Sanmina Corporation
 | |
 | |
| Type | Public |
|---|---|
| Industry | Electronics Manufacturing Services Original_design_manufacturers |
| Founded | 1980 |
| Founder | Jure Sola Milan Mandarić |
| Headquarters | , U.S. |
Key people | Jure Sola (chairman and CEO) [1] |
| Revenue |  US$8.13 billion (2025) |
| US$355 million (2025) | |
| US$246 million (2025) | |
| Total assets | US$5.86 billion (2025) |
| Total equity | US$2.54 billion (2025) |
Number of employees | c. 39,000 (2025) |
| Divisions | Viking Technology, SCI, Viking Enterprise Solutions, 42Q MES |
| Website | sanmina |
| Footnotes [2] | |
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Sanmina Corporation is an American electronics manufacturing services (EMS) provider headquartered in San Jose, California that serves original equipment manufacturers (OEMs) in communications and computer hardware fields. The firm has nearly 80 manufacturing sites, and is one of the world’s largest independent manufacturers of printed circuit boards and backplanes. As of 2026[update], it is ranked number 471 in the Fortune 500 list.[3]
History
[edit]Sanmina was founded by Jure Sola and Milan Mandarić[4] in 1980 as a manufacturer of printed circuit boards. It later expanded into manufacturing backplanes and backplane subassemblies.[5] By 1989 the company's revenue had grown to around $60 million and it was focused on providing electronics manufacturing services for several customers in the telecommunications industry. That year, Sola led a management buy-out of his co-founder's share in the company with investment from Morgan Stanley and became its president.[6][7] In 1991, Sola became Sanmina's chairman and CEO.[6][8]
In the 1990s original equipment manufacturers (OEMs) had increasingly begun outsourcing production to firms like Sanmina.[8] Sola was able to grow the company in the early 1990s by focusing on providing contract manufacturing,[8] and Sanmina established itself as an electronics manufacturer for OEMs.[5] The company increased its annual revenue by more than $20 million over the 5 years following the management buy-out.[6] In February[9] 1993, the company went public.[10]
Merger and name changes
[edit]In December 2001, Sanmina merged[clarification needed] with SCI Systems of Huntsville, Alabama, for $6 billion in cash, stock, and debt. Although Sanmina was only half as large as SCI at the time, it was in a better cash position because its core telecommunications business was performing well, whereas SCI's lower-margin businesses such as personal computer manufacturing, were struggling.[11] Shortly after, Sanmina-SCI bought E-M Solutions, a bankrupt Fremont, California electronics manufacturer, for $110 million in cash.[12] Then in early 2002, Sanmina acquired Rancho Santa Margarita-based Viking Interworks for $15 million ($10.9 million in cash and 390,000 shares of Sanmina stock worth $10.26 per share at the time).[13]
On November 15, 2012, the company changed its name to Sanmina.[14]
On July 2, 2015, the company announced that it had acquired the CertainSource Technology Group.[citation needed]
Change of leadership
[edit]Bob Eulau replaced co-founder Jure Sola becoming the CEO effective October 2, 2017. After this change, Sola assumed the role of Executive Chairman of the Board .[15] Hartmut Liebel assumed the role of CEO in October, 2019. Jure Sola returned again as CEO in August 2020.[16]
Operations
[edit]In 2015, the San Jose, California-based company had 38,417 employees in over 27 countries on six continents. It serves clients in the fields of communications, computing, multimedia, semiconductors, defense, aerospace, medical applications, and automotive technology. It provides consulting, design, engineering, logistics, new product introduction, assembly, machining, and fabrication, to produce printed circuit boards, backplanes, electrical cables, injection-molded plastics, enclosures and frames, optics.[citation needed]
On May 11, 2018, Ather Energy, announced it had entered into an agreement with the company to develop and manufacture key components for its maiden scooter and production would take place in the company's facility in Chennai, India.[17]
On March 3, 2021, Astrotech Corporation announced that its Astrotech Technologies, Inc. subsidiary has entered into an agreement with Sanmina Corporation to manufacture its mass spectrometry products. As part of the relationship, Sanmina will manufacture 1st Detect’s TRACER 1000. They have also agreed to manufacture AgLAB’s AgLAB-1000 and BreathTech’s BreathTest-1000 once those products are officially released.[citation needed]
Lawsuits
[edit]In 2023, it became known that Sanmina was engaged in ongoing litigation with its former partner, Dialight, concerning the termination of their manufacturing services agreement.[18]
In 2024, the claims against Sanmina for fraudulent inducement proceeded to trial after a New York court rejected Sanmina’s bid to dismiss Dialight’s fraud allegations.[19]
References
[edit]- ↑ "Sanmina Announces its Co-Founder and Executive Chairman to Reassume Chairman and CEO Role".
