Jump to content

Sanmina Corporation: Difference between revisions

From Wikipedia, the free encyclopedia
Browse history interactively
← Previous edit
Content deleted Content added
VisualWikitext
pic
m Adding local short description: "American company", overriding Wikidata description "american company"
 
(33 intermediate revisions by 20 users not shown)
Line 1: Line 1:
{{Short description|American company}}
{{Infobox company
{{Infobox company
| name = Sanmina Corporation
| name = Sanmina Corporation
| logo = Sanmina Corporation logo.svg
| logo = Sanmina Corporation logo.svg
| type = [[Public company|Public]]
| type = [[Public company|Public]]
| traded_as = {{NASDAQ|SANM}}<br>[[S&P 600|S&P 600 Component]]
| traded_as = {{ubl|{{NASDAQ|SANM}}|[[List of S&P 600 companies|S&P 600]] component}}
| genre =
| genre =
| foundation = {{start date and age|1980}}
| foundation = {{start date and age|1980}}
| founder = Jure Sola
| founder = [[Milan Mandarić]]
| location_city = [[San Jose, California]]
| location_city = [[San Jose, California]]
| location_country = [[United States|USA]]
| location_country = U.S.
| location =
| location =
| locations =
| locations =
| area_served =
| area_served =
| key_people = Jure Sola (Chairman and CEO) <ref>{{Cite web|url=http://ir.sanmina.com/investor-relations/news/press-release-details/2020/Sanmina-Announces-its-Co-Founder-and-Executive-Chairman-to-Reassume-Chairman-and-CEO-Role/default.aspx|title=Sanmina Announces its Co-Founder and Executive Chairman to Reassume Chairman and CEO Role}}</ref>
| key_people = Jure Sola (Executive Chairman); Hartmut Liebel (Chief Executive Officer)
| industry = [[Electronics Manufacturing Services]]
| industry = [[Electronics Manufacturing Services]]
| products =
| products =
| services =
| services =
| revenue = US$7.11 billion (2018) <ref>{{cite web|title=414. Sanmina-Corporation|url=http://ir.sanmina.com/investor-relations/overview/default.aspx}}</ref>
| revenue = {{increase}} {{US$|7.89 billion|link=yes}} (2022)
| operating_income = {{increase}} {{US$|368 million}} (2022)
| net_income =
| owner =
| net_income = {{decrease}} {{US$|256 million}} (2022)
| assets = {{increase}} {{US$|4.86 billion}} (2022)
⚫
| num_employees = 46,000 (2018)
| parent =
| equity = {{decrease}} {{US$|1.86 million}} (2022)
| divisions = Viking Technology, SCI, Newisys, 42Q MES
| owner =
⚫
| num_employees = {{circa|34,000}} (2022)
⚫
| subsid =
| parent =
| divisions = Viking Technology, SCI, Viking Enterprise Solutions, 42Q MES
⚫
| subsid =
| homepage = {{URL|sanmina.com}}
| homepage = {{URL|sanmina.com}}
| footnotes = <ref name=10K-2022>{{cite web |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/897723/000089772322000029/sanm-20221001.htm |title=Sanmina Corporation 2022 Annual Report (Form 10-K) |date=10 November 2022 |publisher=[[U.S. Securities and Exchange Commission]]}}</ref>
⚫
| footnotes =
| intl =
| intl =
}}
}}
[[File:In honor of Israel 70th Independence. Reuven Rivlin meetings in Maalot-Tarshiha, February 2018 (8692).jpg|300px|thumb|The [[President of Israel]], [[Reuven Rivlin]], visiting Sanmina Corporation factory in [[Ma'alot-Tarshiha]], [[Israel]], February 2018]]
[[File:In honor of Israel 70th Independence. Reuven Rivlin meetings in Maalot-Tarshiha, February 2018 (8692).jpg|300px|thumb|The [[President of Israel]], [[Reuven Rivlin]], visiting Sanmina Corporation factory in [[Ma'alot-Tarshiha]], [[Israel]], February 2018]]
[[File:SanminaMarkham2.jpg|thumb|Sanmina office in Markham, Ontario]]
[[File:SanminaMarkham2.jpg|thumb|Sanmina office in Markham, Ontario]]
'''Sanmina Corporation''' is an American [[electronics manufacturing services]] (EMS) provider headquartered in [[San Jose, California]] that serves [[original equipment manufacturer]]s in communications and computer hardware fields. The firm has nearly 80 manufacturing sites, and is one of the world’s largest independent manufacturers of [[printed circuit boards]] and [[backplane]]s. As of 2018, it is ranked number 411 in the [[Fortune 500]] list, and has been included in the list for the 18th year.<ref>{{Cite web|url=http://fortune.com/fortune500/sanmina/|title=Sanmina|website=Fortune|access-date=2018-12-23}}</ref>
'''Sanmina Corporation''' is an American [[electronics manufacturing services]] (EMS) provider headquartered in [[San Jose, California]] that serves [[original equipment manufacturer]]s in communications and computer hardware fields. The firm has nearly 80 manufacturing sites, and is one of the world’s largest independent manufacturers of [[printed circuit boards]] and [[backplane]]s. {{As of|2022}}, it is ranked number 482 in the [[Fortune 500]] list.<ref>{{Cite web|url=http://fortune.com/fortune500/sanmina/|title=Sanmina|website=Fortune|access-date=2018-12-23}}</ref>


