MANILA, Philippines — Integrated Micro-Electronics Inc. (IMI), the listed semiconductors and electronics manufacturing arm of the Ayala Group, has announced the consolidation of its China operations in a strategic move to further cut losses and return to profitability.
In a regulatory filing on Wednesday, IMI revealed that it would be shutting down its Kuichong facility and integrating its operations into the Pingshan facility over the coming weeks.
https://business.inquirer.net/550283/imi-down-from-4-to-just-1-factory-in-china
