Finance News.

Flextronics Buys MCi to Boost Automotive Offering

Flextronics International Ltd. said it will pay $494 million for Mirror Controls International to broaden its offerings and services to automotive manufacturers. The acquisition of the supplier of mirror actuators to the automotive industry will further help Flextronics smoothen sales growth and reduce its dependence on markets susceptible to wild demand swings, according to company…

Ericsson Looks East As Western Rivals Merge

With customers merging and capital expenditure budgets shrinking in North America and Europe, Ericsson AB is shifting more marketing resources to Asia where the mobile and networking equipment OEM is hoping to benefit from a surge in infrastructure spending by governments and private communication services enterprises. The company aims to keep up a vibrant presence…

distributors

It’s Official: Amazon is Selling Components

The announcement heralds “convenience, business-only selection and pricing and free two-day shipping.” “Catalog distributor” you say? Nope.  Amazon.com/business, which was announced today. In many ways, it’s the distribution industry’s worst nightmare. To date, the esoteric, complex and often-expensive electronics components that engineers use to design high-tech products were sold predominantly directly from suppliers or through…

Even Electronics Design is now a Commodity

Electronics design – the last bastion of fat margins for electronics manufacturers – is the latest victim of the waves of commoditization that have eroded margins in the high-tech market for decades. Efforts to fight commoditization in recent years have focused industry resources on differentiation primarily in the design of proprietary products but even this…

Nokia Stays Out of Phone Business for Good

Nokia Corp. said it has no plans to re-enter the mobile communications handset market, effectively curbing growing speculations the company intended to make smartphones in China with a contract manufacturer. In an unusual response, Nokia issued a tersely-worded press statement stating clearly the reports about it intending to make smartphones were “false, and include comments…

$1B Fine and Qualcomm’s China Problem Still Isn’t Over?

What would it take to make Qualcomm Inc.’s China problem go away, permanently? In February, the semiconductor supplier coughed up $975 million to settle charges of anti-monopoly practices in China and agreed to other painful steps that will make local rivals more competitive. Yet these actions haven’t relieved Qualcomm of its China headache. Sales in…