Solectron Explained

Solectron Corporation
Type:Public company
Fate:liquidated by Flextronics[1]
Successor:Flex Ltd.
Foundation:1977
Defunct:2007
Industry:Electronics Manufacturing Services, product design and after sales services
Products:Consumer Electronics, Routers, Switches, TVs
Revenue: (2006)[2]

Solectron Corporation was an American electronics manufacturing company for original equipment manufacturers (OEMs). Solectron's first customer designed and distributed an electronic controller for solar energy equipment. The name "Solectron" was a portmanteau of the words "solar" and "electronics".[3]

Solectron had sales of around $12 billion a year, and employed 70,000 people in 23 countries.[4] The company was acquired by Flex on October 15, 2007.[5]

History

Solectron was established in 1977 to provide outsourced manufacturing services to third parties. It was a major manufacturer, but you would have not found its name on any products. Solectron founders Roy Kusumoto and Prabhat Jain saw a growing number of electronics companies in California's Silicon Valley. There was a need to provide printed circuit board assembly (PCBA) services, handling the manufacturing overflow from OEMs. Solectron aimed to provide high-tech companies the ability for their products to be produced and delivered more quickly and efficiently than their competition, and believed that their customers needed a greater level of service for assembly and manufacture of printed circuit boards, cellular phones, along the entire product supply chain.[6]

In 2007, Flextronics announced they buy Solectron for 3.6 billion dollars.[7]

Notes and References

  1. Web site: 2007-06-04 . Flextronics Buys Solectron for $3.6 Billion . 2024-11-22 . CNBC . en.
  2. https://web.archive.org/web/20070516212344/http://finance.google.com/finance?q=SLR SLR – Solitario Resources Corporation – Google Finance
  3. http://www.transparentc.com Industrial Automation
  4. News: Solectron - The invisible multinational. https://web.archive.org/web/20190424181535/http://www.bbc.co.uk/worldservice/specials/151_globalgiants/page10.shtml. dead. 2019-04-24.
  5. News: Flextronics Buys Solectron for $3.6 Billion. Reuters. 2007-06-04. CNBC. 2017-06-01.
  6. Web site: Home . transparentc.com.
  7. Web site: 2007-06-04 . Flextronics Buys Solectron for $3.6 Billion . 2024-11-22 . CNBC . en.