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Product category: Design and Development Software
News Release from: IMEC
Edited by the Electronicstalk Editorial Team on 02 May 2002

R and D expands as IMEC revenues rise

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IMEC has revealed its financial results for 2001.

IMEC has revealed its financial results for 2001 Despite the weak economical situation and the severe downturn of the semiconductor industry, probably the worst year in its history, IMEC managed to increase its contract income by 22%

This result indicates that IMEC continues to develop internationally into a center that is highly attractive for industry to jointly carry out research and development.

In 2001, IMEC's self-generated income rose by 22% to Eur 91.1 million.

Today, IMEC generates 76% of its total budget (Eur 119.8 million), the remaining 24% being funded by the Flemish Government.