Sanmina Corporation

Sanmina Corporation is an American electronics manufacturing services provider headquartered in San Jose, California. The company designs, engineers, manufactures, assembles, tests, and manages supply chains for original equipment manufacturers rather than primarily selling consumer products under its own name. Its capabilities include printed circuit boards, backplanes and backplane assemblies, cables, optical products, injection-molded plastics, enclosures, frames, machined parts, and complex electronic systems. Sanmina was established in 1980 by Jure Sola and Milan Mandarić as a printed-circuit-board manufacturer. The company subsequently broadened its capabilities into backplanes and backplane subassemblies, allowing it to serve telecommunications and other technology equipment manufacturers with more integrated production services. By the late 1980s, its revenue had reached approximately $60 million and its business had become increasingly oriented toward contract manufacturing for communications-industry customers. A management buyout in 1989 marked an important ownership and leadership transition. Jure Sola led the purchase of Milan Mandarić’s interest with investment support from Morgan Stanley and became president. Sola became chairman and chief executive officer in 1991. During the 1990s, as technology companies increasingly outsourced manufacturing, Sanmina expanded by concentrating on contract production and by building a broader set of engineering, logistics, introduction, assembly, and fabrication capabilities. The company went public in February 1993. Sanmina’s largest transformational transaction was its December 2001 merger with SCI Systems. The transaction combined Sanmina’s communications-oriented business and relatively strong cash position with SCI’s much larger manufacturing footprint. The deal was valued at approximately $6 billion in cash, stock, and assumed debt. Following the merger, the combined company operated as Sanmina-SCI and continued to expand through acquisitions, including the purchase of bankrupt electronics manufacturer E-M Solutions and the acquisition of Viking InterWorks in 2002. The company later returned to the shorter Sanmina name. On November 15, 2012, Sanmina-SCI changed its corporate name to Sanmina. In 2015, it acquired CertainSource Technology Group, adding to its technology and manufacturing platform. Sanmina has also used its manufacturing network to support newer applications, including electric scooters and analytical instruments. In 2018, Ather Energy announced an agreement under which Sanmina would help develop and manufacture key components for Ather’s first scooter, with production planned at Sanmina’s Chennai facility. In 2021, Sanmina agreed to manufacture mass-spectrometry products for Astrotech subsidiaries, including the TRACER 1000 and planned AgLAB and BreathTech products. The company serves customers in communications, computing, multimedia, semiconductor, defense, aerospace, medical, automotive, and related technology sectors. Its service model spans consulting, product design, engineering, new-product introduction, sourcing, logistics, manufacturing, machining, fabrication, and final assembly. Sanmina has operated a large international production network, with nearly 80 manufacturing sites described in the cited reference material. Its principal strategic role is that of an independent, vertically capable manufacturing partner for OEMs that want to outsource some or all of their hardware production while retaining control of product architecture, branding, and customer relationships. Leadership has periodically shifted between the company’s co-founder and outside executives. Bob Eulau succeeded Sola as chief executive officer in October 2017, with Sola becoming executive chairman. Hartmut Liebel became CEO in October 2019, while Sola returned to the CEO role in August 2020. Sanmina remains an active public company focused on complex electronics manufacturing and integrated supply-chain services.

Sanmina began in 1980 when Jure Sola and Milan Mandarić established a company focused on printed circuit boards. It later added backplanes and backplane subassemblies, moving toward a broader role in the production of communications and computer hardware. By 1989, the business had reached approximately $60 million in revenue and had developed a contract-manufacturing orientation serving telecommunications customers. That year, Sola led a management buyout of Mandarić’s interest with investment from Morgan Stanley. Sola became president and later, in 1991, chairman and chief executive officer. The ownership transition coincided with a period in which original equipment manufacturers were increasingly outsourcing production. Sanmina benefited from this change by offering contract manufacturing rather than limiting itself to component production. Its revenue increased by more than $20 million annually over the five years following the buyout, according to the cited reference material. The company completed its initial public offering in February 1993. The company’s major strategic turning point came in December 2001, when Sanmina merged with SCI Systems in a transaction involving approximately $6 billion in cash, stock, and debt. SCI was larger, but Sanmina was described as having a stronger cash position because its telecommunications business was performing better than SCI’s lower-margin personal-computer manufacturing operations. The merger created a substantially larger electronics manufacturing platform and led to the Sanmina-SCI corporate identity. Sanmina-SCI continued to expand through acquisitions. Shortly after the merger, it purchased E-M Solutions, a bankrupt electronics manufacturer based in Fremont, California, for $110 million in cash. In early 2002, it acquired Viking InterWorks of Rancho Santa Margarita for $15 million, consisting of cash and Sanmina shares. These transactions complemented the company’s effort to broaden its manufacturing footprint and technical capabilities. On November 15, 2012, the company changed its name from Sanmina-SCI to Sanmina. In July 2015, it announced the acquisition of CertainSource Technology Group. The business also continued to apply its manufacturing platform to products outside its traditional communications and computing base. In 2018, Ather Energy announced a relationship with Sanmina for development and manufacture of components for an electric scooter, with production assigned to Chennai. In 2021, Astrotech Technologies selected Sanmina to manufacture mass-spectrometry products, including the TRACER 1000 and planned instruments from Astrotech’s AgLAB and BreathTech businesses. Sanmina’s capabilities have included consulting, design, engineering, logistics, new-product introduction, assembly, machining, fabrication, and production of boards, backplanes, cables, plastics, enclosures, frames, and optical components. Its end markets have included communications, computing, multimedia, semiconductors, defense, aerospace, medical applications, and automotive technology. The cited material describes a network of nearly 80 manufacturing sites and a multinational operating presence. Leadership changed several times after the company’s expansion. Bob Eulau replaced co-founder Jure Sola as CEO effective October 2, 2017, while Sola became executive chairman. Hartmut Liebel became CEO in October 2019. Sola returned to the CEO position in August 2020. In the 2020s, Sanmina was also involved in litigation with Dialight concerning the termination of a manufacturing services agreement. A New York court allowed Dialight’s fraudulent-inducement claims to proceed toward trial in 2024. Sanmina remains an active electronics manufacturing services company serving OEM customers across multiple technology sectors.

