[Sign Up Now] to Receive Our FREE Daily SCVTV-SCVNews Digest by E-Mail

SCVNews.com | Singapore Firm Buying Valencia Electronics Maker | 03-12-2012
Inside
Weather
Santa Clarita CA
Sunny
Sunny
71°F
 
Calendar
Today in
S.C.V. History
August 22
1891 - Future First Lady Lou Henry (Hoover), 17, poses for photo at R.E. Nickel's Acton store [story]


Singapore, March 12 – Flextronics announced Monday that it has entered into a definitive agreement to acquire Stellar Microelectronics, a full service Electronics Manufacturing Services (EMS) provider based in Valencia, Calif., specializing in advanced custom packaging solutions utilizing the latest microelectronics technologies for the aerospace, defense and medical manufacturing markets. Stellar Microelectronics’ annual revenue run rate is just under $100 million. Additional terms of the deal were not disclosed.

“We are very pleased to announce this agreement with Stellar Microelectronics,” said Paul Humphries, group president of Flextronics High Reliability Solutions. “This acquisition underscores Flextronics’ strategic commitment to expand our service offering in the aerospace, defense and medical markets, and we believe the combined companies will strengthen the services we can provide our customers in this space. We look forward to adding Stellar Microelectronics’ employees and industry-leading customers to the organization,” Humphries added.

Upon completion of the acquisition, Flextronics will increase its service offering to include microelectronic design and manufacturing services to support customers with unique U.S. manufacturing needs, including those requiring certifications such as AS9100C, ISO 9001:2008 and ISO13485:2003. Stellar Microelectronics’ Valencia operation is also FDA registered and ITAR compliant. All certifications, registrations and compliances will be maintained in order to continue to serve all aerospace, defense and medical customer requirements.

Greg Horton, chief executive officer at Stellar Microelectronics, said, “Flextronics’ proven track record, complementary service offering and outstanding reputation as a global leader in the EMS industry is an advantageous match for our customers and employees. This transaction will provide Stellar’s customers increased global scale and expanded supply chain leverage along with the benefits of an increased, low cost global footprint.”

Completion of the transaction, which is subject to certain closing conditions, is expected to take place by the end of April.

 

About Flextronics

Headquartered in Singapore, Flextronics is a leading Electronics Manufacturing Services (EMS) provider focused on delivering complete design, engineering and manufacturing services to aerospace and defense, automotive, computing, consumer, industrial, infrastructure, medical, clean tech and mobile OEMs. Flextronics helps customers design, build, ship and service electronics products through a network of facilities in 30 countries on four continents. This global presence provides design and engineering solutions that are combined with core electronics manufacturing and logistics services, and are vertically integrated with components technologies, to optimize customer operations by lowering costs and reducing time to market. For more information, please visit http://www.flextronics.com.

 

About Stellar Microelectronics

Stellar Microelectronics, Inc. is a full service Electronics Manufacturing Services (EMS) provider, specializing in advanced custom packaging solutions utilizing the latest microelectronics technologies. We offer a wide array of services including engineering, product development, and full turnkey production services. Stellar is differentiated from most EMS providers in that we provide processing capability from wafer to final product assembly. We process and test die, components, circuit card assemblies, and the final product with post-delivery support services. Our agile organizational structure supports automated enterprise resource planning (ERP), program management, material logistics, rapid response prototyping, and short cycle-time lean manufacturing.

Founded in 1974 as Elmo Semiconductor, Stellar Microelectronics Inc. has serviced the industry for over 30 years. While still maintaining our heritage of providing core technologies for semiconductor die processing and assembly, Stellar has grown to offer a range of capabilities from die packaging to box build/system solutions.

Comment On This Story
COMMENT POLICY: We welcome comments from individuals and businesses. All comments are moderated. Comments are subject to rejection if they are vulgar, combative, or in poor taste.
REAL NAMES ONLY: All posters must use their real individual or business name. This applies equally to Twitter account holders who use a nickname.

0 Comments

You can be the first one to leave a comment.

