IMI says core business already profitable

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IMI says core business already profitable
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Integrated Microelectronics, the electronics manufacturing arm of Ayala Corporation, said its core business is already profitable.

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Watch more on iWantTFC MANILA -- Integrated Microelectronics, the semiconductor manufacturing arm of Ayala Corporation, said its core business is already profitable, citing normalizing supply chains and inflation. IMI CEO Arthur Tan said some of their subsidiaries had to contend with challenging conditions in the earlier part of the year.

IMI in May signed a memorandum of agreement with US-based Zero Motorcycles to manufacture electric motorcycles.

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