Flex Ltd. facts for kids
.svg){kind=logo} |
|
Former U.S. headquarters in San Jose, California
|
|
|
Formerly
|
Flextronics International Ltd. |
|---|---|
| Public | |
| Traded as |
|
| Industry |
|
| Founded | 25 September 1969 (as Flextronics, Inc.) |
| Founders |
|
| Headquarters | Austin, Texas, U.S. (operations) Singapore (legal domicile) |
|
Number of locations
|
100 (2025) |
|
Key people
|
|
| Revenue |  US$25.81 billion (2025) |
|
Operating income
|
 US$1.169 billion (2025) |
| US$838 million (2025) |
|
| Total assets | US$18.38 billion (2025) |
| Total equity | US$5.002 billion (2025) |
|
Number of employees
|
147,979 (2025) |
| Footnotes / references Financials as of March 31, 2025[update]. |
|
.jpg)
Flex Ltd. is a big company that makes electronics for other companies. It used to be called Flextronics International Ltd. or Flextronics. Flex is one of the largest companies in the world that provides electronics manufacturing services (EMS). This means they help design and build electronic products for many different brands.
Flex's main office in the U.S. is in Austin, Texas. The company has factories and offices in over 30 countries. Around 147,979 people work for Flex all over the world.
Contents
The Story of Flex
How Flex Started
Flex began in 1969 as a small family business. Joe and Barbara-Ann McKenzie started it in Silicon Valley, California. At first, they made circuit boards, which are like the "brains" of electronic devices.
In 1990, the company changed its name to Flextronics International, Ltd. It was officially registered in Singapore.
Growing Bigger
By 1993, the company got money from investors to help it grow. The next year, in 1994, it became a "publicly held company." This means people could buy shares of the company on the stock market.
In 2000, a magazine called IndustryWeek named Flextronics one of the "100 Best-Managed Companies." This showed how well the company was doing.
Working with Other Companies
Flextronics has worked with many famous companies over the years.
- In 2006, Flextronics started making some parts for Lego toys. However, in 2009, Lego decided to make those parts themselves again.
- In 2007, Flextronics bought another big electronics company called Solectron for about US$3.6 billion. This made Flextronics even larger.
- In 2009, Flextronics was chosen by LG Electronics to make LCD televisions. These TVs were for people in North and South America.
- Also in 2009, a part of Flextronics called Multek won an award. They were recognized for their great quality and support in making parts for companies like Tektronix and Fluke.
- In 2010, Flextronics partnered with Brammo, a company that made electric motorcycles. Flextronics helped make and distribute these motorcycles.
- That same year, Flextronics also signed a deal with Lenovo to make their products in Europe.
New Ideas and Changes
In 2012, Flextronics helped start a new company called Elementum. Elementum focused on managing supply chains, which is how products get from factories to customers. By 2014, Elementum became its own separate company.
In 2014, Flextronics was named as the maker of the Fitbit Force. This product was recalled because some users got rashes from it.
In July 2015, the company officially changed its name from Flextronics to Flex.
Recent Developments
- In September 2015, Flex bought Nextracker for $330 million. Nextracker makes special equipment for solar panels that helps them follow the sun.
- In November 2015, Flex also bought Wink, a company that makes smart home technology. Flex had already been helping Wink make their smart home devices. However, in July 2017, Flex sold Wink to another company.
- In December 2018, Michael M. McNamara, who was the CEO, left the company.
- On February 11, 2019, Flex announced that Revathi Advaithi became the new CEO. Before joining Flex, she was a top leader at another big company called Eaton Corporation.
See also
In Spanish: Flextronics para niños