==History==
==History==


Sanmina was founded by Jure Sola and [[Milan Mandarić]] in 1980 as a printed circuit board manufacturer. During the 1980s, it expanded into manufacturing backplanes and subassemblies <ref>[http://www.sanmina-sci.com/topsections/topsections/company-profile/index.php WHAT WE MAKE, MAKES A DIFFERENCE.]</ref> for the telecommunications industry. During the 1990s, the company grew , producing complete products for major OEM companies and completing a number of acquisitions. Jure Sola became CEO and Chairman of Sanmina in 1991. The company completed an initial public offering on NASDAQ in 1993.
Sanmina was founded by Jure Sola and [[Milan Mandarić]] in 1980 as a printed circuit board manufacturer. It was named after Milan Manadarić's daughters Sandra and Jasmina.<ref>{{cite web | url=https://www.youtube.com/watch?v=yqXeyqXSeQs | title=Šta se krije iza milijardi u fudbalu &#124; Milan Mandarić &#124; Biznis Priče 85 | website=[[YouTube]] }}</ref> During the 1980s, it expanded into manufacturing backplanes and subassemblies <ref>[http://www.sanmina-sci.com/topsections/topsections/company-profile/index.php WHAT WE MAKE, MAKES A DIFFERENCE.]</ref> for the telecommunications industry. During the 1990s, the company grew, producing complete products for major OEM companies and completing a number of acquisitions. Jure Sola became CEO and Chairman of Sanmina in 1991. The company completed an initial public offering on NASDAQ in 1993.


