Solectron Completes Acquisition of Singapore Shinei Sangyo

		SOLECTRON LOGO Solectron (www.solectron.com), the world's leading supply-chain facilitator, provides a full range of manufacturing and supply-chain management services to the world's premier high-tech electronics companies. Solectron's offerings include new-product design and introduction services, materials management, high-tech product manufacturing, and product warrantyand end-of-life support. Solectron, based in Milpitas, Calif., is the first two-time winner of the Malcolm Baldrige National Quality Award for manufacturing. (PRNewsFoto)[AG JL] MILPITAS, CA USA

New Subsidiary Expands Solectron's Enclosure Design and Manufacturing Capabilities MILPITAS, Calif., June 24 /PRNewswire/ -- Solectron Corporation (NYSE: SLR), the world's leading provider of electronics manufacturing and supply-chain management services, said today that it has completed its acquisition of Singapore Shinei Sangyo Pte Ltd., a privately held manufacturer and designer of enclosures for electronics products. Shinei, which will be renamed Shinei International, will be an independently operated subsidiary within Solectron's newly formed Power, Packaging and Cooling unit, and continues to market its services to other companies separately. Financial terms of the deal were not disclosed. (Photo: http://www.newscom.com/cgi-bin/prnh/20001201/SLRLOGO ) As part of the transaction, Solectron gains Shinei International's specialized manufacturing and design capabilities, including custom enclosure design and prototyping, tooling and metal fabrication, enclosure assembly and top-level assembly for the server, networking, desktop PC and printer product markets. Solectron's Power, Packaging and Cooling unit will continue to develop and expand the company's capabilities in enclosure design and manufacturing, backplane assembly, power supply integration, and engineering -- all fundamental components of Solectron's full systems-solutions offering. Safe Harbor This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding future development plans for Solectron's Power, Packaging and Cooling unit based on current expectations, forecasts and assumptions involving risks and uncertainties that could cause actual outcomes to differ materially. These risks and uncertainties include the ability to effectively integrate the Singapore Shinei Sangyo Pte Ltd. Operations. For a further list and description of risks and uncertainties, see the reports filed by Solectron with the Securities and Exchange Commission, specifically forms 8-K, 10-Q, S-3, S-4 and 10-K. Solectron disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. About Solectron Solectron (http://www.solectron.com), the world's leading supply-chain facilitator, provides a full range of manufacturing and supply-chain management services to the world's premier high-tech electronics companies. Solectron's offerings include new-product design and introduction services, materials management, high-tech product manufacturing, and product warranty and end-of-life support. Solectron, based in Milpitas, Calif., is the first two-time winner of the Malcolm Baldrige National Quality Award for manufacturing. CONTACT: investors, Thomas Alsborg, 408-956-6614, or thomasalsborg@ca.slr.com, or media, Robert (Bob) Kula, 408-935-5405, or robertkula@ca.slr.com, both of Solectron Corporation.