Industrial News

Ayala-owned Integrated Microelectronics Inc. (IMI) reported heavy losses from its struggling German display subsidiary, VIA Optronics. IMI said it booked $13.3 million losses from its 50 percent-owned subsidiary VIA in 2024 as it cut back its operating staff in the face of rising competition and logistics costs as well as its inability to bounce back from the COVID pandemic. A big chunk of the losses or $4.3 million came from its decision to delist from the New York Stock Exchange last year. The delisting came after VIA ditched former CEO Jürgen Eichner for “cause,” citing material violations of fiduciary duties [...]

DENMARK-BASED logistics giant A.P. Moller is acquiring up to 40% of Ayala Corp.’s logistics subsidiary AC Logistics Holdings Corp. A.P. Moller Capital, through EMIF II Holding III B.V., will acquire the stake in AC Logistics under a share subscription agreement, subject to the final subscription price and the fulfillment of several conditions, including regulatory approvals and the achievement of certain business milestones, Ayala Corp. said in a regulatory filing on Thursday. Ayala Corp. did not provide further details on the transaction. A.P. Moller Capital, an affiliate of Danish logistics giant A.P. Moller Holding, is an infrastructure fund manager focused on [...]

Onsemi disclosed details of a proposal submitted to the Board of Directors of Allegro MicroSystems, Inc. to acquire the company for $35.10 per share in cash for each share of Allegro’s common stock on a fully diluted basis at an implied enterprise value of $6.9 billion. onsemi has made numerous attempts over the past six months to enter into constructive discussions regarding a potential transaction. The most recent Proposal was submitted to Allegro on February 12, 2025, and represents an increase over an initial $34.50 per share proposal submitted on September 2, 2024. “We believe the combination of onsemi and [...]

Synopsis "The CHIPS act is a horrible, horrible thing. We give hundreds of billions of dollars and it doesn't mean a thing. They take our money and they don't spend it," Trump said in a speech to Congress. President Donald Trump said Tuesday US lawmakers should get rid of a landmark 2022 bipartisan law to give $52.7 billion in subsidies for semiconductor chips manufacturing and production and use the proceeds to pay debt. "The CHIPS act is a horrible, horrible thing. We give hundreds of billions of dollars and it doesn't mean a thing. They take our money and they don't spend it," Trump said in [...]

Ayala Corporation, the country’s oldest conglomerate, is no longer selling manufacturing subsidiary Integrated Micro-electronics Inc. as the unit has managed to turnaround after measures were taken to cut losses. In an interview, Ayala Chief Finance Officer Alberto M. de Larrazabal said that they had put the company in the market last year but, since no deal was made, they have opted to get it into better share. “We’ve pulled it out of the market. We’re not entertaining offers at this point,” said Larrazabal noting that, when IMI was on the selling block last year, they did not get any good [...]

In the world of electronics and semiconductor manufacturing, few names resonate as strongly as Arthur R. Tan. Recently designated by President Ferdinand "Bongbong" Marcos Jr. (PBBM) as the Semiconductor and Electronics Industry Champion of the Philippines, Tan has become a leading force in the country’s technological revolution. As the President and CEO of Integrated Micro-Electronics, Inc. (IMI), Tan’s leadership has shaped both his company and the broader semiconductor and electronics sectors, driving growth, innovation, and global competitiveness. A Solid Foundation: Education and Early Career Arthur R. Tan’s journey began with a strong academic foundation in Electronics and Communications Engineering, which [...]

Based on the latest PSA data, the country’s trade balance – the difference between the value of exports and imports – expanded by more than three percent to a deficit of  $54.21 billion in 2024 from a $52.6-billion shortfall in 2023. As imports pick up while exports continue to drop MANILA, Philippines — The country’s trade shortfall widened to $54.21 billion in 2024, the highest trade gap in two years or since the December 2022 deficit of $57.65 billion, as imports increased while exports continued to deteriorate, according to the Philippine Statistics Authority. Based on the latest PSA data, the [...]

MANILA, Philippines — Ayala-led Integrated Micro-Electronics Inc. (IMI) is closing down its China facility as part of efforts to reduce business costs by focusing on strategic factories. In a disclosure to the Philippine Stock Exchange, IMI announced that all production works in its Chengdu hub have stopped since December 2024. IMI said the facility completed its commitments to clients and remaining customer projects were transferred to other sites owned by the company. Currently, IMI is working on concluding the closure process of the hub, starting with the transfer of assets and equipment, which has to be completed this month. Afterward, [...]

The Philippines lags behind Thailand, Indonesia, and Malaysia in attracting hyperscalers and global companies for their data center needs. According to Megawide chairman and CEO Edgar Saavedra, these countries are more appealing due to their lower power costs and attractive incentives, such as tax breaks. Power in Thailand, Indonesia, and Malaysia is 20% to 30% cheaper than in the Philippines, a significant factor for data centers, particularly those supporting artificial intelligence, said the construction magnate and engineer. “The government must take action, or we will truly be left behind,” said Saavedra, whose Megawide Corp. has a data center venture with [...]

The 39th edition of NEPCON JAPAN, Asia’s leading exhibition for electronics R&D, manufacturing, and packaging technology, returns to the iconic Tokyo Big Sight from January 22 to 24, 2025. Hosted by RX Japan, NEPCON JAPAN 2025 is expected to attract over 1,800* global exhibitors and 90,000* visitors alongside concurrent shows AUTOMOTIVE WORLD, Factory Innovation Week, WEARABLE EXPO, and SMART LOGISTICS Expo. (*expected including concurrent shows.) Cementing its role as an established one-stop venue for key players and decision-makers in the global electronics industry, NEPCON JAPAN 2025 has 7 specialized shows namely INTERNEPCON JAPAN, ELECTROTEST JAPAN, IC & SENSOR PACKAGING EXPO, ELECTRONICS COMPONENTS & MATERIALS [...]