![]() | |
Company type | Public |
---|---|
Industry | Electronics Manufacturing Services [1] |
Founded | 1966Detroit, Michigan, U.S. | in
Founders |
|
Headquarters | St. Petersburg, Florida, U.S. |
Number of locations | 30 countries [2] |
Area served | Worldwide |
Key people | Mark Mondello (Chairman) [3] Mike Dastoor (CEO) Gregory Hebard (CFO) |
Revenue | ![]() |
![]() | |
![]() | |
Total assets | ![]() |
Total equity | ![]() |
Number of employees | 236,000 (2023) [3] |
Website | jabil |
Footnotes /references [4] |
Jabil Inc. is an American multinational manufacturing company involved in the design, engineering, and manufacturing of electronic circuit board assemblies and systems, along with supply chain services, primarily serving original equipment manufacturers. [5] [6] It is headquartered in the Gateway area of St. Petersburg, Florida. It is one of the largest companies in the Tampa Bay area. [7] [8]
Founded in 1966 in the Detroit area, Jabil initially focused on circuit board assembly production and repair for Control Data Systems. [5] The company name, Jabil, derives from the combination of the first names of its founders, James Golden and Bill Morean. [5] After Golden exited the business, Bill Morean's son, William, joined the company and gradually began to shape its direction by signing new contracts, including an offer to purchase a majority stake in the company. [5]
In 1979, Jabil established a high-volume manufacturing partnership with General Motors (GM), moving towards automated manufacturing and advanced assembly technology. [5]
In 1981, Jabil introduced independent test engineering and development services. [5] A year later, the company started volume production of circuit boards with manual surface-mount technology (SMT) processes. [5] By 1984, Jabil had implemented computer-aided design services for production. [5] A year later, the company transitioned to highly automated volume production using SMT processes. [5] Towards the end of the 1980s, Jabil adopted the automated tape-automated bonding (TAB) process for circuit board production. [5] [9]
In 1982, Jabil moved its headquarters from Detroit to St. Petersburg, Florida. [5]
In April 1993, Jabil became a publicly traded company, listing its shares on the New York Stock Exchange. [10] [11]
In 1997, Jabil expanded its manufacturing capacity and workforce, completing a new 120,000-square-foot building in St. Petersburg. [5]
In 2001, Jabil was added to the S&P 500 Index. [12]
In 2013, William D. Morean retired and was succeeded by Timothy Main as board chairman. [13] [14] Later, William E. Peters was named president and Mark Mondello was appointed CEO. [14]
In 2014, Jabil was moved from the S&P 500 Index to the S&P MidCap 400 Index. [15]
In 2017, Jabil announced that it would be closing its first European international plant in Livingston, United Kingdom, by the end of the year. Two hundred sixty-six employees in Livingston would lose their jobs. [16] Jabil laid off approximately 400 people in September 2016, 100 of those being corporate employees located in St. Petersburg Florida. [17] In March 2024, the company announced it would lay off 120 workers in Vancouver, Washington. [18]
In January 2023, it was reported that Jabil had started manufacturing components for AirPods in India. [19] In December 2023, Jabil rejoined the S&P 500 index. [20] [21]
On 19 April 2024, Jabil announced that CEO Kenny Wilson would take paid leave pending an investigation related to company policies, although not affecting the company's financial statements or reporting. Following Wilson's leave, which began on April 15, CFO Michael Dastoor was appointed as interim CEO by the board of directors. [22] Following the completion of the investigation, Wilson resigned from the company and Dastoor was named CEO. [23]
Jabil has acquired numerous companies and arms of companies. Their acquisitions have expanded their presence in countries such as China, Mexico, India, Spain, the Netherlands and Russia. [4] [24]
In 1999, Jabil began its operations in China by acquiring GET Manufacturing. [25] [26] [27]
In 2001, Jabil expanded its manufacturing capability and acquired Intel's manufacturing facility in Malaysia. [28] A year later, the company acquired a factory of Lucent Technologies in Shanghai. [29] [30] In 2002, the company also acquired contract manufacturing services of Philips. [31] [32] [33]
In 2005, Jabil acquired Varian's electronics manufacturing business for $195 million. [34] [35] [36] A year later, Jabil expanded its operations to Taiwan and acquired Green Point for $881 million through its subsidiary Jabil Circuit Taiwan. [37] [38]
