Fabrinet was founded in 2000 by David T. (Tom) Mitchell, one of the co-founders of Seagate Technology.
Mr. Mitchell founded Fabrinet as a low-volume, high-mix service provider for the manufacturing of complex optical components. The company set out to serve original equipment manufacturers on a contract basis.
The initial funding of $1 million dollars was from Mr. Mitchell’s own capital. Hambretcht & Quist Asia soon added another $20 million dollars through its Asian Pacific Growth Fund. Fabrinet took over Seagate’s lease of the Chokchai manufacturing site. Seagate then became one of Fabrinet’s first customers.
Fabrinet continued expanding its Asia-based manufacturing hubs over the next 10 years. With the 2005 transfer of JDS Uniphase’s manufacturing operations to Thailand, the company focused on manufacturing components and modules for optical communication systems as well as industrial lasers and sensors. Fabrinet introduced the “factory within a factory” operation module, creating a system where customers provided the equipment needed to build their products while Fabrinet provided the labor, logistics, manufacturing, and a supply chain.
Fabrinet released their IPO in 2010. Since then Fabrinet has become a trusted manufacturing partner for the world’s most demanding OEMs. With about 7,000 employees worldwide, Fabrinet now provides manufacturing, packaging, process technology, and supply chain services to various markets. This includes many optical communication, automotive, and medical products in Thailand, China, and the U.S.