# Who does Flex Ltd. pay? Who are its key suppliers?
Canonical: https://valuechain.wiki/flex-ltd · Facet: suppliers · Updated: 2026-09-24T11:00:19.552167+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Flex Ltd.'s confirmed suppliers/cost counterparties include LG Electronics, onsemi. Per the valuechain.wiki graph: 2 cost edges, backed by 2 dated sources, 0 of them primary filings (as of 2026-09-24).

### 아노드 마딕스 (high)
- metric: Amount $540M · 인수 거래대금(전액 현금) · Acquisition price for a critical power (medium-voltage switchgear, busway, power distribution) company for the data center market
- note: This 2021 deal is older, but it marks the origin of Flex's push into data center power infrastructure (now the Anord Mardix brand within the CPI segment) and is one of the rare cases where the actual deal value was disclosed. Not an existing node in the index. The pack's recency requirement is satisfied by other, more recent sources.
- [confirms] SEC EDGAR (Flex 8-K exhibit) (EN, filing, published 2021-10-18) https://www.sec.gov/Archives/edgar/data/866374/000086637421000054/flex-8xk10182021exh991prpr.htm: "$540 million all-cash transaction. Revathi Advaithi, CEO: "This acquisition builds on Flex's previously articulated strategy to move toward higher margin opportunities in faster growing verticals.""

### 크라운 테크니컬 시스템스 (high)
- note: Acquisition of an electrical switchgear and power infrastructure company for data centers. Not an existing node in the index. The deal value was not disclosed.
- [confirms] SEC EDGAR (EN, filing, published 2026-05-20) https://www.sec.gov/Archives/edgar/data/866374/000086637426000012/flex-20260331.htm: "Crown Technical Systems (acquired November 19, 2024) - customer relationships and licenses"

### 젯쿨 테크놀로지스 (high)
- note: JetCool holds precision-jet liquid cooling technology for data center GPU racks and was folded into the Cloud and Power Infrastructure (CPI) segment after the acquisition. The deal value was not disclosed. Not an existing node in the index.
- [confirms] SEC EDGAR (EN, filing, published 2026-05-20) https://www.sec.gov/Archives/edgar/data/866374/000086637426000012/flex-20260331.htm: "JetCool Technologies Inc. (acquired November 14, 2024) - developed technology rights"
- [confirms] PR Newswire (EN, news, published 2024-11-14) https://www.prnewswire.com/news-releases/flex-acquires-jetcool-to-expand-data-center-and-power-portfolio-302306177.html: "Michael Hartung, President and Chief Commercial Officer of Flex: "The addition of JetCool's advanced liquid cooling technology strengthens our ability to help customers address increased power, thermal density, and cooling requirements.""

### LG전자 (mid)  → /lg-electronics.md
- note: This is at the MOU stage; no procurement volume or contract value has been disclosed. Classified as a cost edge because Flex would integrate LG Electronics' cooling hardware into its modular solutions, though a revenue-sharing structure cannot be ruled out (see open_questions).
- [confirms] Seoul Economic Daily (KO, news, published 2025-11-04) https://www.sedaily.com/NewsView/2H0BNXV7FX: "LG Electronics and Flex signed an MOU on November 3, 2025 in Dallas, Texas, to co-develop modular data center cooling solutions combining LG's chillers, coolant distribution units (CDUs) and computer room air handlers (CRAHs) with Flex's IT and power infrastructure."

### onsemi (mid)  → /onsemi.md
- note: This power module product, co-developed with onsemi, shows that Flex Power Modules (now part of the CPI segment) adopted onsemi's semiconductor controller for data center power supply. No specific purchase value was disclosed.
- [confirms] Flex (EN, ir, published 2022-10-13) https://flex.com/resources/new-ultra-small-intermediate-bus-converter-developed-together-with-onsemi: "Mikael Appelberg, Flex CTO: "Our collaboration with onsemi in the development of the BMR313 has enabled us to achieve remarkable power density for demanding, space-constrained applications." Roberto Guerrero, onsemi General Manager: "Flex Power Modules BMR313 and onsemi's FD6000 are setting a new standard in powering the cloud.""

### 일렉트리컬 파워 프로덕츠 (EP²) (mid)
- note: Acquisition to strengthen the utility-grade power products portfolio (substation controls, relay panels, integrated control buildings). Flex's earnings presentation gives only the month ("May") without an exact date; since this occurred within FY2026, it is presumed to be May 2025.
- [confirms] Flex (Investor Relations) (EN, ir, published 2026-05-05) https://s202.q4cdn.com/732614612/files/doc_earnings/2026/q4/presentation/Flex_EP_FY26Q4.pdf: ""Acquired Electrical Power Products, Inc. (EP²) in May, strengthening Power utility portfolio... Utility-grade, specification-driven solutions support grid modernization and electrification.""

Reverse side: https://valuechain.wiki/flex-ltd/customers.md · Ripple: https://valuechain.wiki/flex-ltd/ripple.md

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Full node: https://valuechain.wiki/flex-ltd.md · JSON: https://valuechain.wiki/flex-ltd.json