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Sanmina history
Sanmina company history timeline
In 1980 he cofounded Sanmina and began serving the company in various management capacities.
In 1980, he co-founded Sanmina Corporation and switched his positions a couple of times.
Sanmina was founded by Jure Sola and Milan Mandarić in 1980 as a printed circuit board manufacturer.
The company completed an initial public offering on NASDAQ in 1993.
Ranked ninth among contract manufacturers in 1997, the company avoided consumer products in order to concentrate on high-end networking and telecommunications applications.
He explained, "Our approach is winning new-product introductions and designs in Japan, but doing the manufacturing in China" ( Electronic Buyers News , December 10, 2001).
Then in early 2002, Sanmina acquired Viking Interworks of Rancho Santa Margarita for $15 million ($10.9 million in cash and 390,000 shares of Sanmina stock worth $10.26 per share at the time).
As of 2004 the merger was the largest ever in the electronic manufacturing services industry.
On November 15, 2012, the company changed its name to Sanmina.
On July 2, 2015, the company announced that it had acquired the CertainSource Technology Group.
Bob Eulau replaced co-founder Jure Sola becoming the CEO effective October 2, 2017.
Revenue of $7.11B for fiscal year 2018
In 2018, the company was ranked 411 on the Fortune 500 list.
After this change, Sola assumed the role of Executive Chairman of the Board . Hartmut Liebel assumed the role of CEO in October, 2019.
Jure Sola returned again as CEO in August 2020.
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Sanmina competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Jabil | 1966 | $28.9B | 200,001 | 626 |
| Parker Hannifin | 1917 | $19.9B | 57,170 | 689 |
| Arconic | 2016 | $9.0B | 13,400 | 250 |
| Lear | 1917 | $23.3B | 174,600 | 140 |
| Alcoa | 1888 | $11.9B | 14,600 | 35 |
| John Deere | 1837 | $51.7B | 69,600 | 221 |
| ITW | 1912 | $15.9B | 45,000 | 1,457 |
| Terex | 1986 | $5.1B | 10,700 | 166 |
| Benchmark Electronics | 1979 | $2.7B | 20,000 | 67 |
| SMTC | 1985 | $296.3M | 2,300 | - |
Sanmina history FAQs
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