Powering the Future: Why Thermal Management Defines the Future of Electronics
Standard of Excellence: Engineering Is the New Sales—How Technical Collaboration Wins Business
SMT Perspectives & Prospects: Artificial Intelligence, Part 7—Data Module 2
IMI Announces 2022 Q3 Earnings
November 7, 2022 | IMIEstimated reading time: 1 minute
Integrated Micro-Electronics, Inc. (IMI) posted consolidated revenues of US$1.04 billion in the first nine months of 2022, a seven percent growth compared to the same period last year. Revenues for the quarter were at US$351 million, with a gross profit of US$28.5 million for an 8.1% margin, an improvement compared to the 7.1% margin in the first half of 2022. Although challenges in supply chain headwinds have only begun to improve, price adjustment and operating efficiency initiatives by the company have shown better operating results, ending the quarter with a group net income of US$806 thousand.
IMI has executed various cost recovery programs that aim to recoup lost profits due to the increased raw material cost from the extended component shortage of the past two years. Despite continuing challenges from the weak Euro and Renminbi, and inflationary pressure in labor and energy markets, core businesses ushered improvements in financial performance, with wholly-owned subsidiaries achieving US$ 3.8 million of net income in Q3. VIA Optronics and STI Limited margins, on the other hand, have improved against the previous quarters at a slower pace as they continue to face challenging competitive landscapes; these non-wholly-owned subsidiaries ended the quarter with a combined net loss of US$ 3 million.
“Revenue growth is being driven by the automotive and industrial segments, improving 13% and 16% respectively in the first nine months of 2022 compared to last year. The company remains focused on the successful ramp-up of recent key wins in the electric vehicle space that are expected to help drive the company’s growth moving forward,” said IMI President Jerome Tan.
Share on:
Testimonial
"Our marketing partnership with I-Connect007 is already delivering. Just a day after our press release went live, we received a direct inquiry about our updated products!"
Rachael Temple - AlltematedSuggested Items
Global Sourcing Spotlight: The True Cost of Low Cost
03/25/2026 | Bob Duke -- Column: Global Sourcing SpotlightThere’s an illusion in global sourcing that cheaper means better business. For decades, procurement teams received rewards for driving down unit prices, without realizing how many zeros those “savings” add to the other side of the ledger. With today’s volatile, interconnected supply chains, the lowest price is rarely the lowest cost.
From PEDC to APEX: Banyan.eco’s Disruptive AI for EMS and OEM Companies
03/17/2026 | Marcy LaRont, I-Connect007The electronics industry’s struggle with supply chain resilience and increasing regulatory complexity has created a costly compliance challenge for OEMs and EMS providers alike. At the same time, advances in artificial intelligence are opening new possibilities for automating some of the industry’s most data-intensive tasks. At the Pan-European Design Conference (PEDC), Banyan.eco cofounder Francis D’Souza introduced a new approach that combines AI-driven data acquisition with a deterministic verification layer to eliminate compliance risk from AI hallucination and dramatically improve productivity.
Fresh PCB Concepts: Cost Stability in a Period of Copper and Gold Volatility
02/12/2026 | Team NCAB -- Column: Fresh PCB ConceptsAnyone who works with PCBs in any capacity right now can feel that copper and laminate prices are not stagnant, gold price is increasing even faster, and the impact shows up quickly on PCB quotations. For many design teams, this feels like a force outside their control. Raw materials go up, and the board cost goes with it. I want to highlight that many of these swings are manageable.
Global Sourcing Spotlight: The New Landscape of Manufacturing
02/11/2026 | Bob Duke -- Column: Global Sourcing SpotlightFor decades, manufacturing followed a familiar pattern: design in the West, production in China, and distribution elsewhere. That map no longer works. The shocks of the past five years—the pandemic shutdowns, trade wars, logistics meltdowns, and geopolitical uncertainty—have redrawn the boundaries of global manufacturing. The question every OEM is asking isn’t “How cheap can we make it”? but “How certain are we that we can obtain it?” We are witnessing a seismic shift in the landscape of making things. The work hasn’t disappeared; it’s just moving.
Learning with Leo: The Cost of Training on Skills and Knowledge Development
01/07/2026 | Leo Lambert -- Column: Learning With LeoThe ability to manufacture electronic products requires specific skills and knowledge, which have traditionally been developed through on-the-job experience and training. These experiences and training programs are expensive to implement, yet they are necessary to meet customer demands and remain competitive in the marketplace. Today, manufacturers, including government contractors, rely on industrial specifications in the design, fabrication, and assembly of electronic products.