M&A
confidence high
sentiment positive
materiality 0.65
Sanmina and Reliance complete joint venture for electronics manufacturing in India
SANMINA CORP
- Joint venture will create a world-class electronic manufacturing hub at Sanmina's 100-acre Chennai campus, with expansion potential.
- Focus areas include 5G, cloud infrastructure, data centers, medical, industrial, cleantech, defense, and aerospace.
- Supports India's 'Make in India' initiative; will serve as a 'Manufacturing Technology Center of Excellence'.
- Day-to-day operations continue to be managed by Sanmina's Chennai team, ensuring seamless transition for employees and customers.
- Partnership combines Sanmina's 40 years of advanced manufacturing with Reliance's Indian business ecosystem expertise.