Strong demand boosts IMI net profit to $11.3M in H1

Listed semiconductor and electronics firm Integrated Micro-Electronics Inc. (IMI) said its net profit in the first six months of the year soared more than five times from a year earlier to $11.3 million as demand for its telecommunications, infrastructure and electronics devices surged across its markets.

“We maintain our profitable growth trajectory, driven by increased demand from customers in the telecommunications infrastructure, automotive electronics, and storage device markets. More important, we have a healthy sales pipeline, especially for the automotive segment,” said Arthur Tan, IMI president and chief executive officer.