Mouser Electronics Inc. — on the tail of an announced warehouse expansion — reported that by the end of 2018 it expects to grow by almost 50 percent in Europe, from $1.34 billion to an estimated $1.87 billion, with a customer increase in excess of 18 percent. Mouser executives attribute the growth to targeted customer promotions supported by…
If the planned $18 billion sale of Toshiba Corp.’s flash memory unit to a consortium led by Bain Capital Private Equity, LP survives legal objections and receives regulatory approval, the deal can be expected to result in higher component supplies within the next year, helping to allay OEM fears of tightening purchasing conditions for the…
Framingham, Mass. — Today, Bose Corporation, a US-based multinational company and global leader in audio systems, and Flex, a global leader in manufacturing, announced they’ve reached an agreement to expand their existing strategic partnership. As part of the new agreement, ownership and operation of Bose’s manufacturing and development operations in San Luis, Mexico and Penang, Malaysia will transfer to Flex,…
Sanmina Corporation, (SANM) a leading integrated manufacturing solutions company making some of the world’s most complex optical, electronic and mechanical products today announced Lumentum, a market leader in innovative optical and photonic products, recently recognized Sanmina’s outstanding performance with Lumentum’s Excellence in Value Innovation award. This award acknowledges Sanmina’s performance in a number of areas…
Purchasing conditions continue to whipsaw in the electronics industry but OEMs and contractors remain on top of the food chain, benefitting from weak pricing and easy availability of supplies amidst heavy discounting by harried vendors. However, OEMs, too, are stressed with uncertain demand, the stronger dollar, a potential hike in U.S. interest rates and conflicting…
Apple Inc. is aptly named. The iPhone maker is golden on Wall Street, venerated by fans and irresistible to enterprise partners, making it the most tempting and most sought after customer in the global electronics supply chain. Conversely, Apple can morph into a living nightmare for rivals, suppliers and contractors who defy it as some…
Jabil Circuit, Inc. (JBL) announced today that its Board of Directors has authorized the repurchase of up to $100 million worth of shares of the Company’s common stock during the period from today through August 31, 2016. The shares will be repurchased from time-to-time in the open market at the Company’s discretion and subject to…
Flextronics (FLEX), a leading sketch-to-scale solutions company that designs and builds intelligent products for a connected world, announced today that it has officially changed its name to Flex, with a promise to help the world Live smarter. “We have progressed in our product and service offering over the years, adding many new solutions, and today…
Sanmina Corp. is the new investors’ darling of the contract manufacturing industry. Its stock price has surged at a double-digit clip in recent days despite tepid sales growth and amidst continuing signs visibility into end-markets remain limited. What accounts for this disparity? Sanmina isn’t exactly the same company it was only a few years ago.…
Jabil Circuit, Inc. (JBL), a global provider of design, engineering manufacturing and supply chain solutions, has signed a memorandum of understanding (MOU) with the management board of Saigon Hi-Tech Park in Vietnam. The agreement will allow the company to expand its current operation in the hi-tech park. Vietnamese governmental officials joined the Saigon Hi-Tech Park…