# BYD Electronic to buy Jabil's mobility business in China for $2.2B

BYD Electronic (International) Company Limited agreed to acquire Jabil Inc.'s mobile electronics manufacturing business in China for 15.8 billion yuan ($2.2 billion). The deal will expand BYD Electronic's customer base and smartphone components business.

- Type: Acquisition
- Announced: 2023-08-28
- Where: China, China
- Value: $2.20B
- Status: announced
- Products: mobile electronics manufacturing, smartphone components
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Jabil](https://endata.com/companies/1600.md)
- [Jabil](https://endata.com/companies/1600.md) (target)
- [BYD Electronic (International) Company Limited](https://endata.com/companies/72268.md) (acquirer)
- [Jabil Circuit (Singapore) Pte. Ltd.](https://endata.com/companies/72888.md) (partner)

## Sources

- [reuters.com](https://www.reuters.com/markets/deals/ev-maker-byd-buys-us-firm-jabils-china-manufacturing-business-22-bln-2023-08-27/), 2023-08-27: "The deal will expand BYD Electronic's customer base, product portfolio and its smartphone components business as it looks to capture Jabil's potential growth in the sector."
- [investors.jabil.com](https://investors.jabil.com/news/news-details/2023/Jabil-Announces-Definitive-Agreement-to-Divest-Mobility-Business-for-2.2-Billion/default.aspx), 2023-09-26: "Jabil Inc. today announced the signing of a definitive agreement to divest its Mobility business to BYD Electronic (International) Company Limited in a cash transaction valued at $2.2 billion."
- [autonews.gasgoo.com](https://autonews.gasgoo.com/articles/news/byd-electronics-inks-agreement-to-acquire-jabil-incs-electronics-manufacturing-business-70028470), 2023-09-27: "BYD Electronics intends to acquire from Jabil Inc. the latter's mobility business that manufactures components for consumer electronics products ... for approximately 15.8 billion yuan in cash."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.