Two global Filipino electronics companies form strategic alliance
Jun 08, 2006
IMI establishes a strategic alliance with PSi Technologies, Inc. to promote Philippine electronics industry
Integrated Microelectronics Inc. (IMI), a leading electronics manufacturing service (EMS) provider in Asia, recently established a strategic partnership with PSi Technologies Inc., a NASDAQ-listed semiconductor assembly company.
Under the partnership, IMI would promote PSi Technologies' power semiconductor assembly and test services to its foreign clients while PSi Technologies markets IMI's electronics manufacturing services to its own customers.
According to Arthur R. Tan, IMI president and chief executive officer, "This is the first time that two Filipino global electronics companies have come together to promote Philippine electronics industry."
He added, "We have strategically formed an alliance with PSi Technologies so that when their customers require not only their capability in providing power components, we can provide a streamlined supply value chain in building their products for them."
IMI's merger last year with Singapore-based Speedy-Tech Electronics Ltd added the latter's capabilities in design, development, and manufacturing of power electronics products to IMI's capabilities.
PSi Technologies could also tap IMI's subsidiary Speedy-Tech for EMS and original design manufacturing (ODM) projects on power electronics.
IMI's partnership with PSi Technologies is patterned after its deals to cooperate with foreign EMS companies - Hansatech in the UK, Pensar Electronic Solutions in the US, BuS Elektronik in Germany, and Pulax Corporation in Japan - on getting outsourcing contracts.