Celestica Inc
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Information Technology : Electronic Equipment, Instruments & Components | Small Cap Value
Based in Canada
Company profile

Celestica Inc. is a provider of supply chain solutions. The Company operates in electronics manufacturing services business segment. The Company offers a range of services to its customers, including design and development, engineering services, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics and after-market repair and return services. Its products and services serve a range of applications, including servers; storage systems; optical equipment; aerospace and defense electronics; healthcare products and applications; semiconductor equipment, and a range of industrial and alternative energy products, including solar panels and inverters. It designs, manufactures and tests solar panels for the residential, commercial and utility scale markets. It uses technologies in the assembly and testing of its products.

Closing Price
Day's Change
-0.16 (-1.85%)
B/A Size
Day's High
Day's Low
(Above Average)

10-day average volume:

Hyundai Motor confirms self-driving-car talks with Apple, shares skyrocket

10:41 pm ET January 7, 2021 (MarketWatch)

By Mike Murphy

Shares of Hyundai Motor Co. soared more than 20% in Seoul trading Friday after the South Korean auto maker confirmed it was in talks with Apple Inc. to develop a self-driving electric car.

"Apple and Hyundai are in discussion, but as it is at early stage, nothing has been decided," Hyundai said in a statement.

That was enough to spark Hyundai's sharpest intraday trading gain since 1988.

The Korean news website Hankyung (https://www.hankyung.com/news/article/2021010802115) first reported the Apple news, saying Hyundai would manufacture the Apple-designed car as well as develop batteries for it.

Separately, Bloomberg News reported (https://www.bloomberg.com/news/articles/2021-01-07/apple-s-aapl-tesla-tsla-killer-won-t-ship-for-at-least-half-a-decade?sref=Oeyjq8by) Thursday that it will take Apple (AAPL) at least five years to develop an autonomous car. Bloomberg also reported that a number of former Tesla Inc. (TSLA) executives have been added to the project.

For years, Apple has been rumored to be working on a self-driving car, and has gone back and forth between developing its own car and just developing the technology (https://www.marketwatch.com/story/apple-focusing-on-self-driving-technology-not-building-cars-report-2017-08-22) for one. Last Month, Reuters reported (https://www.marketwatch.com/story/apple-shares-rise-on-report-that-icar-could-emerge-in-2024-11608584812) Apple was again looking to develop a passenger car, with a target date of 2024.

Apple shares jumped more than 3% on Thursday, and are up 69% over the past year, compared to a 7% gain by the Dow Jones Industrial Average , of which it is a component, over the past 12 months.

-Mike Murphy; 415-439-6400; AskNewswires@dowjones.com


(END) Dow Jones Newswires

January 07, 2021 22:41 ET (03:41 GMT)

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