===Merger and name changes===
===Merger and name changes===
In December 2001, Sanmina merged with SCI Systems of [[Huntsville, Alabama]], for $6 billion in cash, stock, and debt. Although Sanmina was only half as large as SCI at the time, it was in a better cash position because its core [[telecommunications]] business was performing well, whereas SCI's lower-margin businesses such as [[personal computer]] manufacturing, were struggling.<ref>{{cite news|publisher=San Francisco Chronicle|accessdate=2007-09-28|title=Sanmina buys rival SCI Systems|author=Todd Wallack|date=July 17, 2001|url=http://sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/07/17/BU148860.DTL&type=business}}</ref> Shortly after, Sanmina-SCI bought E-M Solutions, a bankrupt [[Fremont, California]] electronics manufacturer, for $110 million in cash.<ref>{{cite news|publisher=San Francisco Chronicle|accessdate=2007-09-28|title=Net expansion adds 52,000 domain names|author=|date=September 25, 2001|url=http://sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/09/25/BU142050.DTL}}</ref> 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).<ref>{{cite news|publisher=Orange County Business Journal |accessdate=2010-10-27|title=Year later, Sanmina-SCI revives Viking |url=http://www.allbusiness.com/sales/1127533-1.html}}</ref>
In December 2001, Sanmina merged with SCI Systems of [[Huntsville, Alabama]], for $6 billion in cash, stock, and debt. Although Sanmina was only half as large as SCI at the time, it was in a better cash position because its core [[telecommunications]] business was performing well, whereas SCI's lower-margin businesses such as [[personal computer]] manufacturing, were struggling.<ref>{{cite news|publisher=San Francisco Chronicle|access-date=2007-09-28|title=Sanmina buys rival SCI Systems|author=Todd Wallack|date=July 17, 2001|url=http://sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/07/17/BU148860.DTL&type=business}}</ref> Shortly after, Sanmina-SCI bought E-M Solutions, a bankrupt [[Fremont, California]] electronics manufacturer, for $110 million in cash.<ref>{{cite news|publisher=San Francisco Chronicle|access-date=2007-09-28|title=Net expansion adds 52,000 domain names|date=September 25, 2001|url=http://sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/09/25/BU142050.DTL}}</ref> Then in early 2002, Sanmina acquired [[Rancho Santa Margarita, California|Rancho Santa Margarita]]-based [[Viking Interworks]] for $15 million ($10.9 million in cash and 390,000 shares of Sanmina stock worth $10.26 per share at the time).<ref>{{cite news|publisher=Orange County Business Journal |access-date=2010-10-27|title=Year later, Sanmina-SCI revives Viking |url=http://www.allbusiness.com/sales/1127533-1.html}}{{dead link|date=November 2020}}</ref>


On November 15, 2012, the company changed its name to Sanmina.<ref>[http://circuitsassembly.com/cms/news/13616-sanmina-dropping-sci-from-name Sanmina Dropping 'SCI' from Name]</ref>
On November 15, 2012, the company changed its name to Sanmina.<ref>[https://archive.today/20130119110225/http://circuitsassembly.com/cms/news/13616-sanmina-dropping-sci-from-name Sanmina Dropping 'SCI' from Name]</ref>


On July 2, 2015, the company announced that it had acquired the CertainSource Technology Group.
On July 2, 2015, the company announced that it had acquired the CertainSource Technology Group.


===Change of Leadership===
===Change of Leadership===
Bob Eulau replaced co-founder Jure Sola becoming the CEO effective October 2, 2017. After this change, Sola assumed the role of Executive Chairman of the Board .<ref>https://www.reuters.com/article/brief-bob-eulau-has-been-named-as-next-c-idUSASA09W6P</ref> Hartmut Liebel assumed the role of CEO in October, 2019.
Bob Eulau replaced co-founder Jure Sola becoming the CEO effective October 2, 2017. After this change, Sola assumed the role of Executive Chairman of the Board .<ref>{{cite web |title=BRIEF-Bob Eulau has been named as next CEO of Sanmina |website=[[Reuters]] |archive-url=https://web.archive.org/web/20200806203429/https://www.reuters.com/article/brief-bob-eulau-has-been-named-as-next-c-idUSASA09W6P |archive-date=2020-08-06 |url-status=live |url=https://www.reuters.com/article/brief-bob-eulau-has-been-named-as-next-c-idUSASA09W6P}}</ref> Hartmut Liebel assumed the role of CEO in October, 2019. Jure Sola returned again as CEO in August 2020.<ref>{{Cite press release|url=https://www.prnewswire.com/news-releases/sanmina-announces-its-co-founder-and-executive-chairman-to-reassume-chairman-and-ceo-role-301112897.html|title = Sanmina Announces its Co-Founder and Executive Chairman to Reassume Chairman and CEO Role}}</ref>


==Operations==
==Operations==
In 2015, the [[San Jose, California]]-based company had 38,417 employees in over 27 countries on six continents. It serves clients in the fields of communications, computing, multimedia, semiconductors, defense, aerospace, medical applications, and automotive technology. It provides consulting, design, engineering, [[logistics]], new product introduction, assembly, [[machining]], and fabrication, to produce [[printed circuit board]]s, [[backplane]]s, [[electrical cable]]s, [[injection molding|injection-molded]] plastics, [[enclosure]]s and frames, [[optics]].
In 2015, the [[San Jose, California]]-based company had 38,417 employees in over 27 countries on six continents. It serves clients in the fields of communications, computing, multimedia, semiconductors, defense, aerospace, medical applications, and automotive technology. It provides consulting, design, engineering, [[logistics]], new product introduction, assembly, [[machining]], and fabrication, to produce [[printed circuit board]]s, [[backplane]]s, [[electrical cable]]s, [[injection molding|injection-molded]] plastics, [[enclosure]]s and frames, [[optics]].{{cn|date=November 2022}}

