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Solectron Corp history
Solectron Corp company history timeline
Roy Kusumoto started Solectron in 1977 and was joined about one year later by Doctor Winston Chen.
Solectron was established in 1977 to provide outsourced manufacturing services to third parties.
In 1982, Solectron invested in new Surface Mount Technology (SMT) for printed circuit- boards.
1984: Chen is named CEO.
On the heels of IBM PC Junior project cancellation came the recession of 1985.
Kusumoto decided to leave Solectron in 1985 because of a difference of opinion with the Board of Directors.
When he died in a rodeo accident in July 1987, Congress created an award in his name.
In 1987, there were about 300 mom-and-pop assembly contractors in the Silicon Valley, with the largest one reaching annual sales of up to $3 million.
Prior to that, Chen had handed off his president and chief executive positions to Kiochi Nishimura, who had been hired away from IBM in 1988.
The expansion started in late 1989 when Chen took Solectron public in an effort to generate capital for expansion.
1989: Solectron goes public; the company's profits reach $4.5 million.
Representing Solectron, Winston Chen received the Malcolm Baldrige National Quality Award from Vice President Dan Quayle in October 1991
On December 12th, 1991, a meeting of the executives was held at the White House for President Bush to discuss the mission of his Asian-Pacific trip.
Raymond Marlow of Marlow Industries were invited to join the President was because both of their respective companies had won the National Malcolm Baldrige Quality Award in 1991.
In 1991, AIG was the 18th largest corporation in the United States Greenberg was well-connected in politics, and wanted to see more open competition in the Japanese market.
In 1991, the United States had an overall world trade deficit of $46.5 billion, of which 66% or $31 billion was a trade deficit with Japan.
While a good Japanese outsourcing company typically took six weeks to create a prototype of a circuit board for a new disk drive in 1991, Solectron could handle the task in 13 days.
January 7, 1992: Former Prime Minister Toshiki Kaifu, Kyoto, Japan,
January 8, 1992: Emperor Akihito and Empress Michiko, Tokyo, Japan,
President Bush’s 12-day trip was a good intention, but did not help end America’s recession, nor did it help Bush get re-elected in 1992.
Similarly by no means Prime Minister Miyazawa could have imagined the distressing 20+ years of decline of Japan’s economy after he met President in 1992.
1993: Solectron begins a buying spree and purchases several manufacturing facilities both at home and abroad.
He served on the board of directors of Intel for 11 years from 1994.
His foundation has helped several hundred graduate and undergraduate students since 1994.
1995: Revenue reaches $2 billion.
Nishimura was also named chairman in 1996.
During 1997, the company acquired the Brazil-based printed circuit board assembly operations of Ericsson Telecomunicacoes S.A. and Force Computers Inc., a designer of OEM computer platforms.
The company's long standing history of quality and its solid performance left it with a prestigious reputation and Nishimura was often credited for his role in building contract manufacturing into a $60 billion industry by 1998.
In 1998, the manufacturing assets of NCR Corp.'s Computer Systems and Retail Solutions divisions, which were located in Georgia, South Carolina, and Dublin, were purchased.
In 1998, Solectron acquired the computer hardware manufacturing assets of NCR Corporation.
In fact, Flextronics' CEO Michael Marks stated in a 1999 Electronic Business article that Solectron gave "the whole industry a good name."
Nishimura was recognized for his role in Solectron's good fortunes when he was named "CEO of the Year" by Electronic Business magazine in 1999.
Under the new CEO Ko Nishimuro the company flourished and grew to $18 billion in sales in 2000 with many acquisitions.
During 2001, the company acquired Singapore-based NatSteel Electronics Ltd., the world's sixth-largest electronics manufacturing services firm, for $2.4 billion.
While the firm experienced remarkable sales in the first half of fiscal 2001, an economic downturn and weakening demand in the electronic sector took their toll on Solectron's bottom line.
Michael R. Cannon was named president and chief executive officer in January 2003.
The firm claimed that the demand from OEM customers would increase and that the electronics manufacturing services industry would grow to $203 billion by 2004.
On June 5, 2007, Flextronics International, Ltd., the Singapore-based contract electronic assembly firm in the United States, announced its intention to buy Solectron.
On October 15, 2007, the eve of the company's 30th anniversary, Solectron was acquired by Flextronics.
In 2007, Cannon announced his departure from Solectron to join Dell as their President of Global Operations.
Taiwanese American in Senior Years ( 2010’s to President)(晚年的台美人)
© 2021 T. A. Archives 咱台美族的夢， 有您的支持與相伴，美夢會成真。 With your support, Taiwanese American dreams will come true.
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Solectron Corp competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Vishay | 1962 | $3.2B | 20,900 | 96 |
| Cypress | 2009 | $2.2B | 5,871 | 65 |
| Micron Technology | 1978 | $30.8B | 49,000 | 492 |
| Rambus | 1990 | $556.6M | 819 | 34 |
| Qorvo | 2015 | $3.8B | 7,900 | - |
| pSemi | 1990 | $300.0M | 605 | - |
| NCR | 1884 | $2.8B | 36,000 | 54 |
| Lattice Semiconductor | 1983 | $509.4M | 747 | 6 |
| Conexant | 1996 | $112.0M | 312 | - |
| Maxim Integrated | 1983 | $2.6B | 7,100 | 1 |
Solectron Corp history FAQs
Zippia gives an in-depth look into the details of Solectron Corp, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Solectron Corp. The employee data is based on information from people who have self-reported their past or current employments at Solectron Corp. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Solectron Corp. The data presented on this page does not represent the view of Solectron Corp and its employees or that of Zippia.
Solectron Corp may also be known as or be related to Solectron, Solectron Corp and flextronics.