Solectron

Last updated
Solectron Corporation
TypePublic company
NYSE: SLR
Industry Electronics Manufacturing Services, product design and after sales services
Founded1977
Defunct2007
FatePurchased by Flextronics
Successor Flex
ProductsConsumer 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]

Contents

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

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

Michael R. Cannon was named president and chief executive officer in January 2003. [6]

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References

  1. SLR – Solitario Resources Corporation – Google Finance
  2. Industrial Automation
  3. "Solectron - The invisible multinational". Archived from the original on 2019-04-24.
  4. "Flextronics Buys Solectron for $3.6 Billion". CNBC. Reuters. 2007-06-04. Retrieved 2017-06-01.
  5. "Home". transparentc.com.
  6. Michael R. Cannon