SEMICONDUCTOR manufacturer Integrated Micro-Electronics, Inc. (IMI) last week launched a new power module facility, called Insulated Gate Bipolar Transistor Module, amid forecasts that the market will be the next big thing in the electronics industry.
The company expects the new facility to boost its earnings, citing a study by research solutions firm HIS, Inc. that says the power module market might account for about 30 percent of the total semiconductor market by 2019.
The new facility will produce and process development of power modules. These modules serve as terminal power semiconductor devices, such as electronic switches that allow switching of electric power on trains, refrigerators, lamp ballasts, air conditioners, solar applications, motion devices, and anything that needs electric switching for power efficiency.
“IMI is one of the few companies in the world capable of handling not only the electronics manufacturing side of the power modules, but also the power semiconductor side of it,” IMI President and Chief Executive Officer Arthur Tan said in a statement. “IMI has the capability to scale and produce within a wide breadth of module specifications.”
Tan added, “The power module business is very much aligned with IMI’s strategy of offering innovative solutions, which will impact our top and bottom lines. Further, it is in line with the expanding business in our target markets of automotive and industrial segments.”
IMI has a wide range of product portfolio for the automotive sector (38 percent), telecommunications (21 percent), industrial (12 percent), consumer (12 percent), computing (6 percent), medical (3 percent), multiple markets, and others (8 percent).
The company saw a five-percent rise in its nine-months net income to $22 million from $21 million a year ago. This was despite revenues dipping by four percent to $621.5 million from the same period in 2014.
Its Philippine operations take up 25 percent of revenues, while the rest are from its international units—39 percent from China and Singapore and 32 percent from Europe and Mexico.
Started in 1980, IMI is a subsidiary of Ayala Corp. engaged in the manufacture of semiconductors and electronic devices.