Where is flextronics located
The deal comes months after videoconferencing company Polycom Inc. Polycom is moving its headquarters from Pleasanton to the South Bay. With the two leases, America Center is now 81 percent leased. Just last summer, the site had no tenants signed after being developed in by Legacy Partners. Polycom will also be moving to America Center in the second quarter of this year. Legacy Partners struggled to find tenants for the property it had built on speculation just as the global recession hit the valley.
It introduced board-level testing to insure quality and in became the first American manufacturer to go offshore by setting up a manufacturing facility in Singapore.
Flextronics expanded its services in the s and began delivering turnkey solutions in the middle of the decade. Based on customer specifications, Flextronics would handle everything from buying parts to manufacturing. The company also began offering computer-aided design CAD services, designing and blueprinting an entire printed circuit board based on a customer's idea.
In the company was able to go public, but it was just three weeks before the stock market crashed. Flextronics expanded to produce working, shippable products in the late s. Its disk and tape subsystems were used in Sun Microsystems workstations. The Hayes modem was also a product that Flextronics helped assemble.
The company built a global manufacturing base with factories located throughout Asia. Unfortunately, these factories relied on a high-volume U. As profits disappeared and losses mounted, survival of the company became paramount. Since the Asian operations were still profitable, one option would have been to scale back or close the company's U.
The high cost of closing a manufacturing facility, however, would have bankrupted the company. Instead, the Asian plants were spun off as a separate company and taken private in with the help of outside funding.
The U. The new, private company--renamed Flextronics International Ltd. The company had its initial public offering IPO in , becoming a publicly traded company for the second time.
Marks's strategy was to rebuild the company's U. It built a global infrastructure for high-volume manufacturing, expanded its purchasing and engineering capabilities, and increased its workforce from 3, to more than 13, At the core of Flextronics' international growth was its industrial park model.
Located in low-cost regions of each major geographic area--including Mexico, Brazil, Hungary, China, and later in Poland and the Czech Republic--Flextronics' industrial parks brought suppliers onsite to decrease logistics costs, increase time-to-market, decrease shipping costs, and improve communication and quality. The co-location of manufacturing operations and suppliers in the industrial parks gave Flextronics greater operational flexibility and responsiveness to customer needs.
In Flextronics acquired nChip, which specialized in semiconductor packaging and multichip modules. In Microsoft picked Flextronics as its new turnkey contract manufacturer for its mouse. Among the products being discussed were wallet-size PCs and intelligent home devices linked to computers and other hardware.
In December Flextronics closed its contract electronic manufacturing plant in Richardson, Texas. The closure was part of the company's strategy to shutter its smaller plants in order to create larger campuses, or industrial parks, at other locations. Workers at the plant were offered jobs at Flextronics' San Jose, California facility. Toward the end of the year a secondary stock offering of 1. The company also expanded its global facilities, including an expansion of its plant in China from , square feet to , square feet, and built a new plant in Guadalajara, Mexico.
By the end of Flextronics was ranked as the fifth largest contract manufacturer in the United States, up from tenth in To better serve the wireless market, Flextronics and Dow Chemical Co.
Flextronics expected to make use of Intarsia's capabilities to build and develop products for wireless communications OEMs. In Flextronics introduced a worldwide network of Product Introduction Centers PICs , which were facilities that designed, prototyped, tested, and launched new products, thereby shortening critical time-to-market.
Hewlett-Packard selected Flextronics to be a primary manufacturer in Europe for its inkjet printers. Flextronics would supply printed circuit board assemblies and complete box assembly for the printers, which would be manufactured at the company's industrial park in Hungary. By mid Flextronics had 2. Recent acquisitions included contract manufacturers Neutronics Holdings A.
Flextronics had aggressively gained manufacturing contracts among telecommunications and networking OEMs, including Ericsson A. Telecommunications and networking products accounted for 46 percent of the company's revenue, followed by consumer goods 29 percent , computer products 12 percent , medical products four percent , and others nine percent.
After letting up on acquisitions to consolidate its holdings, Flextronics announced in December that it would acquire the ABB Automation Products manufacturing plant in Vasteras, Sweden, which produced printed circuit boards and other electronic components. As a result, ABB would become a Flextronics customer, purchasing output from the plant's new owner.
In April Flextronics entered into a service partnership with Corio Inc. Under the agreement, Flextronics would host and maintain application software on its servers, while Corio would implement the software for their joint clients.
This would enable clients to rent, rather than purchase, expensive enterprise resource planning ERP systems and help them meet capacity demands without big investments. Also in April Flextronics announced that it would purchase a second manufacturing facility from Ericsson, this one located in Visby, Sweden.
The purchase was part of a trend among contract manufacturers to acquire the manufacturing facilities of OEMs. Upon completion of the purchase Flextronics also announced a new global supply agreement with Ericsson.
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