Electronics Manufacturing Services

We do not think it’s an “accident” that most electronics manufacturing services (EMS) stocks we follow are trading right around 52-week highs even in the face of what our checks suggest is heightened levels of…

On Friday (3/20), Ecolab (ECL; $132.74; NR) announced plans to acquire CoolIT Systems, a liquid cooling technology business focused entirely on data center applications, for $4.75B from KKR. From our seat, this transaction highlights how…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…