Jabil Circuit

Business in Russia

Main article: Jabil Russia

Jabil Circuit, specializing in contract production, is actively investing in the development of its plant in Tver in order to turn it into a center for localizing the production and maintenance of electronics on the Russian market.

History

2023: BYD buys auto chip business from Jabil for $2.2 billion

On August 28, 2023, the Chinese company BYD, the world's largest manufacturer of electric vehicles, announced an agreement to buy an automotive chip business from American Jabil. The transaction amount is approximately $2.2 billion.

The Singapore firm Jabil Circuit, which produces printed circuit boards for the automotive industry, formed a subsidiary structure in August 2023, which included Chinese manufacturing facilities in Chengdu and Wuxi. It is this new division, under the terms of the contract, that will become the property of BYD Electronics. Nothing has been reported on how the deal is planned to be financed.

BYD announces agreement to buy car chip business from US-based Jabil

The acquisition is expected to help BYD expand its production of electronic components for cars and improve competitiveness in the Chinese market. In turn, Jabil intends to direct the funds received for the development of products for promising industries, among which electric vehicles, renewable energy sources, healthcare, cloud data centers, artificial intelligence platforms, etc. are named. In addition, Jabil will continue to work with partners to improve supply chain efficiency.

If the transaction is completed, proceeds from it will strengthen our shareholder-oriented capital structure, including gradual share buybacks, Jabil said in a statement.

The main business of BYD Electronics is the sale of electronic components for household appliances and consumer electronics such as smartphones and laptops. The Jabil deal will expand the customer base of BYD Electronics, as well as increase the range of products supplied. Under the terms of the signed agreement, the company will continue to produce components for existing orders.^[1]

2011: Revenue of $16.5 billion and 85 thousand employees

At the end of 2011, according to its own estimates, the company ranks third in the world market in terms of revenue, which in 2011 exceeded $16.5 billion. Jabil has 85 thousand employees and 60 factories in 20 countries on four continents, and production areas exceed 2 million square meters. m. Among the clients are many international companies, including IBM, Sony, RiM and other eminent brands. One of the key customers is Cisco, for which Jabil manufactures a wide range of telecommunications equipment in various regions of the world.

The global strategy is not only to provide customers with state-of-the-art manufacturing facilities for the production of electronics of any complexity, but also to help them localize production in various countries of the world. Emerging economies, including Brazil, Russia and India, seek to create favorable conditions for localizing the production of foreign companies on their territory.

1966: Founding a company in American Detroit

Jabil Circuit Inc. owes its name to two engineering friends who created it in 1966 in Detroit, Michigan, United States. Initially, it was located in their garage, and in order not to waste extra time and resources on inventing a brand, the founders simply made it up of their names - James and Bill, as a result of which the word Jabil turned out.

From a modest electrical equipment repair shop, Jabil has evolved into one of the world's largest contract electronics manufacturers.

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