BIÑAN, PHILIPPINES – Integrated Micro-Electronics announced sales of $275.67 million for the second quarter, a decrease of 20% from last year's second quarter.

The company's net loss for the quarter was $5.1 million, compared to $82.91 million a year ago.

For the six months of the year, the company's sales were down 18.1% from the first six months of 2023, totaling $565.8 million.

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