On May 11, 2018, [[Ather Energy]], announced it had entered into an agreement with the company to develop and manufacture key components for its maiden scooter and production would take place in the company's facility in [[Chennai, India]].<ref>{{Cite web|url =https://auto.economictimes.indiatimes.com/news/two-wheelers/scooters-mopeds/ather-energy-sanmina-corporation-jointly-to-develop-produce-key-parts-for-s340/64119963|title = Ather Energy inks deal with Sanmina to develop & produce key parts for S340}}</ref>

On March 3, 2021, [[Astrotech Corporation]] announced that its Astrotech Technologies, Inc. subsidiary has entered into an agreement with Sanmina Corporation to manufacture its mass spectrometry products. As part of the relationship, Sanmina will manufacture 1st Detect’s TRACER 1000. They have also agreed to manufacture AgLAB’s AgLAB-1000 and BreathTech’s BreathTest-1000 once those products are officially released.{{cn|date=November 2022}}


==References==
==References==
Line 53: Line 61:
==External links==
==External links==
{{Portal|San Francisco Bay Area|Companies}}
{{Portal|San Francisco Bay Area|Companies}}
* [http://www.sanmina.com/ Corporate website]
* {{Official|https://www.sanmina.com/}}
{{Finance links
| symbol = SANM
| reuters = SANM.O
| bloomberg = SANM:US
| sec_cik = 897723
| yahoo = SANM
| google = SANM:NASDAQ
}}


{{Electronics industry in the United States}}
{{Electronics industry in the United States}}
Line 62: Line 78:
[[Category:Electronics companies established in 1980]]
[[Category:Electronics companies established in 1980]]
[[Category:Electronics manufacturing]]
[[Category:Electronics manufacturing]]
[[Category:Companies listed on NASDAQ]]
[[Category:Companies listed on the Nasdaq]]
[[Category:Electronics companies of the United States]]
[[Category:Electronics companies of the United States]]
[[Category:1980 establishments in California]]
[[Category:1980 establishments in California]]
[[Category:Companies formed by merger]]
[[Category:1993 initial public offerings]]
[[Category:1993 initial public offerings]]

Latest revision as of 12:48, 21 January 2024

Sanmina Corporation
Company typePublic
IndustryElectronics Manufacturing Services
Founded1980; 44 years ago (1980)
FounderMilan Mandarić
Headquarters
San Jose, California
,
U.S.
Key people
Jure Sola (Chairman and CEO) [1]
RevenueIncrease US$7.89 billion (2022)
Increase US$368 million (2022)
Decrease US$256 million (2022)
Total assetsIncrease US$4.86 billion (2022)
Total equityDecrease US$1.86 million (2022)
Number of employees
c. 34,000 (2022)
DivisionsViking Technology, SCI, Viking Enterprise Solutions, 42Q MES
Websitesanmina.com
Footnotes / references
[2]
The President of Israel, Reuven Rivlin, visiting Sanmina Corporation factory in Ma'alot-Tarshiha, Israel, February 2018
Sanmina office in Markham, Ontario

Sanmina Corporation is an American electronics manufacturing services (EMS) provider headquartered in San Jose, California that serves original equipment manufacturers in communications and computer hardware fields. The firm has nearly 80 manufacturing sites, and is one of the world’s largest independent manufacturers of printed circuit boards and backplanes. As of 2022, it is ranked number 482 in the Fortune 500 list.[3]

History[edit]

Sanmina was founded by Jure Sola and Milan Mandarić in 1980 as a printed circuit board manufacturer. It was named after Milan Manadarić's daughters Sandra and Jasmina.[4] During the 1980s, it expanded into manufacturing backplanes and subassemblies [5] for the telecommunications industry. During the 1990s, the company grew, producing complete products for major OEM companies and completing a number of acquisitions. Jure Sola became CEO and Chairman of Sanmina in 1991. The company completed an initial public offering on NASDAQ in 1993.

