Framingham, MA -- Electronics manufacturing services provider Foxconn Electronics (the registered trade name of Hon Hai Precision Industry) overtook US-based Sanmina-SCI to become the second-largest EMS vendor worldwide, according to a recent report by International Data Corporation (IDC).
Solectron also moved down a notch from third largest in 2003 to fourth in 2004. Singapore-based Flextronics is still the largest.
EMS providers worldwide had combined revenues of $105.5 billion last year, up 13% from $93.3 billion in 2003, said IDC.
Foxconn recorded revenues of $12.92 billion in 2004, up 26% on year.