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Ayala electronics unit grows with autonomous cars, e-vehicles

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ABS-CBN News

MANILA - Integrated Micro-Electronics Inc said Monday it is now the fifth largest supplier of automotive electronic manufacturing services globally in terms of revenue.The Ayala Corp subsidiary said it rose one notch from sixth place at the end of 2017 as revenues climbed to $446 million from $378 million at the end of 2016, citing a report from New Venture Research.&quot;With the advent of autonomous cars and electric vehicles, demand has increased dramatically and will continue to do so as technologies evolve,&quot; IMI told the stock exchange.

The Ayala Corp subsidiary said it rose one notch from sixth place at the end of 2017 as revenues climbed to $446 million from $378 million at the end of 2016, citing a report from New Venture Research.

The Ayala Corp subsidiary said it rose one notch from sixth place at the end of 2017 as revenues climbed to $446 million from $378 million at the end of 2016, citing a report from New Venture Research.