The manufacturing portfolio of AC Industrials, a wholly owned subsidiary of Ayala Corporation, IMI is listed in the Philippine Stock Exchange.

IMI started on August 8, 1980 as a joint venture between Ayala Corporation and Resins, Inc. With its headquarters in Muntinlupa, they were just a workforce of around 100 employees with total fixed assets of US$3,700,290 and it is engaged in the assembly of integrated circuits.

In 1982, it took a contract manufacturing with its hard disk drive sub-assembly operations and, in 1986, it started the assembly of automotive hybrid integrated circuits.

[6] It previously had a manufacturing plant in Chengdu, but IMI decided to close it down in December 2024 as part of a broad streamlining and cost-cutting strategy, [7][8] after the company reported a net loss of P9.2 million in the first 9 months of 2024 as a result of prevailing soft market conditions.

IMI strengthened its presence in Europe and North America in 2011 through the acquisition of EPIQ NV subsidiaries in Bulgaria, the Czech Republic, and Mexico.

[10] In August 2016, IMI announced that it will acquire 76.01 percent stake in the optical bonding and display company, VIA optronics GmbH.

The company aims to obtain camera and display monitor technologies for advanced driver assistance systems (ADAS).

[11] IMI also acquired 80 percent stake of Surface Technology International (STI) Enterprise, in 2017, through the subsidiary Integrated Micro-Electronics UK Ltd. STI is an electronics design and manufacturing company that provides both printed circuit board assembly and full box-build manufacturing for industries such as aerospace and defense markets.

[14] In 2016, Ayala Corporation announced that it will consolidate its businesses in car dealership and industrial operations into a wholly owned subsidiary AC Industrials—this includes IMI.

A spun off from the D&D in 2016, the group focuses on developing vision-based products that support the different Advanced Driver Assistance Systems (ADAS) applications.

In 2017, The group synced with AME and TSD to become a one-stop shop solution for camera design, prototype development and mass production.

[26] IMI Japan, Inc. offers the services, such as technical, quality assurance, sales and commercial support, to answer the needs diverse range of Japanese-based OEMs.

[26] IMI received Circuit Assembly's 2007 Service Excellence Award for the Highest Overall Customer Ranking for medium-sized EMS company category.

[28] IMI ranks 23rd on the list of top EMS providers in the world based on 2023 EMS-related revenues as reported by Manufacturing Market Insider.

[29] It is also the 9th largest EMS player in the automotive industry as reported by New Venture Research based on 2023 EMS-related revenues.

The accreditation demonstrates technical competence for the scope specified by the PAB and the operation of a laboratory quality management system that meets the principles of ISO 9001:2008.

IMI began a sustainable community livelihood program through a partnership with ChildFund Foundation and Yakap sa Kaunlaran ng Bata, Inc. (YKBI).

Along with this organization IMI, provided the women from the Parents Association of San Pablo and Bay, Laguna, with 10 sewing machines to encourage them toward self-reliance and supplement their entrepreneurial skills.