Integrated Micro-Electronics, Inc. (IMI) reported a core net loss of $24.6 million in 2024, primarily due to one-time restructuring expenses and asset impairments, despite generating $1.1 billion in total revenue, with $981 million from core businesses.
Ayala’s global manufacturing business, Integrated Micro-Electronics Inc. (IMI), continues to struggle as it shuts down its Chengdu, China facility to reduce costs as US President Donald Trump’s trade war threat looms over the world’s second-largest economy.
The Ayala Group’s manufacturing arm, Integrated Micro-Electronics Inc., is set to implement further cost-cutting measures to strengthen its bottom line amid persistent business challenges.
The Institute of Corporate Directors recognized Ayala group’s listed companies for their strong corporate governance, awarding them multiple Golden Arrows during the recognition event on Sept. 19.
Ayala Corp. listed manufacturing arm Integrated Micro-Electronics booked a net loss of $8.8 million during the first semester of the year while revenues slumped 18 percent to $566 million.
The Ayala Group's Integrated Micro-Electronics Inc. announced that its troubled German subsidiary, VIA optronics AG, will voluntarily delist its shares from the New York Stock Exchange (NYSE).