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<p align="center"><font size="4"><strong>UNITED STATES</br>
SECURITIES AND EXCHANGE COMMISSION</br>
Washington, D.C. 20549</strong></font></p>


<HR align=center SIZE=2 width="25%">
<br>
<p align="center"><font size="5"><strong>FORM 8-K</strong></center></font></p>
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<p align="center"><font size="4"><strong>
               Current Report Pursuant to Section 13 or 15(d) of the
                      Securities Exchange Act of 1934
</strong></font></p>

<p align="center"><font size="3"><strong>
    Date of Report (Date of earliest event reported):
<font color="FF0000"> January 5, 2001
</strong></font></p>
 <br>

<p align="center"><font size="6" color="#0000FF"><strong>
                          <u>SOLECTRON CORPORATION</u>
</strong></font></br>
<font size="2">
            <i>(Exact name of registrant as specified in its charter)</i>
</font></p>


<font size="3"><strong>
                         <CENTER><u>Delaware</u></CENTER>
</font></strong>
<font size="2">
                 <i><CENTER>(State of Other Jurisdiction of Incorporation)</CENTER></i>
</font></p>


<P>&nbsp;
<TABLE COLS=2 WIDTH="100%" >
<TR>
<TD>
<font size="3"><strong>
<CENTER><u>1-11098</u></CENTER>
</font></strong>
</TD>
<TD>
<font size="3"><strong>
<CENTER><u>94-2447045</u></CENTER>
</font></strong>
</TD>
</TR>
<TR>
<TD>
<font size="2">
<CENTER>&nbsp;<i>(Commission File Number)</i></CENTER>
</font>
</TD>

<TD>
<font size="2">
<CENTER><i>(IRS Employer Identification Number)</i></CENTER>
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<p align="center"><font size="3"><strong>
                                        777 Gibraltar Drive<br>
                      <u>Milpitas, California &nbsp;&nbsp;  95035
</strong></font></u><br>

<font size="2">
       <i> (Address of principal executive offices including zip code)</i>
</font></p>

<p align="center"><font size="3"><strong><u>
                                408-957-8500
</strong></font></u><br>

<font size="2">
               <i>  (Registrant's telephone number, including area code)</i>
</font></p>

<p align="center"><font size="3"><strong>
                                 Not Applicable
</strong></font></u><br>


<font size="2">
          <i>(Former name or former address, if changed since last report)</i>
</font></p>



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<P><A NAME="node2"></A>ITEM 2. Acquisition or Disposition of Assets</P>
<P>On January 5, 2001, the Registrant issued a press release regarding the
completion of its acquisition of NatSteel Electronics. As of January 5, 2001,
the Registrant tendered offers to acquire all of NatSteel Electornics Ltd's
(SGX-ST: NELC SP) shares and bonds closed today with tendered shares of 99
percent of the issued share capital of NatSteel Electronics and tendered bonds
of 99 percent of outstanding principal amount of bonds. The January 5, 2001
press releases in its entirety follows:</P>
<P>For Immediate Release</P>
<TABLE CELLSPACING=0 BORDER=0 WIDTH=634>
<TR><TD WIDTH="33%" VALIGN="TOP">
<P>Media Contacts:</P>
<P>Birgit Fink-Jensen<BR>
Solectron Corporation<BR>
+1 (408) 956 6995 (U.S.)<BR>
birgitfinkjensen@ca.slr.com</TD>
<TD WIDTH="29%" VALIGN="TOP">
<P>Analysts Contacts:<BR>
<BR>
Karen Wong<BR>
Merrill Lynch<BR>
+(65) 330 7888 (Asia)<BR>
karen_wong@sg.ml.com</TD>
<TD WIDTH="38%" VALIGN="TOP">
<P><BR>
<BR>
Thomas Alsborg<BR>
Solectron Corporation<BR>
+1 (408) 956 6614 (U.S.)<BR>
thomasalsborg@ca.slr.com</TD>
</TR>
</TABLE>

