to-the-industry or seasoned veteran, you'll find value throughout this program.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
IMI Delivers Improved Bottom Line Despite the Pandemic
April 19, 2021 | IMIEstimated reading time: 1 minute
Integrated Micro-Electronics, Inc. (IMI), a global technology and electronics manufacturing expert held its annual stockholders’ meeting virtually via livestreaming from Globe Studios last April 15.
“Despite many challenges, IMI finished 2020 in a better financial position than the previous year, all while retaining its position among the top 20 electronics manufacturing solutions provider and achieving several key milestones that underscored the company’s operational flexibility and innovative approach,” said Jaime Augusto Zobel de Ayala, Chairman of the Board during the meeting. “Business performance recovered strongly in the second half as global manufacturing demand returned close to pre-pandemic levels,” he added.
The annual meeting was held via video conferencing due to the current global outbreak and with the modified enhanced community quarantine still in effect.
In the virtual forum, IMI President and Chief Executive Officer Arthur R. Tan reported the company’s performance highlights. “Over the last 40 years, IMI has lived through several major upheavals… These experiences have allowed us to anticipate other disruptions, set up the structures and systems to weather them, emerging stronger and wiser. Our experience in 2020, though severe, was no different. We responded with both agility and prudence to the challenges and the opportunities brought about by the current crisis,” said Tan.
“The first half of the year presented much uncertainty, but we were able to rebound strongly in the second half allowing us to deliver full year revenues of US$1.14 billion, down by just 8.8% from the previous year. By the second half of the year, business activities started to pick up and by the end of December, the purchasing managers’ index was already at expansion mode at 53.8,” he asserted. IMI also streamlined their operating structure while focusing on manufacturing efficiency, “we were able to reduce our net loss to US$3.5 million [in 2020],” Tan added.
“Amid these operational achievements, we had our utmost priority clearly in mind – our people. From the onset of the pandemic, our priorities were clearly established: protecting our employees’ health and safety, ensuring business continuity while supporting our partners and the community around us,” said Tan.
The company commemorated its 40th anniversary last year.
Suggested Items
Connect the Dots: Designing for Reality—The Pre-Manufacturing Process
05/08/2024 | Matt Stevenson -- Column: Connect the DotsI have been working with Nolan Johnson on a podcast series about designing PCBs for the reality of manufacturing. By sharing lessons learned over a long career in the PCB industry, we hope to shorten learning curves and help designers produce better boards with less hassle and rework. Episode 2 deals with the electronic pre-manufacturing process. Moving from CAD (computer-aided design) to CAM (computer-aided manufacturing) is a key step in PCB manufacturing. CAM turns digital designs into instructions that machines can use to actually build the PCB.
All Flex Solutions Hires Mike Madetzke as Manager of R&D
05/08/2024 | All Flex SolutionsAll Flex Solutions is very pleased to announce that Mike Madetzke has joined their team as their new Manager of Research and Development.
Shane Whiteside of Summit Reflects on Today's PCB Landscape
05/08/2024 | I-Connect007 Editorial TeamSummit Interconnect began as a printed circuit board manufacturing company just eight years ago and has seen impressive growth organically and through acquisition. Summit President and CEO Shane Whiteside takes a few moments to share his thoughts on the growing PCB industry in the United States.
America Projected to Triple Semiconductor Manufacturing Capacity by 2032, the Largest Rate of Growth in the World
05/08/2024 | SIAThe Semiconductor Industry Association (SIA), in partnership with the Boston Consulting Group (BCG), released a report on the global chip supply chain that projects the United States will triple its domestic semiconductor manufacturing capacity from 2022—when the CHIPS and Science Act (CHIPS) was enacted—to 2032.
Coherix Partners with EMU on 'Factory of the Future' Technology Program
05/08/2024 | PRNewswireMichigan-based Coherix is working with Eastern Michigan University (EMU) in Ypsilanti to develop "factory-of-the-future" manufacturing and assembly technology.