Flextronics

Flextronics International Ltd.

Type	Public
Traded as	NASDAQ: FLEX
Industry	Electronic manufacturing services
Founded	1969
Founder(s)	Joe McKenzie and Barbara Ann McKenzie
Headquarters	Singapore
Key people	Mike McNamara, CEO
Website	http://www.flextronics.com

Flextronics International Ltd. (simply known as Flextronics or Flex) is a Singaporean electronics manufacturing services provider that offers services to original equipment manufacturers (OEM). It also provides supporting supply chain services, including packaging and transportation throughout the world, as well as design and after-sales. Flextronics in 2011 was ranked, according to CircuitsAssembly.com, ^[1] as the second global Electronics Manufacturing Services (EMS) by revenue.

The company offers manufacturing and design services within several markets including automotive, computing, consumer, industrial, infrastructure, medical and mobile. In addition, the company operates five branded business units — Multek, a provider of multi-layer printed and flexible circuit boards, interconnect technologies and complex displays; Vista Point Technologies (VPT), which offers camera modules for use in consumer devices and mobile phones; Global Services, which focuses on logistics, reverse logistics and repair operations; FlexPower, a provider of semi-custom and custom power supplies and battery chargers; and Retail Technical Services, a field services organization for customer operations.

Flextronics has manufacturing operations in over 30 countries, totaling approximately 27.2 million square feet (as of March 2009).

History

On June 4, 2007, Flextronics offered to purchase Solectron for US$3.6 billion and thus making Solectron a subsidiary of Flextronics. The acquisition of Solectron was completed by end of October 2007, earlier than anticipated.

On March 18, 2009, Flextronics was invited to ring the NASDAQ stock market opening bell, signifying the day’s start of trading and celebrated 15 year NASDAQ-listed anniversary. Mike McNamara (CEO) and a group of top executives represented the company at the ringing of the bell.^{[citation needed]}

On August 25, 2009, Flextronics announced that it was chosen by LG Electronics (LGE), a global provider of advanced digital products and applied technologies, to manufacture 19, 22, 26, 32, and 37-inch LCD television receivers at its Juarez, Mexico facility for distribution to the North and South American markets.^[2]

On September 2, 2009, Flextronics announced that Multek received Danaher Test and Measurement's 2009 Outstanding Supplier Award. The award was given based on quality, delivery performance, engineering support and cost for work with two of Danaher's business units, Tektronix and Fluke.^[3]

On September 15, 2010, Flextronics announced that it had been chosen by Brammo, Inc., a global leader in the electric motorcycle business, to be its manufacturing partner for the production and distribution of plug-in electric motorcycles and components. The partnership represented an expansion of Flextronics' Automotive Division's portfolio for battery powered vehicles and complemented its expertise in high voltage and energy recuperation for the automotive market.^[4]

Timeline

• 1969: Founded in Silicon Valley as Flextronics, Inc., by Joe McKenzie.
• 1980: Sold to Bob Todd, Joe Sullivan, and Jack Watts as the new owners. Todd became CEO.
• 1981: Becomes the first U.S. manufacturer to go offshore by setting up a manufacturing facility in Singapore.
• 1987: Went public.
• 1990: Return to private in a leveraged buyout and is reorganized as Flextronics International, Ltd., with Singapore as its new base.
• 1993: Received venture capital funding through Sequoia Capital.^[5]
• 1994: Went public for the second time. Michael Marks became CEO in January 1994.
• 1996: Closed its contract electronic manufacturing plant in Richardson, Texas. Acquired two companies in Hong Kong, the Astron Group and FICO Plastics, Ltd., and the Ericsson Business Networks production facility in Karlskrona, Sweden.
• 1998: Annual revenue surpasses $1 billion in fiscal 1998 ending March 31, 1998.
• 2000: Ranked third on Industry Week's list of "100 Best-Managed Companies".
• 2005: Bought out the manufacturing division of Nortel Networks.
• 2007: Purchased Solectron.
• 2008: $16-billion global electronics manufacturing services provider.
• 2009: Entered the solar industry.
• 2010: Agreement with Lenovo to provide manufacturing for Europe.
• 2010: Agreement with Brammo to provide acquisition and manufacturing in North America, Asia, and Europe.^[6]
• 2011: Flextronics to provide electromechanical design services to CSP developer eSolar.^[7]
• 2012: Flextronics agrees to sell Vista Point Technologies camera module business subsidiary to DigitalOptics Corp., a wholly owned subsidiary of Tessera Technologies.^[8]

Customers

Since 2005, Flextronics has a contract from Microsoft to build the Zune,^[9] Xbox^[10] and Xbox 360.^[11]

After a series of losses, the LEGO Group contracted most of their production capabilities to Flextronics.^[12]

As of January 2010, Flextronics' largest customers include Cisco Systems (consumer electronics products), Eastman Kodak (digital cameras and self-service kiosks), Ericsson Telecom AB (business telecommunications systems and GSM infrastructure), Hewlett-Packard (inkjet printers and storage devices), Microsoft (computer peripherals and consumer electronics gaming products), Motorola (cellular phones and telecommunications infrastructure), Research in Motion (RIM) (smartphones and other mobile communication devices), Sony-Ericsson (cellular phones), Lenovo (commercial desktops, server and workstation products), Dell Computer Corporation (AC adapters for portable computers), Western Digital (hard drives), and Oracle (formerly Sun Microsystems) (network computing infrastructure products).^[13] Their RTS division is also contracted by Verizon Wireless for in-store technical support services^{[14] [15]}

In July 2011 former Flextronics' senior director pleaded guilty in insider probe on selling information about Apple's iPhone 4, supplies materials of which for manufacturing is partially coordinated by the company. [1]

Notes

External links

• Official website
• Multek Website
• Vista Point Technologies Website
• EMS Research On Flextronics By iSuppli
• EMS News
• Flextronics SBS Website

Companies portal

v t e Companies of the NASDAQ-100 index Activision Blizzard Adobe Akamai Alexion Pharmaceuticals Altera Amazon.com Amgen Apollo Group Apple Applied Materials Autodesk ADP Avago Baidu Bed Bath & Beyond Biogen Idec BMC Software Broadcom C.H. Robinson CA Technologies Celgene Cerner Check Point Cisco Citrix Cognizant Comcast Costco Ctrip Dell Dentsply DirecTV Dollar Tree eBay Electronic Arts Expedia Expeditors International Express Scripts F5 Networks Fastenal Fiserv Flextronics Fossil Garmin Gilead Sciences Google Green Mountain Coffee Roasters Henry Schein Infosys Intel Intuit Intuitive Surgical KLA Tencor Lam Research Liberty Interactive Life Technologies Linear Technology Marvell Mattel Maxim Integrated Products Microchip Technology Micron Technology Microsoft Monster Beverage Mylan NetApp Netflix News Corporation Nuance Communications Nvidia O'Reilly Auto Parts Oracle Paccar Paychex Perrigo Priceline.com Qualcomm Randgold Resources Research In Motion Ross Stores SanDisk Seagate Sears Sigma-Aldrich Sirius XM Radio Staples Starbucks Stericycle Symantec Teva Pharmaceutical Texas Instruments Verisign Vertex Pharmaceuticals Virgin Media Vodafone Warner Chilcott Whole Foods Market Wynn Resorts Xilinx Yahoo!