In 2011, Jabil acquired Telmar Network, a communication network service provider based in Texas. [39] [40]
In February 2013, Jabil acquired Nypro for $665 million in cash. [41] The purchase was completed in July 2013. [42] [43]
In 2015, Jabil acquired Shemer Group, an Israeli metal fabrication company specializing in contract manufacturing for high-tech capital equipment manufacturers. [44] [45] In the same year, the company acquired Plasticos Castella, a Spain-based food and consumer packaging manufacturer. [46]
In 2018, Jabil acquired the medical devices business of Johnson & Johnson. [47] [48]
In 2021, Jabil acquired Ecologic Brands. [49]
In August 2023, Jabil sold its mobility business in China to BYD. [49] In November 2023, Jabil acquired the Silicon Photonics business of Intel. [50] [51]
Lucent Technologies, Inc. was an American multinational telecommunications equipment company headquartered in Murray Hill, New Jersey. It was established on September 30, 1996, through the divestiture of the former AT&T Technologies business unit of AT&T Corporation, which included Western Electric and Bell Labs.
National Semiconductor was an American semiconductor manufacturer which specialized in analog devices and subsystems, formerly with headquarters in Santa Clara, California. The company produced power management integrated circuits, display drivers, audio and operational amplifiers, communication interface products and data conversion solutions. National's key markets included wireless handsets, displays and a variety of broad electronics markets, including medical, automotive, industrial and test and measurement applications.
Celestica Inc. is an American-Canadian multinational design, manufacturing, hardware platform, and supply chain electronics manufacturing services (EMS) company headquartered in Toronto, Ontario. The company operates in 50 sites across 15 countries.
Synopsys, Inc. is an American electronic design automation (EDA) company headquartered in Sunnyvale, California, that focuses on silicon design and verification, silicon intellectual property and software security and quality. Synopsys supplies tools and services to the semiconductor design and manufacturing industry. Products include tools for logic synthesis and physical design of integrated circuits, simulators for development, and debugging environments that assist in the design of the logic for chips and computer systems. As of 2023, the company is a component of both the Nasdaq-100 and S&P 500 indices.
Applied Materials, Inc. is an American corporation that supplies equipment, services and software for the manufacture of semiconductor chips for electronics, flat panel displays for computers, smartphones, televisions, and solar products. The company also supplies equipment to produce coatings for flexible electronics, packaging and other applications. The company is headquartered in Santa Clara, California, and is the second largest supplier of semiconductor equipment in the world based on revenue behind ASML of Netherlands.
Micron Technology, Inc. is an American producer of computer memory and computer data storage including dynamic random-access memory, flash memory, and USB flash drives. It is headquartered in Boise, Idaho. Its consumer products, including the Ballistix line of memory modules, are marketed under the Crucial brand. Micron and Intel together created IM Flash Technologies, which produced NAND flash memory. It owned Lexar between 2006 and 2017.
Lattice Semiconductor Corporation is an American semiconductor company specializing in the design and manufacturing of low power field-programmable gate arrays (FPGAs). Headquartered in the Silicon Forest area of Hillsboro, Oregon, the company also has operations in San Jose, Calif., Shanghai, Manila, Penang, and Singapore. Lattice Semiconductor has more than 1000 employees and an annual revenue of more than $660 million as of 2022. The company was founded in 1983 and went public in 1989. It is traded on the Nasdaq stock exchange under the symbol LSCC.
VLSI Technology, Inc., was an American company that designed and manufactured custom and semi-custom integrated circuits (ICs). The company was based in Silicon Valley, with headquarters at 1109 McKay Drive in San Jose. Along with LSI Logic, VLSI Technology defined the leading edge of the application-specific integrated circuit (ASIC) business, which accelerated the push of powerful embedded systems into affordable products.