Leave a Comment


LOCAL BUSINESS LINKS
LOCAL BUSINESS HEADLINES
FINANCIALS OF LOCAL INTEREST
MARKETS & METALS
NASDAQ6283.6855  chart +1.14%
S&P 5002447.55  chart +0.79%
STOCKS OF LOCAL INTEREST
Bank Santa Clarita18.00  chart +0.00%
Biosolar, Inc.0.0381  chart -4.75%
Sierra Bancorp25.275  chart +1.22%
Cu Bancorp (ca)35.45  chart +1.43%
Enable Ipc Corp0.001  chart +0.00%
Flex Ltd. - Ordinary Shares15.64  chart +0.71%
Linn Energy Llc Unit Repstg Ltd0.096  chart +0.00%
Linn Co Llc Com Shs Repstg Ltd 0.0431  chart +0.00%
Mannkind Corporation1.4133  chart +0.23%
Mission Vly Bcp Ca13.82  chart +0.00%
Quest Diagnostics Incorporated106.37  chart +1.30%
Tejon Ranch Co19.96  chart -0.15%
Us Energy Initiative0.0005  chart +25.00%
Wesco Aircraft Holdings, Inc.7.95  chart +0.63%

Apple Inc.159.6228  chart +1.53%
At&t Inc.37.83  chart +0.67%
Autonation, Inc.42.31  chart -0.33%
Best Buy Co., Inc.61.27  chart +1.36%
Big Lots, Inc.50.41  chart +2.69%
Barnes & Noble, Inc.7.45  chart +1.36%
Brady Corporation32.90  chart -0.90%
Boston Scientific Corporation27.02  chart +0.48%
N/a24  chart +0.00%
Cbre Group Inc Class A35.675  chart +0.46%
Carnival Corporation68.38  chart -0.18%
Comcast Corporation41.3837  chart +1.43%
Costco Wholesale Corporation158.95  chart +1.20%
Curtiss-wright Corporation94.37  chart -0.29%
Cvs Health Corporation77.91  chart +0.35%
Cemex, S.a.b. De C.v. Sponsored9.145  chart -0.38%
D.r. Horton, Inc.35.58  chart -0.56%
Walt Disney Company (the)102.31  chart +1.13%
Edison International79.90  chart +0.15%
Hyatt Hotels Corporation Class 57.22  chart +1.65%
Home Depot, Inc. (the)149.91  chart +0.48%
Kb Home22.065  chart -1.23%
Kroger Company (the)22.99  chart +1.68%
Lennar Corporation Class A51.70  chart -0.79%
Laboratory Corporation Of Ameri155.26  chart +0.99%
Linn Energy Llc Unit Repstg Ltd0.096  chart +0.00%
Linn Co Llc Com Shs Repstg Ltd 0.0431  chart +0.00%
Lowe's Companies, Inc.75.065  chart +1.65%
Marriott International101.08  chart +2.36%
Mcdonald's Corporation159.43  chart +0.68%
Mitsubishi Ufj Financial Group,6.11  chart +0.00%
Netflix, Inc.168.39  chart +0.98%
Office Depot, Inc.4.155  chart +2.09%
Rite Aid Corporation2.2337  chart -0.72%
Rexford Industrial Realty, Inc.28.55  chart -1.38%
Regal Entertainment Group Class14.535  chart -0.58%
Ross Stores, Inc.59.01  chart +0.77%
Republic Services, Inc.64.63  chart +0.75%
N/aN/A  chartN/A
Starbucks Corporation54.315  chart +2.19%
Smart & Final Stores, Inc.7.325  chart +1.03%
Sears Holdings Corporation8.95  chart +4.68%
Six Flags Entertainment Corpora53.06  chart -0.32%
Sonova N164.60  chart +3.13%
Staples, Inc.10.195  chart +0.05%
Sunpower Corporation8.87  chart +0.34%
Target Corporation56.51  chart -0.09%
Time Warner Cable Inc209.56  chart -0.21%
Ulta Beauty, Inc.232.98  chart -0.53%
Walgreens Boots Alliance, Inc.81.50  chart +1.12%
Waste Connections, Inc.64.25  chart +0.25%
Whole Foods Market, Inc.41.73  chart +0.00%
Waste Management, Inc.75.95  chart +0.54%
Wal-mart Stores, Inc.79.9909  chart +0.35%
Woodward, Inc.67.90  chart +0.53%
CURRENCY CONVERTER

