Flex (company)
Flex Ltd.[2] (previously known as Flextronics International Ltd. or Flextronics) is an American headquartered multinational diversified manufacturing company. It is the third[3] largest global electronics manufacturing services (EMS), original design manufacturer (ODM) company by revenue, behind only Pegatron for what concerns original equipment manufacturers. Flex's U.S. corporate headquarters are located in Austin, Texas.[4] The company has manufacturing operations in over 30 countries, totaling about 172,000 employees.
Company type
25 September 1969 (as Flextronics, Inc.)
- Joe McKenzie
- Barbara Ann McKenzie
Austin, Texas, U.S. (operations)
Singapore (legal domicile)
100
- Revathi Advaithi (CEO)
- Paul Lundstrom (CFO)
- Michael Capellas (Chairman)
US$30.35 billion (2023)
US$1.18 billion (2023)
US$1.03 billion (2023)
US$21.4 billion (2023)
US$5.71 billion (2023)
172,108 (March 2023)
Controversies[edit]
Breach of contracts[edit]
Flextronics was sued in what was apparent in breach of contract with Beckman Coulter Inc., a maker of medical devices. The case dates from 1997, when Beckman Coulter entered into an agreement with Dovatron, a unit of the Dii Group, to provide circuit boards for a Beckman blood analyser. Flextronics acquired the Dii Group in 1999 and, according to Beckman, shortly thereafter Flextronics refused to provide the circuit boards unless it bought other electronic components from the company.
Beckman filed suit in early 2001, seeking $2.2 million in damages, which were cited as the costs incurred in having to retool one of its plants to manufacture the circuit boards in-house.[18][19] At the end of the trial, Flextronics paid $23 million for the damages.[20]
Seizure of Huawei goods over tariff war[edit]
According to a 2019 report, Flex produced smartphone and 5G base stations for Huawei, and when the US added Huawei to its Entity List on May 16, Flex kept Huawei's assets at its factory in Zhuhai.
This included production equipment, raw materials, and half-made products worth approximately 700 million yuan ($101.85 million).[22] These goods were held up for over a month, however Huawei was able to retrieve some of the goods worth 400 million yuan through third-party channels in June 2019.[23]