OrCAD Systems Corporation was a software company that made OrCAD, a proprietary software tool suite used primarily for electronic design automation (EDA). The software is used mainly by electronic design engineers and electronic technicians to create electronic schematics, and perform mixed-signal simulation and electronic prints for manufacturing printed circuit boards (PCBs). OrCAD was taken over by Cadence Design Systems in 1999 and was integrated with Cadence Allegro in 2005.
SK hynix Inc. is a South Korean supplier of dynamic random-access memory (DRAM) chips and flash memory chips. Hynix is the world's second-largest memory chipmaker and the world's sixth largest semiconductor company. Founded as Hyundai Electronic Industrial Co., Ltd. in 1983 and known as Hyundai Electronics, the company has manufacturing sites in Korea, the United States, mainland China and Taiwan. In 2012, when SK Telecom became its major shareholder, Hynix merged with SK Group.
KLA Corporation is an American capital equipment company based in Milpitas, California. It supplies process control and yield management systems for the semiconductor industry and other related nanoelectronics industries. The company's products and services are intended for all phases of wafer, reticle, integrated circuit (IC) and packaging production, from research and development to final volume manufacturing.
Lam Research Corporation is an American supplier of wafer-fabrication equipment and related services to the semiconductor industry. Its products are used primarily in front-end wafer processing, which involves the steps that create the active components of semiconductor devices and their wiring (interconnects). The company also builds equipment for back-end wafer-level packaging (WLP) and for related manufacturing markets such as for microelectromechanical systems (MEMS).
Gary Lewis Crittenden is an American financial manager. He is an executive director of HGGC, and was previously CEO and chairman. He is also the former chairman of Citi Holdings. He was chairman of Citadel, Power Holdings, and iQor; lead independent director of Pluralsight; and has sbeen on the boards of Extra Space Storage, Staples Inc., Ryerson, Inc., TJX Companies, and Utah Capital Investment Corp. From 2000 to 2007, Crittenden was executive vice president and chief financial officer (CFO) of American Express, and from March 2007 to March 2009, he was the chief financial officer of Citigroup.
Cadence Design Systems, Inc., is an American multinational technology and computational software company. Headquartered in San Jose, California, Cadence was formed in 1988 through the merger of SDA Systems and ECAD. Initially specialized in electronic design automation (EDA) software for the semiconductor industry, currently the company makes software and hardware for designing products such as integrated circuits, systems on chips (SoCs), printed circuit boards, and pharmaceutical drugs, also licensing intellectual property for the electronics, aerospace, defense and automotive industries, among others.
iQor is a business process outsourcing company which provides customer service, third-party collections and accounts receivable management. Although its headquarters are located in St. Petersburg, Florida, the company operates about 40 call centers in North America, Europe, and Asia. Since 2014, iQor has shifted to an end-to-end customer support organization, when iQor acquired the aftermarket services division of Jabil Circuit. Services provided vary from consumer electronics, to medical devices.
Lantiq was a Germany-based fabless semiconductor company of approximately 1,000 people formed via a spin-out from Infineon Technologies. The company was purchased in 2015 by Intel for $345M.
Tower Semiconductor Ltd. is an Israeli company that manufactures integrated circuits using specialty process technologies, including SiGe, BiCMOS, Silicon Photonics, SOI, mixed-signal and RFCMOS, CMOS image sensors, non-imaging sensors, power management (BCD), and non-volatile memory (NVM) as well as MEMS capabilities. Tower Semiconductor also owns 51% of TPSCo, an enterprise with Nuvoton Technology Corporation Japan (NTCJ).
Integrated Device Technology, Inc. (IDT), was an American semiconductor company headquartered in San Jose, California. The company designed, manufactured, and marketed low-power, high-performance mixed-signal semiconductor products for the advanced communications, computing, and consumer industries. The company marketed its products primarily to original equipment manufacturers (OEMs). Founded in 1980, the company began as a provider of complementary metal-oxide semiconductors (CMOS) for the communications business segment and computing business segments. The company focused on three major areas: communications infrastructure, high-performance computing, and advanced power management. Between 2018 and 2019, IDT was acquired by Renesas Electronics.