AYALA-OWNED global manufacturing solutions provider Integrated Micro-Electronics Inc. (IMI) said Friday its revenues for the first half of 2017 rose 22 percent from a year earlier to $501 million (P25.17 billion), driven by recent acquisitions and expansion programs in its automotive and industrial segments.

In a disclosure to the stock exchange, it said revenues from Europe and Mexico soared 12 percent year-on-year to $171.5 million, while revenues from its China operation dipped 2 percent to $127.5 million due to the impact of soft market demand for network and wireless products and the delay of 5G technology.

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