Teradyne pulled $1 billion worth of manufacturing from China amid US export controls [Yahoo! Finance]
Flex Ltd. - Ordinary Shares (FLEX)
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Source: Yahoo! Finance
out of China last year, a Teradyne spokesperson said on Monday, after U.S. export regulations led to supply chain disruptions. A factory in Suzhou was the company's main manufacturing site for its semiconductor test equipment, which it subcontracted to Flextronics. Massachusetts-based Teradyne moved its production out after U.S. rules issued in October 2022 restricted exports to semiconductor manufacturing facilities there as part of an effort to keep U.S. technology from helping China's military. Many U.S. companies have been trying to reduce their reliance on China in recent years as the U.S.-China tech battle ramps up and regulators limit trade in sensitive technologies like chip making. Teradyne, which reports earnings on Tuesday, warned investors in its 2022 annual report about the potential impact of the October regulations, and in October 2023 said the restrictions hit both Teradyne's sales to certain companies in China and its manufacturing and development operations.
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News
- FLEX ANNOUNCES UPCOMING CHANGES TO ITS BOARD OF DIRECTORS [Yahoo! Finance]Yahoo! Finance
- Flex beats top-line and bottom-line estimates; initiates Q1 and FY25 outlook [Seeking Alpha]Seeking Alpha
- FLEX ANNOUNCES UPCOMING CHANGES TO ITS BOARD OF DIRECTORSPR Newswire
- FLEX REPORTS FOURTH QUARTER AND FISCAL 2024 RESULTS AND HOSTS INVESTOR AND ANALYST DAYPR Newswire
- Flex (FLEX) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release [Yahoo! Finance]Yahoo! Finance
FLEX
Earnings
- 5/1/24 - Beat
FLEX
Sec Filings
- 5/1/24 - Form 8-K
- 4/16/24 - Form 4
- 3/13/24 - Form 4
- FLEX's page on the SEC website