Solectron
{{Short description|American electronics manufacturing company}}
{{primary sources|date=April 2013}}
{{Infobox company
| name = Solectron Corporation
| logo = Solectron logo.svg
| image = Solectron hq.JPG
| image_caption = Headquarters in Milpitas, California
| type = Public company
| traded_as = {{NYSE was|SLR}}
| fate = liquidated by Flextronics
| successor = Flex Ltd.
| foundation = 1977
| defunct = 2007
| industry = Electronics Manufacturing Services, product design and after sales services
| products = Consumer Electronics, Routers, Switches, TVs
| revenue = {{US$|10.56 billion|link=yes}} (2006)[https://web.archive.org/web/20070516212344/http://finance.google.com/finance?q=SLR SLR – Solitario Resources Corporation – Google Finance]
}}
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".[http://www.transparentc.com Industrial Automation]
Solectron had sales of around $12 billion a year, and employed 70,000 people in 23 countries.{{Cite news|url=http://www.bbc.co.uk/worldservice/specials/151_globalgiants/page10.shtml|archive-url=https://web.archive.org/web/20190424181535/http://www.bbc.co.uk/worldservice/specials/151_globalgiants/page10.shtml|url-status=dead|archive-date=2019-04-24|title=Solectron - The invisible multinational}} The company was acquired by Flex on October 15, 2007.
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.{{cite web |url=http://www.transparentc.com/ |title=Home |website=transparentc.com}}
In 2007, Flextronics announced they would buy Solectron for 3.6 billion dollars.{{Cite web |date=2007-06-04 |title=Flextronics Buys Solectron for $3.6 Billion |url=https://www.cnbc.com/2007/06/04/flextronics-buys-solectron-for-36-billion.html |access-date=2024-11-22 |website=CNBC |agency=Reuters |language=en}}
References
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{{Portal|Companies|San Francisco Bay Area}}
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Category:1977 establishments in California
Category:2007 disestablishments in California
Category:2007 mergers and acquisitions
Category:Companies formerly listed on the New York Stock Exchange
Category:Computer companies disestablished in 2007
Category:Computer companies established in 1977
Category:Defunct companies based in the San Francisco Bay Area
Category:Defunct computer companies of the United States
Category:Defunct computer hardware companies
Category:Electronics companies disestablished in 2007
Category:Electronics companies established in 1977
Category:Defunct electronics companies of the United States
Category:Technology companies based in the San Francisco Bay Area