• 2020

  Jure Sola returns as CEO

  [1]Sanmina Corporationen.wikipedia.org

  Co-founder Jure Sola returns to the chief executive position in August.

• 2019

  Hartmut Liebel becomes CEO

  [1]Sanmina Corporationen.wikipedia.org

  Hartmut Liebel assumes the chief executive role.

• 2017

  Bob Eulau becomes CEO

  [1]Sanmina Corporationen.wikipedia.org

  Bob Eulau succeeds co-founder Jure Sola as chief executive officer, while Sola becomes executive chairman.

• 2015

  CertainSource Technology Group acquisition

  [1]Sanmina Corporationen.wikipedia.org

  Sanmina announces its acquisition of CertainSource Technology Group.

• 2012

  Corporate name becomes Sanmina

  [1]Sanmina Corporationen.wikipedia.org

  Sanmina-SCI adopts the Sanmina corporate name.

• 2002

  Acquisition expansion after the SCI merger

  [1]Sanmina Corporationen.wikipedia.org

  The company acquires E-M Solutions and Viking InterWorks to expand its manufacturing platform.

• 2001

  Merger with SCI Systems

  [1]Sanmina Corporationen.wikipedia.org

  Sanmina merges with SCI Systems in a transaction valued at approximately $6 billion in cash, stock, and debt.

• 1993

  Public listing

  [1]Sanmina Corporationen.wikipedia.org

  Sanmina becomes a publicly traded company in February.

• 1991

  Sola becomes chairman and CEO

  [1]Sanmina Corporationen.wikipedia.org

  Jure Sola assumes the company’s chairman and chief executive roles.

• 1989

  Management buyout led by Jure Sola

  [1]Sanmina Corporationen.wikipedia.org

  Sola leads a buyout of Mandarić’s interest with Morgan Stanley investment and becomes president.

• 1980

  Sanmina is founded

  [1]Sanmina Corporationen.wikipedia.org

  Jure Sola and Milan Mandarić establish the company as a printed-circuit-board manufacturer.

An independent, vertically integrated electronics manufacturing services partner for technology OEMs requiring engineering, component fabrication, systems assembly, and global supply-chain support.

• Electronic components and assemblies · 1980

  Printed circuit boards

  Printed circuit boards were Sanmina’s original product area and remain a core part of its electronics manufacturing offering. The company produces boards and related assemblies for OEM equipment used in communications, computing, medical, aerospace, defense, automotive, and other technology applications.

• Electronic interconnect systems

  Backplanes and backplane assemblies

  Sanmina expanded from printed circuit boards into backplanes and backplane subassemblies. These products provide structural and electrical interconnection within complex electronic systems, particularly equipment used in communications and computing environments.

• Electronics manufacturing services

  Electronic manufacturing and systems assembly

  The company assembles and tests electronic products and complete systems for OEM customers. Its services can cover product introduction, sourcing, production, integration, testing, logistics, and other stages between engineering design and delivery.

• Manufactured components

  Cables, plastics, enclosures, frames, and optical components

  Sanmina manufactures supporting hardware and subassemblies including electrical cables, optical products, injection-molded plastics, enclosures, frames, machined parts, and fabricated components. These capabilities allow it to provide more vertically integrated production for complex OEM systems.

• Scientific and analytical instruments · 2021

  Mass-spectrometry products

  Under an agreement announced in 2021, Sanmina manufactures mass-spectrometry products for Astrotech Technologies and its related businesses. The announced scope included the TRACER 1000 and planned AgLAB-1000 and BreathTest-1000 instruments once released.

• 2021

  Manufacture Astrotech analytical instrumentsProduct launch

  Background

  Astrotech Technologies sought a manufacturing partner for mass-spectrometry products developed by Astrotech-related businesses.