Latest Additions to SCVNews.com
The County and City of Los Angeles are asking that residents complete the Purposeful Aging Los Angeles (PALA) Age-Friendly Survey between now and September 15, 2017.
Officials Urge Residents to Complete Survey on Aging
A bank robbery at the Wescom Credit Union in Stevenson Ranch is under investigation by deputies, officials reported Monday afternoon.
Deputies Investigating Stevenson Ranch Bank Robbery
The contenders for the Best FIFA Women's Player 2017 have been revealed and voting is now underway.
Blue Heat’s Castellanos Makes FIFA’s Shortlist for Best Women’s Player 2017
1891 - Future First Lady Lou Henry (Hoover), 17, poses for photo at R.E. Nickel's Acton store [story]
Deputies from the Santa Clarita Valley Sheriff’s Station responded to a possible burglary call at a warehouse in the 29000 block of Avenue Sherman in Valencia Monday morning.
SCV Deputies Investigate Reported Valencia Warehouse Burglary
Tonight on SCV NewsBreak, a once-in-a-century solar experience took place Monday. Plus, on Saturday, dozens of people gathered in Newhall to celebrate the legacy of the old Saugus Speedway, its racers and its crew. Watch these stories and more on tonight's edition of SCV NewsBreak.
SCV NewsBreak for Monday, August 21, 2017
The 28th Annual Fine Art Show & Gala presented by the Santa Clarita Artists Association and the county of Los Angeles takes over Hart Hall on Saturday afternoon, October 14.
October 14: SCAA, County’s 28th Annual Art Classic at Hart Park
Organizers of the city of Santa Clarita's quarterly photo contest are now accepting entries for the fall 2017 competition.
City Opens Entries for Fall 2017 Photo Contest
The Santa Clarita Valley Boys & Girls Club invites everyone who shares a special connection with the club to the Alumni BBQ on Saturday afternoon, September 9.
September 9: Boys & Girls Club Alumni & Friends BBQ
Comedian and magician Fritz Coleman brings his stand-up show to Santa Clarita with an intimate, one-time performance at the Keyboard Galleria Music Center on Saturday, August 26.
August 26: Comic Fritz Coleman Stands Up at Keyboard Galleria
Deputies from the Santa Clarita Valley Sheriff's Station issued 38 traffic citations Friday and arrested a Newhall man on a parole violation warrant on Saturday.
Deputies Cite Speeders, Arrest Parolee
Lancaster JetHawks right-handed pitcher Jesus Tinoco has been named the California League Pitcher of the Week for August 14-20, 2017.
JetHawks’ Tinoco Named Cal League Pitcher of the Week
The Los Angeles Dodgers have acquired outfielder Curtis Granderson and cash considerations from the New York Mets in exchange for a player to be named later or cash considerations.
Dodgers Aqcuire Outfielder Curtis Granderson from Mets
The TMU Mustangs' women's volleyball home opener proved to be exactly what the doctor ordered as the hosts dispatched Lewis & Clark State College (ID) in straight sets 25-19, 25-22, 25-17.
Lady Mustangs Dispatch Lewis & Clark in Straight Sets
The Master's University's men's soccer team inaugurated their 2017 season with a 5-0 win over Northwest of Washington on Reese Field Saturday afternoon.
TMU Men’s Soccer Blanks Northwest in Season Opener
The Master’s University women’s soccer team’s 2017 record improved to 2-0 after beating the No. 8 ranked Northwest University Eagles 3-1 on Saturday morning at Reese Field.
TMU Women’s Soccer Team Grounds Eagles 3-1 Saturday
CalArtians Mathieu Libman (Film/Video BFA 19) and Aram Sarkisian (Film/Video BFA 17) are among the seven finalists for Student Academy Awards in the Animation category.
Two CalArtians Named 2017 Student Academy Awards Finalists
Western singer and songwriter John Zipperer headlines the next episode of "SCVTV Presents The OutWest Concert Series" at The MAIN in Old Town Newhall the evening of Friday, August 25.
August 25: John Zipperer Headlines ‘SCVTV Presents The OutWest Concert Series’
