Sanmina Corp (SANM)
Sanmina Corporation (SANM) is a global leader in integrated manufacturing solutions, providing end-to-end design, fabrication, assembly, and testing services for electronics and hardware products. The company serves various industries including communications, computing, healthcare, defense, and industrial markets, offering customized manufacturing and supply chain solutions.
Company News
The global Aerospace Printed Circuit Board Market is projected to grow from US$1.2 billion in 2024 to US$1.9 billion by 2034, with a 3.3% CAGR, driven by advancements in commercial aircraft, military platforms, and emerging technologies like UAVs.
AMD is selling its ZT Systems' U.S.-based data center infrastructure manufacturing business to Sanmina for $3 billion in cash and stock. Sanmina will become a preferred manufacturing partner for AMD's cloud AI solutions, while AMD retains design and customer support.
Smart Beta ETF report for FNK
Drops in key fundamentals and a double miss on guidance doomed the company to a lousy day on the stock market.
Shares of Sanmina Corp. rallied after hours on Monday after the tech-systems developer and services provider forecast second-quarter results that were above Wall Street’s expectations and said it expected stronger results heading into the second half of the year.
