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Headquarters in Milpitas, California | |
Company type | Public company |
---|---|
NYSE: SLR | |
Industry | Electronics Manufacturing Services, product design and after sales services |
Founded | 1977 |
Defunct | 2007 |
Fate | liquidated by Flextronics[1] |
Successor | Flex Ltd. |
Products | Consumer Electronics, Routers, Switches, TVs |
Revenue | US$10.56 billion (2006)[2] |
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".[3]
Solectron had sales of around $12 billion a year, and employed 70,000 people in 23 countries.[4] The company was acquired by Flex on October 15, 2007.[1]
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]
In 2007, Flextronics announced they would buy Solectron for 3.6 billion dollars.[1]