The Lancaster JetHawks clinched a franchise-record sixth consecutive winning season with their 71st victory, a 7-2 win over the Inland Empire 66ers, on Sunday afternoon at San Manuel Stadium.
JetHawks Sweep Sixers Sunday, Secure Winning Season
The Santa Clarita Valley Sheriff’s Station and the city of Santa Clarita launch the “Heads Up” campaign this week to combat distracted driving and increase pedestrian safety.
City, Sheriff’s Station Launch ‘Heads Up’ Safety Campaign
An 18-year-old man from Lancaster surrendered to the Santa Clarita Valley Sheriff’s Station’s Special Victims Unit Monday morning in connection with an alleged sexual assault earlier this month on College of the Canyons' Valencia campus.
Suspect Arrested in Alleged COC Sexual Assault
The Lancaster JetHawks scored seven runs in the fifth inning, propelling themselves to a 9-4 win over the Inland Empire 66ers on Saturday night at San Manuel Stadium.
Seven-Run Fifth Inning Carries JetHawks to Win Saturday
Hundreds of drivers were screened in a DUI checkpoint in Stevenson Ranch Friday night, but no arrests were made, CHP officials said.
CHP DUI Checkpoint Screens Hundreds of Drivers
1961 - CalArts grad (MFA '92) and marine biologist Stephen Hillenburg, creator of Spongebob SquarePants, born in Oklahoma; developed prototype for Spongebob while studying at CalArts in 1989. Estimated net worth in 2012: $90 million [story]
The Santa Clarita Public Library invites residents to view the total solar eclipse on Monday, August 21 at the Old Town Newhall Library starting at 10 a.m.
August 21: Solar Eclipse Viewing at Newhall Library
1967 - New Town of Valencia dedicated; homes sell for $25,000 [story]
1879 - Newhall civic leader Charles Henry Kingsburry born in Missouri [story]
Alerted by a concerned citizen Friday, Santa Clarita Valley Sheriff's Station deputies once again rescued dogs the owner left in a car with the windows rolled up and no water.
Deputies Break Window, Rescue Dogs Locked in Car
40 oz. to Freedom arrives in Santa Clarita as part of its anniversary tour at Concerts in the Park at Central Park on Saturday, August 19, with showtime at 7 p.m.
August 19: 40 Oz. to Freedom Rocks Central Park
Two local environmental groups filed a complaint in L.A. Superior Court Thursday regarding the approved plan to provide water to the Newhall Ranch development, set to break ground in 2018.
Environmental Groups File Complaint Against Newhall Ranch Water Plan
County Supervisor Kathryn Barger has provided $143,000 in funding to extend the season of youth and adult swim programs offered at the Castaic Aquatic Center through October 31.
Castaic Aquatic Center Programs Extended to October 31
Tonight on SCV NewsBreak, Los Angeles County firefighters and government leaders welcomed back the Super Scoopers Friday morning. Plus, the Old Town Newhall Library helped get the community ready for it as well by handing out free eclipse viewing glasses. Watch these stories and more on tonight's edition of SCV NewsBreak.
SCV NewsBreak for Friday, August 18, 2017
CalArts alumna Audrey Chan (Art MFA 07) will host a free, all-ages interactive arts workshop in Little Tokyo on Saturday and Sunday, August 19 and 20, as part of the Japanese American Cultural & Community Center’s 2017 Nisei Week activities.
August 19-20: Nisei Week Arts Workshop with CalArts Alum Audrey Chan
Habitat for Humanity SFV/SCV is honored to have received a $25,000 grant from the Disabled Veterans National Foundation, which will fund trauma workshops.
Habitat for Humanity Receives $25K Grant from Disabled Veterans
Here are agenda highlights for the next meeting of the Los Angeles County Board of Supervisors, set for Tuesday, August 22, starting at 9:30 a.m..
August 22: Board of Supervisors Meeting Agenda
Ashley Olivier, a student worker at the Santa Clarita Valley Sheriff's Station, summited Mt. Whitney with her dad, a lieutenant at LASD's Monterey Park station.
SCV Sheriff’s Station Student Worker, LASD Dad Top Mt. Whitney