Electronics Manufacturing Services
December 3, 2025
We think yesterday’s keynote from Amazon’s (AMZN; $232.38; NR) AWS CEO Matt Garman at the company’s re: Invent user conference further highlighted what we believe to be a wealth of new and more complex program…
December 1, 2025
We believe recent news flow highlights how investment drivers across the electronics manufacturing services (EMS) industry should prove increasingly dynamic next year. To that end, we point to the recent announcement of a new partnership…
August 21, 2025
Earlier today, press reports disclosed that Flex’s (FLEX; $49.49; O/P) manufacturing facility in Mukachevo, Ukraine was struck overnight by two missiles that were launched from Russia. According to press reports, Flex’s facility in Ukraine employs…
October 14, 2024
We think last week’s news that Hon Hai Technology Group (2317.TW; NT$199.00; NR), a/k/a Foxconn, plans to expand in Guadalajara, Mexico should be considered in the context of the decades of experience that North American…
August 19, 2024
This morning, Advanced Micro Devices (AMD; $155.28; NR) announced plans to acquire privately held ZT Systems, which designs, assembles, integrates, and tests servers, storage, plus other data center components, as part of a primary focus…
June 6, 2024
We think recent EPS prints from Atkore (ATKR; $143.65; NR), Eaton (ETN; $326.59; NR), Hubbell (HUBB; $381.62; NR), Johnson Controls (JCI; $71.95; NR) and WESCO International (WCC; $177.98; NR) point to further momentum on the…
December 5, 2023
Last Wednesday (11/29), Celestica (CLS; $26.96; NR) hosted a virtual Investor Meeting that we think provided additional support for the idea that electronics manufacturing services (EMS) providers are in a much better secular position for…
March 3, 2023
We think Tesla’s (TSLA; $199.25; NR) Investor Day on Wednesday (3/1) provided further support for the idea that electronics manufacturing service (EMS) providers, especially Flex (FLEX; $23.03; O/P) and Jabil (JBL; $85.47; O/P), as well…
January 17, 2023
We continue to envision a meaningful growth vector from global re-shoring for a range of electronics manufacturing service (EMS) providers. In fact, based on our most recent industry conversations, we think EMS opportunities in India…
November 30, 2022
We continue to see evidence that our well-established investment theme around global manufacturing re-shoring is still early stages when it comes to the electronics manufacturing service (EMS) providers we follow (“In Unchartered Territory; Launch on…