Solectron
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Headquarters in Milpitas, California | |
Company type | Public company |
---|---|
NYSE: SLR | |
Industry | Electronics Manufacturing Services, product design and after sales services |
Founded | 1977 |
Defunct | 2007 |
Fate | Purchased by Flextronics |
Successor | Flex |
Products | Consumer Electronics, Routers, Switches, TVs |
Revenue | US$10.56 billion (2006)[1] |
Solectron Corporation was an American electronics manufacturing company for original equipment manufacturers (OEMs). It was the first electronics manufacturing services (EMS) industry in 1977.[citation needed] 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".[2]
Solectron had sales of around $12 billion a year, and employed 70,000 people in 23 countries.[3] The company was acquired by Flex on October 15, 2007.[4]
History
[edit]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.[5]
Management succession
[edit]Michael R. Cannon was named president and chief executive officer in January 2003.[6]
References
[edit]- ^ SLR – Solitario Resources Corporation – Google Finance
- ^ Industrial Automation
- ^ "Solectron - The invisible multinational". Archived from the original on 2019-04-24.
- ^ "Flextronics Buys Solectron for $3.6 Billion". CNBC. Reuters. 2007-06-04. Retrieved 2017-06-01.
- ^ "Home". transparentc.com.
- ^ Michael R. Cannon
External links
[edit]- 1977 establishments in California
- 2007 disestablishments in California
- 2007 mergers and acquisitions
- Companies formerly listed on the New York Stock Exchange
- Computer companies disestablished in 2007
- Computer companies established in 1977
- Defunct companies based in the San Francisco Bay Area
- Defunct computer companies of the United States
- Defunct computer hardware companies
- Electronics companies disestablished in 2007
- Electronics companies established in 1977
- Defunct electronics companies of the United States
- NCR Corporation
- Technology companies based in the San Francisco Bay Area
- Technology companies disestablished in 2007
- Technology companies established in 1977