  Action taken

  Sanmina agreed to manufacture the TRACER 1000 and later the AgLAB-1000 and BreathTest-1000 after their official releases.

  Aftermath

  The relationship extended Sanmina’s manufacturing role into scientific and analytical instrumentation.

  Source

• 2018

  Support Ather Energy electric-scooter productionProduct launch

  Background

  Ather Energy needed a manufacturing partner for key components of its first electric scooter.

  Action taken

  Sanmina entered an agreement to develop and manufacture key components, with production planned at its Chennai facility.

  Aftermath

  The agreement illustrated Sanmina’s application of its electronics manufacturing capabilities to electric-mobility hardware.

  Source

• 2017

  Appoint Bob Eulau as CEOOther

  Background

  Sanmina changed its executive leadership while retaining co-founder Jure Sola in a senior board role.

  Action taken

  Bob Eulau became CEO effective October 2, 2017, and Sola assumed the role of executive chairman.

  Aftermath

  The arrangement was later followed by additional changes in the CEO position.

  Source

• 2015

  Acquire CertainSource Technology GroupM&A

  Background

  Sanmina continued to broaden its technology and manufacturing capabilities through targeted acquisitions.

  Action taken

  Sanmina announced the acquisition of CertainSource Technology Group on July 2, 2015.

  Aftermath

  The acquisition added CertainSource to Sanmina’s wider electronics manufacturing and technology platform.

  Source

• 2012

  Adopt the Sanmina corporate nameStrategy

  Background

  Following the SCI Systems merger, the company had operated under the Sanmina-SCI name.

  Action taken

  The company changed its corporate name to Sanmina on November 15, 2012.

  Aftermath

  The shorter Sanmina identity became the company’s principal corporate and brand name.

  Source

• 2001

  Merge with SCI SystemsM&A

  Background

  Sanmina sought to expand its manufacturing scale and footprint during a period of increasing OEM outsourcing. SCI Systems was larger, while Sanmina was described as having a stronger cash position because of its communications business.

  Action taken

  Sanmina completed a merger with SCI Systems in December 2001 in a transaction involving approximately $6 billion in cash, stock, and debt.

  Aftermath

  The combined company operated as Sanmina-SCI and became a substantially larger electronics manufacturing platform.

  Transaction value. (December 2001)

  Source

• 2024

  Fraudulent-inducement claims in Dialight litigation proceed toward trial[1]Sanmina Corporationen.wikipedia.org

  Lawsuit

  A New York court rejected Sanmina’s effort to dismiss Dialight’s fraudulent-inducement allegations, allowing those claims to proceed to trial.

• 2023

  Sanmina and Dialight become involved in litigation over manufacturing agreement termination[1]Sanmina Corporationen.wikipedia.org

  Lawsuit

  Sanmina was reported to be engaged in ongoing litigation with former manufacturing partner Dialight concerning the termination of their manufacturing services agreement.

• 2021

  Sanmina to manufacture Astrotech mass-spectrometry products[1]Sanmina Corporationen.wikipedia.org

  Product launch

  Astrotech announced that its subsidiary Astrotech Technologies had entered an agreement with Sanmina to manufacture the TRACER 1000 and, after release, additional AgLAB and BreathTech instruments.

• 2018

  Ather Energy selects Sanmina for electric-scooter component manufacturing[1]Sanmina Corporationen.wikipedia.org

  Product launch

  Ather Energy announced an agreement with Sanmina to develop and manufacture key components for its first electric scooter, with production planned at Sanmina’s Chennai, India facility.

• 2015

  Sanmina acquires CertainSource Technology Group[1]Sanmina Corporationen.wikipedia.org

  M&A

  Sanmina announced the acquisition of the CertainSource Technology Group, expanding its technology and manufacturing capabilities.

• 2012

  Sanmina changes corporate name from Sanmina-SCI[1]Sanmina Corporationen.wikipedia.org

  Other

  The company adopted the Sanmina name on November 15, 2012, following the period in which it operated as Sanmina-SCI after the SCI Systems merger.

1. 1Sanmina Corporationen.wikipedia.org
2. 2Sanmina Achieves Medical Device Single Audit Program Certification at Facilities in Malaysia, Singapore and Swedenprnewswire.com
3. 3Sanmina expands its production Thailandevertiq.com
4. 4Sanmina Reports First Quarter Financial Resultsprnewswire.com
5. 5Sanmina Reports First Quarter Fiscal 2021 Financial Resultsprnewswire.com
6. 6Sanmina Reports Fourth Quarter And Full Fiscal 2021 Financial Resultsprnewswire.com
7. 7Sanmina Reports Second Quarter Financial Resultsprnewswire.com
8. 8Sanmina Reports Second Quarter Fiscal 2021 Financial Resultsprnewswire.com
9. 9Sanmina Reports Third Quarter Financial Resultsprnewswire.com