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Flextronics International Ltd
Flextronics International Ltd, doing business as Flex (NASDAQ: FLEX), is a leading Sketch-to-Scale solutions provider that designs and builds intelligent products for a connected world. The company provides innovative design, engineering, manufacturing, real-time supply chain insight and logistics services to a diverse customer base, including 5G, Cloud, Computing, High-performance Computing, Industrial, Automotive, Medical, and Enterprise markets.
Founded in 1990, Flex is headquartered in Singapore, with approximately 200 sites and offices in 30 countries. As of 2021, Flex employs around 160,000 people worldwide.
The company's stock, FLEX, is listed on the NASDAQ stock exchange and is a component of the S&P 500 index. Flex's market capitalization typically ranges between $4-8 billion, making it a mid-cap company.
Flex offers a wide variety of solutions to its clients, including research and development, design, manufacturing, and assembly of specialized electronics, industrial, and computing products. Flex's key competitive advantage is its global reach, state-of-the-art manufacturing facilities, and customized solutions catering to various industries.
Flex has consistently delivered robust financial results despite market volatility in recent years. Its revenue for the fiscal year 2021 was $24.1 billion, up by 3% compared to the previous year. With a strong focus on growth areas like IoT, 5G, and other emerging technologies, Flex aims to capture new business opportunities in the technology industry's rapidly changing landscape.
Flex's management focuses on continuous improvement and innovation, sustainability, and corporate social responsibility, striving to ensure long-term success and value for its stakeholders. The company is committed to environmental sustainability, ethical labor practices, and meeting its social responsibilities. Flex is dedicated to integrating environmentally friendly practices and enhancing sustainability within its supply chain and operations.
To sum up, Flextronics International Ltd, or Flex, is a global contract electronics manufacturer and technology solutions provider delivering end-to-end solutions in the technology industry. The company has a market presence in 30 countries, employs approximately 160,000 individuals, and is listed on the NASDAQ stock exchange under the symbol FLEX. Flex's key competitive advantages include its global reach, diversified client base, and innovative solutions catering to high-growth industries.