Exclusive: IMI from the Philippines to cooperate with PM-AY in Israel
24 November, 2012
The details of the deal are not clear yet, but sources believe the two companies will combine resources to offer New Product Introduction (NPI) services for the Israeli market
The EMS giant from the Philippines, Integrated Micro-Electronics Inc. (IMI), is in final stages of cooperation agreement with PM-AY, an Israeli Electronics Manufacturing Services provider from Rosh-Pina, in the Northern of Israel.
Sources told TechTime that the , planned to visit Israel directly after electronica 2012 trade fair in Munich this month, but the visit postponed due to the fighting and rocket missiles attacks on Israel in 14-21 of November.
The details of the deal are not clear yet, but sources believe the two companies will combine resources to offer New Product Introduction (NPI) services for the Israeli market. Some sources mentioned that IMI may offer design services and migration path to larger scale production deals.
Cooperation with the Philippines partner may also target the growing offshore electronics production market, which today goes mainly to China. IMI is growing fast and becomes a mighty competitor to its Chinese peers.
IMI was established in 1980 as a joint venture between Ayala Corporation and Resins Inc. Today, IMI provides electronics manufacturing services (EMS) and power semiconductor assembly and test services (SATS) for diversified markets including those in the automotive, industrial, medical, solar energy, telecommunications infrastructure, storage device, and consumer electronics industries. IMI’s sales in 2011 grew 40% to $574 millions. The company employs about 16,000 workers in 17 plants around the world.