Jabil Inc. shares declined in Thursday's extended trading after the company said its chief executive was going on paid leave pending an investigation related to company policies.
Jabil Inc has placed Chief Executive Officer Kenneth Wilson on a paid leave since April 15 pending completion of an investigation related to corporate policies, the electronic components maker said on Thursday.
The electronics contract manufacturer said the conduct in question doesn't relate to or affect the its financial statements. The company named CFO Michael Dastoor as interim CEO.
SAN FRANCISCO--(BUSINESS WIRE)--SPAN, the innovator in home energy management technology, is teaming up with Jabil, a global leader in engineering, manufacturing, and supply chain solutions, to support the rapid expansion of SPAN's product portfolio. This new alliance secures SPAN's ability to fulfill the accelerating demand for both current electrical panels and future products with speed, agi...
Jabil stock plunged last month after management offered weaker-than-expected guidance. AI is likely to drive a turnaround in its business from the next fiscal year.
It's no surprise that the biggest new arrivals on the S&P 500 all have strong ties to the world of artificial intelligence (AI). Recent reports suggest that the generative AI boom which helped to drive forward Wall Street in 2023 is set to become a $1.3 trillion industry by 2032, growing at a compound annual growth rate (CAGR) of 42%.
Industry First "Silicon to Solutions" Manufacturing Approach Paves Way for Scalability of Current and Next Generation Photonic Integrated Circuits (PICs) SANTA CLARA, Calif. , March 20, 2024 /PRNewswire/ -- To streamline and facilitate a back-end manufacturing ecosystem for PICs, OpenLight, the world leader in custom PASIC chip design and manufacturing, today announced a strategic partnership w...
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