Tag Archives: Flextronics
As planned, today Donald Trump took a tour of an Apple manufacturing facility in Texas alongside CEO Tim Cook. While impeachment hearings continued in D.C., the president tweeted that "Today I opened a major Apple Manufacturing plant in Texas that wi...
Quirky will sell its Wink smart home tech after going bankrupt
Quirky hinted that things weren't going so well when it stopped building its namesake oddball gadgets, and it's now extra-clear that the company has hit a rough patch. It's filing for bankruptcy in a bid to get its house back in order, and the rest...
Motorola Sale To Lenovo Earns Billions for Google, Keeps The Patents
Motorola’s retreat continues, sells factories in China and Brazil to Flextronics for $75 million
Mere hours after Motorola announced that it was pulling out of South Korea, it's revealed a deal to sell its Chinese and Brazilian operations to Flextronics for $75 million. We won't blame you if you've not heard of the manufacturer, which has previously built XBox and Zune units for Microsoft as well as Kodak's digital cameras. While the stack of cash will go straight to plug the hole in Motorola's coffers, Flextronics has also bought first dibs on future smartphone production, something that CEO Mike McNamara says could be worth "several billions" in revenue down the line -- hopefully the next time Larry utters the words "Motorola" and "Nexus" in the same sentence.
Filed under: Cellphones, Google
Via: The Next Web
Source: Flextronics (PDF)