Full Description
Flextronics International Ltd. (FLEX.O) (Nasdaq)
Flextronics International Limited (Flextronics), incorporated in May 1990, is a global provider of vertically-integrated advanced design and electronics manufacturing services (EMS) to original equipment manufacturers (OEMs). As of March 31, 2009, Flextronics total manufacturing capacity was approximately 27.2 million square feet. It helps customers design, build, ship and service electronics products through a network of facilities in 30 countries. During the fiscal year ended March 31, 2009 (fiscal 2009), its sales in Asia, the Americas and Europe represented 49%, 33% and 18% of its total net sales, respectively, based on the location of the manufacturing site.
The services provided by the Company includes printed circuit board and flexible circuit fabrication, systems assembly and manufacturing, logistics, after-sales services, design and engineering services, original design manufacturing (ODM) services, and components design and manufacturing. The portfolio of the Company’s customers include Casio, Cisco Systems, Dell, Eastman Kodak, Ericsson, Hewlett-Packard, Microsoft, Motorola, Research in Motion, Sony, Sony-Ericsson, Sun Microsystems and Xerox.
Printed Circuit Board and Flexible Circuit Fabrication
Printed circuit boards are platforms composed of laminated materials that provide the interconnection for integrated circuits and other electronic components. The Company also provides printed circuit board design services, incorporating high layer counts, advanced materials, component miniaturization technologies, signal integrity and rigid-flex requirements. It also provides its customers with rigid-flex circuit board design and manufacturing. The Company has printed circuit board service capabilities in North America, South America, Europe and Asia, and flexible circuit fabrication service capabilities in North America and Asia.
Systems Assembly and Manufacturing
The assembly and manufacturing operations include printed circuit board assembly and assembly of systems and subsystems that incorporate printed circuit boards and electromechanical components. Flextronics assemble electronics products with the printed circuit boards and custom electronic enclosures on either a build-to-order or configure-to-order basis. The systems assembly and manufacturing expertise includes enclosures, testing services, and materials procurement and inventory management.
The Company enclosure services include the design, manufacture and integration of electronics packaging systems, including custom enclosure systems, power and thermal subsystems, interconnect subsystems, cabling and cases. In addition to standard sheet metal and plastic fabrication services, Flextronics assist in the design of electronics packaging systems that protect sensitive electronics and improve functionality. The enclosure design services focus on functionality, manufacturability and testing.
The Company also offers computer-aided testing services for assembled printed circuit boards, systems and subsystems. The test services include management defect analysis, in-circuit testing and functional testing. In addition, it also provides environmental stress tests of board and system assemblies. Materials procurement and management consist of the planning, purchasing, expediting and warehousing of components and materials used in the manufacturing process.
Design and Engineering Services
The Company offers a range of design and engineering services that are tailored to the various markets of the customers. These services are delivered by three models: contract design services (CDS), where the customer purchases services on a time and materials basis; joint development manufacturing (JDM) services, where Flextronics engineering and development teams work jointly with customer’s teams, and ODM services, where the customer purchases a product designed, developed and manufactured by the Company.
Component Solutions
The Display group is a product-driven organization focused on designing and manufacturing products for the OEM customers. The services include the design and manufacture of technologically advanced display solutions for the electronics market. This technology includes small and medium form factor color super-twisted nematic (CSTN) and active thin film transistor (TFT) display modules for mobile phones, moving picture experts group layer-3 audio (MP3) players, and industrial, commercial and digital camera products.
The Company’s Optomechatronics group designs and manufacturers products that combine optical, mechanical and electrical subsystems, such as miniaturized camera modules for mobile phone and notebook personal computer (PC) applications. It has a service power supply business (Flex Power) specializing in power supplies and adaptors, ranging from 1 to 3,000 watts, primarily in the mobile phone, consumer electronics, printer, notebook, desktop, server, storage and telecommunications markets.
Logistics
Flextronics Global Services (FGS) is a provider of aftermarket supply chain logistics services. It provides multiple forward logistics solutions, including supplier managed inventory, inbound freight management, build/configure to order, order fulfillment and distribution, supply chain network design, collaborative control tower and engineering services.
Reverse Logistics and Repair Services
The Company offers integrated reverse logistics and repair solutions. Its solutions include returns management, exchange programs, service parts logistics, such as unit repair and recovery, recycling and e-waste management. Additionally, its after-sales services include retail technical services (RTS) business. This business provides end user technical support in a number of market sectors, including consumer electronics, small to medium size business, computing and mobile technology. RTS offers end-to-end integrated service solutions through various venues, such as in home, in office, retail location and via remote session. Services offered include diagnosis, repair, configuration, integration and installation services.

