Chinese carmaker BYD to buy US firm Jabil's mobility business for $2.2 bln
Chinese automaker BYD (002594.SZ) said on Monday its electronics unit has struck a deal with U.S.-based manufacturer Jabil Inc (JBL.N) to buy its mobile electronics manufacturing business in China for 15.8 billion yuan ($2.2 billion). The deal will expand BYD Electronic’s (BE) (0285.HK) customer base, product portfolio and its smartphone components business as it looks to capture Jabil’s potential growth in the sector.
Singapore-based Jabil Circuit, which manufactures printed circuit boards, established a unit this month that absorbed its product-manufacturing businesses in Chengdu and Wuxi, which will now be sold to the Chinese group.
BYD and Huawei build smart factories together
BYD has chosen Huawei to help it build a 10Gbps network based on Huawei’s High-Quality 10 Gbps CloudCampus solution. This network features ultra-fast access, superb experience, simplified architecture, and simplified O&M.
In production scenarios, an increasing number of BYD’s R&D and production systems rely on high-bandwidth networks. For example, R&D simulation generates huge HD rendering workloads, which requires transmission of huge volumes of data between cloud servers and local terminals. In addition, simulation and rendering synchronization raises requirements for low network latency.