- ↑ "Sanmina Corporation 2025 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. 13 November 2025.
- ↑ "Sanmina". Fortune. Archived from the original on 2019-04-09. Retrieved 2018-12-23.
- ↑ Fork, Donna (May 8, 2007). "Local Sanmina-SCI division on the rise". Huntsville Times (Alabama).
The Sanmina portion of Sanmina-SCI was founded by Milan Mandaric and Jure Sola in 1980, as a printed circuit manufacturer.
- 1 2 International Directory of Company Histories 2010: Vol 109. Detroit, Michigan: St. James Press. pp. 482–486. ISBN 1414441053. Retrieved April 10, 2026.
- 1 2 3 Hammond, Libbie (November 2005). "Total customer focus" (PDF). Manufacturing Today Europe. Schofield Publishing. Retrieved April 9, 2026.
- ↑ Meikle, Brad (September 11, 2000). "DB Capital and Behrman Invest". Buyout Insider. Retrieved June 1, 2026.
Behrman said the firm's attraction to Kinetics dates back to 1989 when his brother, Grant Behrman, who was then with Morgan Stanley Capital Partners acquired Sanmina, a specialty circuit board manufacturer. "He invested $5 million of equity into the company...
- 1 2 3 Schlager, Neil (2005). International Directory of Business Biographies Volume 4: S-Z. Thomson Gale. pp. 120–121. ISBN 1-55862-558-5. Retrieved April 10, 2026.
- ↑ "SEC News Digest Issue 93-40" (PDF). SEC.gov. March 3, 1993. Retrieved April 10, 2026.
- ↑ "Chipmaker AMD Agrees to Sell AI Server Assets to Sanmina". Bloomberg. May 19, 2025. Retrieved April 6, 2026.
- ↑ Todd Wallack (July 17, 2001). "Sanmina buys rival SCI Systems". San Francisco Chronicle. Retrieved 2007-09-28.
- ↑ "Net expansion adds 52,000 domain names". San Francisco Chronicle. September 25, 2001. Archived from the original on January 13, 2002. Retrieved 2007-09-28.
- ↑ "Year later, Sanmina-SCI revives Viking". Orange County Business Journal. Retrieved 2010-10-27.[dead link]
- ↑ Sanmina Dropping 'SCI' from Name[link removed]
- ↑ "BRIEF-Bob Eulau has been named as next CEO of Sanmina". Reuters. Archived from the original on 2020-08-06.
- ↑ "Sanmina Announces its Co-Founder and Executive Chairman to Reassume Chairman and CEO Role" (Press release).
- ↑ "Ather Energy inks deal with Sanmina to develop & produce key parts for S340". ETAuto.com. Retrieved 2026-05-19.
- ↑ "Sanmina Litigation – Company Announcement - FT.com". markets.ft.com. Retrieved 2024-07-12.
- ↑ "Dialight brightens as court case against Sanmina goes to trial". Proactiveinvestors UK. 2023-03-15. Retrieved 2024-07-12.
External links
[edit]
- Official website
- Business data for Sanmina Corporation:
- Manufacturing companies based in San Jose, California
- Electronics companies established in 1980
- Companies in the S&P 400
- Companies listed on the Nasdaq
- Electronics companies of the United States
- 1980 establishments in California
- 1993 initial public offerings
- Computer companies of the United States
- Electronics manufacturing companies