Merger and name changes[edit]

In December 2001, Sanmina merged with SCI Systems of Huntsville, Alabama, for $6 billion in cash, stock, and debt. Although Sanmina was only half as large as SCI at the time, it was in a better cash position because its core telecommunications business was performing well, whereas SCI's lower-margin businesses such as personal computer manufacturing, were struggling.[6] Shortly after, Sanmina-SCI bought E-M Solutions, a bankrupt Fremont, California electronics manufacturer, for $110 million in cash.[7] Then in early 2002, Sanmina acquired Rancho Santa Margarita-based Viking Interworks for $15 million ($10.9 million in cash and 390,000 shares of Sanmina stock worth $10.26 per share at the time).[8]

On November 15, 2012, the company changed its name to Sanmina.[9]

On July 2, 2015, the company announced that it had acquired the CertainSource Technology Group.

Change of Leadership[edit]

Bob Eulau replaced co-founder Jure Sola becoming the CEO effective October 2, 2017. After this change, Sola assumed the role of Executive Chairman of the Board .[10] Hartmut Liebel assumed the role of CEO in October, 2019. Jure Sola returned again as CEO in August 2020.[11]

Operations[edit]

In 2015, the San Jose, California-based company had 38,417 employees in over 27 countries on six continents. It serves clients in the fields of communications, computing, multimedia, semiconductors, defense, aerospace, medical applications, and automotive technology. It provides consulting, design, engineering, logistics, new product introduction, assembly, machining, and fabrication, to produce printed circuit boards, backplanes, electrical cables, injection-molded plastics, enclosures and frames, optics.[citation needed]

On May 11, 2018, Ather Energy, announced it had entered into an agreement with the company to develop and manufacture key components for its maiden scooter and production would take place in the company's facility in Chennai, India.[12]

On March 3, 2021, Astrotech Corporation announced that its Astrotech Technologies, Inc. subsidiary has entered into an agreement with Sanmina Corporation to manufacture its mass spectrometry products. As part of the relationship, Sanmina will manufacture 1st Detect’s TRACER 1000. They have also agreed to manufacture AgLAB’s AgLAB-1000 and BreathTech’s BreathTest-1000 once those products are officially released.[citation needed]

References[edit]

  1. ^ "Sanmina Announces its Co-Founder and Executive Chairman to Reassume Chairman and CEO Role".
  2. ^ "Sanmina Corporation 2022 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. 10 November 2022.
  3. ^ "Sanmina". Fortune. Retrieved 2018-12-23.
  4. ^ "Šta se krije iza milijardi u fudbalu | Milan Mandarić | Biznis Priče 85". YouTube.
  5. ^ WHAT WE MAKE, MAKES A DIFFERENCE.
  6. ^ Todd Wallack (July 17, 2001). "Sanmina buys rival SCI Systems". San Francisco Chronicle. Retrieved 2007-09-28.
  7. ^ "Net expansion adds 52,000 domain names". San Francisco Chronicle. September 25, 2001. Retrieved 2007-09-28.
  8. ^ "Year later, Sanmina-SCI revives Viking". Orange County Business Journal. Retrieved 2010-10-27.[dead link]
  9. ^ Sanmina Dropping 'SCI' from Name
  10. ^ "BRIEF-Bob Eulau has been named as next CEO of Sanmina". Reuters. Archived from the original on 2020-08-06.
  11. ^ "Sanmina Announces its Co-Founder and Executive Chairman to Reassume Chairman and CEO Role" (Press release).
  12. ^ "Ather Energy inks deal with Sanmina to develop & produce key parts for S340".

External links[edit]

  • Official website
  • Business data for Sanmina Corporation:
Retrieved from "https://en.wikipedia.org/w/index.php?title=Sanmina_Corporation&oldid=1197663925"