-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueBox 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.
Boost Your Sales
Every part of your business can be evaluated as a process, including your sales funnel. Optimizing your selling process requires a coordinated effort between marketing and sales. In this issue, industry experts in marketing and sales offer their best advice on how to boost your sales efforts.
- 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
Elevating PCB Design Engineering With IPC Programs
04/24/2024 | Cory Blaylock, IPCIn a monumental stride for the electronics manufacturing industry, IPC has successfully championed the recognition of the PCB Design Engineer as an official occupation by the U.S. Department of Labor (DOL). This pivotal achievement not only underscores the critical role of PCB design engineers within the technology landscape, but also marks the beginning of a transformative journey toward nurturing a robust, skilled workforce ready to propel our industry into the future.
Fujitsu, METRON Collaborate to Drive ESG Success
04/24/2024 | JCN NewswireFujitsu Limited and METRON SAS, a French cleantech company specializing in energy management solutions for industrial decarbonization, today announced a strategic initiative to contribute to the realization of carbon neutrality in the manufacturing industry.
Real Time with... IPC APEX EXPO 2024: Final Finishes and IC Substrate Manufacturing
04/24/2024 | Real Time with...IPC APEX EXPOEditor Marcy LaRont and Richard DePoto, Uyemura's Business Development Manager, engage in a comprehensive discussion about the positive aspects of the show, the benefits of RAIG in final finishes, and the hurdles faced when upgrading your surface finish. Also discussed are the role of Uyemura's MEC pretreatment agents in IC substrate manufacturing and the importance of collaboration and knowledge sharing.
Women MAKE Awards Recognizes GlobalFoundries’ Jennifer Robbins and Katelyn Harrison for Manufacturing Excellence
04/24/2024 | GlobalFoundriesThe Manufacturing Institute (MI)—the workforce development and education affiliate of the National Association of Manufacturers—honored two outstanding women from GlobalFoundries (GF) at their annual Women MAKE Awards. Jennifer (Jenny) Robbins, Senior Director, Central Facilities, was recognized as a 2024 Women MAKE Awards Honoree, while Katelyn Harrison, Senior Integration Engineer, was honored as an Emerging Leader.
GlobalFoundries Commits to Achieving Net Zero Emissions and Carbon-Neutral Power by 2050
04/23/2024 | GlobalFoundriesGlobalFoundries (GF) is furthering its commitment to sustainable operations and fighting climate change with the announcement of two new long-term goals to achieve net-zero greenhouse gas (GHG) emissions and 100% carbon-neutral power by 2050.