IMI started on August 8, 1980 as a joint venture between
Ayala Corporation and Resins, Inc. With its headquarters in
Muntinlupa, they were just a workforce of around 100 employees with total fixed assets of US$3,700,290 and it is engaged in the assembly of
integrated circuits. In 1982, it took a contract manufacturing with its hard disk drive sub-assembly operations and, in 1986, it started the assembly of automotive
hybrid integrated circuits. In the year 1988, the company ventured into custom printed circuit board assembly and operations and in the next years, it offered standard
printed circuit board assembly services with the acquisition of
automated surface mounting equipment, and eventually, full product assembly and
flexible printed circuit board assembly operations. The company moved its manufacturing site in 1995 from
Cupang,
Muntinlupa to its present location at the Laguna Technopark. In 1998, IMI commenced offering hardware and software design services, that transitions the company to a total
electronics manufacturing service provider. By 2001, IMI had three manufacturing sites in the
Philippines. As of 2024, IMI has 18 manufacturing sites of 410,901 SQM with more than 10,368 employees across 8 countries. From an
EMS company, it expanded its scope to include
EMS and
Power Semiconductor Assembly and Test Services. IMI is also into prototyping, manufacturing, product test development, testing and order fulfillment.
Global expansion IMI has several sites in North America, Europe, and Asia, where it provides services to
original equipment manufacturers (OEMs). and the Speedy-Tech Electronics Ltd of
Singapore. The acquisition of Speedy-Tech eventually led to the establishment of IMI's presence in
China—through three facilities, namely, two in
Shenzhen and one in
Jiaxing. It previously had a manufacturing plant in Chengdu, but IMI decided to close it down in December 2024 as part of a broad streamlining and cost-cutting strategy, after the company reported a net loss of P9.2 million in the first 9 months of 2024 as a result of prevailing soft market conditions at the time. IMI strengthened its presence in Europe and North America in 2011 through the acquisition of EPIQ NV subsidiaries in
Bulgaria, the
Czech Republic, and
Mexico. In September 2016, IMI acquired a 76 percent stake in the optical bonding and display solutions company, VIA optronics GmbH for 47.4 million euros financed through debt, hoping to break into the business of automotive cameras and display monitor solutions for advanced driver assistance systems. Unfortunately, the business was hit by the pandemic and never recovered. In March 2024, it booked a loss of $13.3 million due to rising competition and logistics costs and exacerbated by a scandal related to financial irregularities involving its former CEO and founder Jürgen Eichner, culminating with its decision to delist its shares in the New York Stock Exchange. In November 2025, IMI finally decided to sell its 50.32% controlling stake in the company to Kronen 3140 GmbH as part of its effort to refocus on its core strength in EMS services. IMI also acquired 80 percent stake of Surface Technology International (STI) Enterprise, in 2017, through the subsidiary Integrated Micro-Electronics UK Ltd. STI is an electronics design and manufacturing company that provides both printed circuit board assembly and full box-build manufacturing for industries such as aerospace and defense markets. It has two manufacturing sites in
United Kingdom, as well as in
Cebu,
Philippines, and a design center in
London.
Domestic expansion In 2010, IMI acquired
PSi Technologies, a power semiconductor assembly and test service provider. The company bought the minority shares of PSi Technologies in 2014. In January 2015, IMI acquired the remaining shares of PSi from private investment firms Narra Venture Capital II LP and Narra Associates II Limited. In 2016,
Ayala Corporation announced that it will consolidate its businesses in car dealership and industrial operations into a wholly owned subsidiary
AC Industrials—this includes IMI. IMI has the major role of being the manufacturing arm of AC Industrials for its wide range of portfolio. The first project was the motorcycle assembly factory in partnership with
KTM AG group under KTM Asia Motorcycle.
Stock exchange listing On January 21, 2010, IMI listed 1.137 billion common shares in the
Philippine Stock Exchange. It has completed its follow-on offering and listing of 215,000,000 common shares on December 5, 2014. IMI has 1,856,899,921 outstanding shares, as of March 31, 2015. ==Capabilities==