GREENVILLE, SC -- Kemet Corp., a provider of passive components, will cut 150 jobs, mostly in the U. S., and take a charge against earnings of $4 million in the June quarter.
The restructuring will result in annual savings of approximately $8 million, the company said.
MILPITAS, CA -- Solectron Corp., the world's fourth largest provider of electronics manufacturing services, reported a third-quarter loss of $64.1 million on sales of $2.6 billion.
For the quarter ended May 31, revenue dropped 14%. Last year the company reported net income of $21.4 million on revenues of $3.03 billion.
NEW DEHLI -- Flextronics has narrowed to three its list of possible sites for a new assembly plant in India, local media reported today. The world's largest contract electronics manufacturing firm has settled on Bangalore, Pondicherry and Chennai, according to CyberMedia News.
The report said Flextronics is "currently doing due diligence" for the siting, with details expected "in a couple of weeks."