News
EL SEGUNDO, CA - The top 10 EMS firms grew a combined 22% last year, to nearly $80 billion in sales, according to a report just released by iSuppli Corp.
Flextronics, the largest EMS firm, grew 20.1% to $16.1 billion. Hon Hai, again in second place, grew 30.6% to $14.7 billion.
Sanmina-SCI ($12.5 billion) jumped 20.5% to overtake Solectron ($11.6 billion, on 5.6% growth) for the number three spot. Celestica, up 31.3% to $8.8 billion, rounded out the top five.
Jabil, which did not provide new guidance, predicts sales to grow 20 to 25% range per year through fiscal 2007. The company forecasts a 25% return on invested capital during that time.
TEMPE, AZ - Three-Five Systems has signed a definitive agreement to sell the assets of its small form factor-display business to International Display Works. The deal is expected to close within two to four weeks and is valued at $11 million to $21 million.
The deal covers all outstanding shares of TFS's China-based display subsidiary, and display-related equipment in its Manila, Philippines factory.
IDW will
also assume the obligations of TFS Beijing, including a $2.4 million line of
credit established with a bank located in China.
The sale does not include TFS's display monitor business or electronic
manufacturing services businesses in Redmond, WA; Penang, Malaysia; and Manila.
TFS estimates the total value of the transaction at $11 million to $21 million, including $8 million in cash to be paid to TFS at closing; up to $3 million more in cash to be paid over time, based upon inventory consumption and accounts receivable collections; and up to $9 million in IDW common stock to be paid to TFS in May 2006.
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