Profile: Flex Ltd (FLEX.OQ)
21 Oct 2016
Flex Ltd, formerly Flextronics International Ltd., incorporated on May 1, 1990, is a provider of design, engineering, manufacturing, and supply chain services and solutions. The Company designs, builds, ships and services packaged consumer electronics and industrial products for original equipment manufacturers (OEMs). Its segments include High Reliability Solutions (HRS), Consumer Technologies Group (CTG), Industrial and Emerging Industries (IEI) and Communications & Enterprise Compute (CEC). The HRS segment consists of its medical business, including consumer health, digital health, disposables, drug delivery, diagnostics, life sciences and imaging equipment; its automotive business, including vehicle electronics, connectivity, and clean technologies, and its defense and aerospace businesses, which are focused on commercial aviation, defense and military. The CTG segment includes its mobile devices business, including smart phones; its consumer electronics business, including connected living, wearable electronics including digital sport, game consoles, and connectivity devices, and its high-volume computing business, including various supply chain solutions for notebook personal computers (PCs), tablets, and printers. In addition, its CTG segment includes supply chain optimization for non-electronics products, such as shoes and clothing.
The Company's IEI segment consists of semiconductor and capital equipment, office solutions, household industrial and lifestyle, industrial automation and kiosks, energy and metering, and lighting. The CEC segment includes radio access base stations, remote radio heads, and small cells for wireless infrastructure; optical, routing, broadcasting, and switching products for the data and video networks; server and storage platforms for both enterprise and cloud based deployments; next generation storage and security appliance products, and rack level solutions, converged infrastructure and software defined product solutions. The Company provides its design, manufacturing and supply chain services through a network of over 100 facilities in approximately 30 countries across over four continents. Its services include innovation services, design and engineering services, systems assembly and manufacturing, component businesses, logistics, and reverse logistics and repair services.
The Company provides a set of services that enable companies, from startups to multinationals, to create new products and solutions, and gain access to new markets. These services span the entire product introduction and solution lifecycle by providing access to new technologies, accelerating product development from early concepts to final production-ready design, and providing manufacturing and testing for new product introduction and market access. Its innovation services include Innovation Labs, Collective Innovation Platform, Lab IX, Centers of Excellence, Interconnect Technology Center and CloudLabs. Innovation Labs is a design and engineering organization that specializes in supporting customer design and product development services from early concept stages. The Collective Innovation Platform is an ecosystem of technology solutions.
Lab IX is a startup accelerator program that invests in disruptive technologies. Centers of Excellence include human machine interface, wireless and connectivity, semiconductors, sensors and actuators, power and battery management, software, technology, computing, and mechanicals and plastics. The Interconnect Technology Center provides information in both rigid and flexible circuits for printed circuits technology, testing methods and designs. CloudLabs provides cloud infrastructure companies with engineering and design services to optimize rack-level solutions, especially in the case of multi-vendor equipment integration.
Design and Engineering Services
The Company's design and engineering services include system architecture, user interface and industrial design; mechanical engineering, technology, enclosure systems, thermal and tooling design; electronic system design; reliability and failure analysis, and component level development engineering. Its system architecture, user interface and industrial design services include product definition, analysis and optimization of performance and functional requirements, two-dimensional (2D) sketch level drawings, three-dimensional (3D) mock-ups and proofs of concept, interaction and interface models, detailed hard models and product packaging. The Company offers mechanical, structural, and thermal design solutions for enclosures that encompass a range of plastic, metal and other material technologies. It also provides design and development services for prototype and production tooling equipment used in manufacturing.
The Company provides electrical and hardware design for products ranging in size from small handheld consumer devices to large, carrier-grade, telecommunications equipment, which includes embedded microprocessors, memory, digital signal processing design, high-speed digital interfaces, analog circuit design, power management solutions, wired and wireless communication protocols, display imaging, audio/video, and radio frequency systems and antenna design. The Company provides design for manufacturing, test and reliability services. The Company offers engineering competencies for product development and lifecycle management of various component technologies, such as power solutions, and printed circuit board and interconnection technologies.
Systems Assembly and Manufacturing
The Company's assembly and manufacturing operations include printed circuit board assembly and assembly of systems and subsystems that incorporate printed circuit boards and electromechanical components. The Company offers a set of custom electronics enclosures and related products and services. Its services include the design, manufacture and integration of electronics packaging systems, including custom enclosure systems, power and thermal subsystems, interconnect subsystems, cabling and cases. It offers computer-aided testing services for assembled printed circuit boards, systems and subsystems. Its test services include management defect analysis, in-circuit testing and functional testing, as well as environmental stress tests of board and system assemblies. It also offers design for test, manufacturing and environment services. Its systems assembly and manufacturing services also includes materials procurement and inventory management.
The Company's components product solutions include rigid and flexible printed circuit board (PCB) fabrication, and power supplies. Its PCB business (Multek) manufactures printed circuit boards on a low-volume, as well as on a high-volume production basis. It provides quick-turn prototype services that allow it to provide small test quantities to meet the needs of customers' product development groups. It has a service power supply business (Flex Power). Its product portfolio includes chargers for smartphones and tablets, adapters for notebooks and gaming, and power supplies for server, storage and networking markets.
The Company's Flex Global Services business is a provider of after-market supply chain logistics services. The Company's suite of services is tailored to customers operating in the computing, consumer digital, infrastructure, industrial, mobile and medical markets. It provides multiple logistics solutions, including supplier-managed inventory, inbound freight management, product postponement, build/configure to order, order fulfillment and distribution, and supply chain network design.
Reverse Logistics and Repair Services
The Company offers a suite of reverse logistics and repair solutions. The Company's reverse logistics and repair solutions include returns management, exchange programs, complex repair, asset recovery, recycling and e-waste management. It provides repair services to various product lines, such as consumer and midrange products, printers, smart phones, consumer medical devices, notebooks, PC's, set-top boxes, game consoles and infrastructure products.
2 Changi South Lane