<P>Solectron Completes Acquisition of NatSteel Electronics</P>
<P>For Immediate Release: Jan. 5, 2000 </P>
<P>SINGAPORE -- Solectron Corporation (NYSE: SLR), the world's leading provider
of electronics manufacturing and supply-chain services, said its tender offers
to acquire all of NatSteel Electronics Ltd's (SGX-ST: NELC SP) shares and bonds
closed today with tendered shares of 99 percent of the issued share capital of
NatSteel Electronics and tendered bonds of 99 percent of outstanding principal
amount of bonds.</P>
<P>By exceeding the 90 percent threshold, Solectron will acquire the remaining
shares of NatSteel Electronics through compulsory acquisition, under Singapore
law. Once that step is completed, NatSteel Electronics will become a wholly
owned subsidiary of Solectron and will be de-listed from the Main Board of the
Singapore Stock Exchange. </P>
<P>"We welcome our NatSteel colleagues around the world to the Solectron
family," said Ko Nishimura, chairman, president and chief executive officer of
Solectron. "This is a significant and exciting step forward for our company as
we continue building the capabilities and capacity necessary to meet the ever-
growing demand from our customers." </P>
<P>"The successful merger between the two companies closes a chapter of one of
the most successful corporate stories in Singapore and one of the most
significant deals in the history of our region," said Chester Lin, chief
executive officer of NatSteel Electronics. "We are looking forward to our new
partnership with Solectron. By sharing our knowledge and capabilities across the
world, we will strengthen the company and provide even better service to our
current and future customers."</P>
<P>The acquisition values NatSteel Electronics, the world's sixth-largest
electronics manufacturing services provider, at about US$2.4 billion. As part of
the acquisition, Solectron gains manufacturing sites in China, Hungary,
Indonesia, Malaysia, Mexico, Singapore and the United States. In addition, about
12,000 NatSteel Electronics employees join Solectron.</P>
<P>Merrill Lynch acted as exclusive financial advise to Solectron in the
transaction.</P>
<P>About NatSteel Electronics</P>
<P>NatSteel Electronics provides global contract manufacturing services for
original equipment manufacturers (OEMs) in the electronics industry. The company
manufactures printed circuit board (PCB) assemblies, and provides box-building
capabilities and pre- and post-manufacturing services such as design,
prototyping, testing and logistics. The company has about 12,000 employees and
more than 2.3 million square feet of manufacturing capacity in 11 sites
worldwide. In the fiscal year ended Dec. 31, 1999, the company had sales of
S$3.2 billion.</P>
<P>About Solectron</P>
<P>Solectron (www.solectron.com), the world's leading supply-chain facilitator,
provides a full range of manufacturing and supply-chain management services to
the world's premier high-tech electronics companies. Solectron's offerings
include new product design and introduction services, materials management,
high-tech product manufacturing, and product warranty and end-of-life support.
The company, based in Milpitas, Calif., and founded in 1977, employs more than
71,000 people in 60 locations worldwide. Net sales for the first three months of
the fiscal year 2001 ended Dec. 1, 2000, was US$5.7 billion. Solectron was the
first two-time winner of the Malcolm Baldrige National Quality Award for
manufacturing.</P>
<P>Item 7. Financial Statements </P>
<OL TYPE="a">

<LI>Financial Statements of business acquired</LI>
<P>NatSteel's financial statements for the fiscal year ended December 31, 2000
will be filed with the Securities and Exchange Commission on or before March 21,
2001.</P>
<LI>The pro forma financial information </LI></OL>

<P>The pro forma financial information of the Registrant and NatSteel
Electronics will be filed with the Securities and Exchange Commission On or
before March 21, 2001.</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>SIGNATURES</P>
<P>Pursuant to the requirements of the Securities Exchange Act of 1934,
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.</P>
<P>&nbsp;</P>
<P>SOLECTRON CORPORATION</P>
<P>(Registrant)</P>
<P>Date: January 10, 2001</P>
<P>/s/ Susan S. Wang</P>
<P>--------------------------------------------</P>
<P>Susan S. Wang</P>
<I><P>Senior Vice President, Chief Financial Officer and Secretary (Principal
Financial and Accounting Officer) </P>
</I><P>&nbsp;</P>


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01102001 8K DOC
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of the
                      Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
January 5, 2001
SOLECTRON CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
(State of Other Jurisdiction of Incorporation)
1-11098
94-2447045
(Commission File Number)
(IRS Employer Identification Number)
777 Gibraltar Drive
Milpitas, California     95035
(Address of principal executive offices including zip code)
408-957-8500
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
ITEM 2. Acquisition or Disposition of Assets
On January 5, 2001, the Registrant issued a press release regarding the
completion of its acquisition of NatSteel Electronics. As of January 5, 2001,
the Registrant tendered offers to acquire all of NatSteel Electornics Ltd's
(SGX-ST: NELC SP) shares and bonds closed today with tendered shares of 99
percent of the issued share capital of NatSteel Electronics and tendered bonds
of 99 percent of outstanding principal amount of bonds. The January 5, 2001
press releases in its entirety follows:
For Immediate Release
Media Contacts:
Birgit Fink-Jensen
Solectron Corporation
+1 (408) 956 6995 (U.S.)
birgitfinkjensen@ca.slr.com
Analysts Contacts:
Karen Wong
Merrill Lynch
+(65) 330 7888 (Asia)
karen_wong@sg.ml.com
Thomas Alsborg
Solectron Corporation
+1 (408) 956 6614 (U.S.)
thomasalsborg@ca.slr.com
Solectron Completes Acquisition of NatSteel Electronics
For Immediate Release: Jan. 5, 2000
SINGAPORE -- Solectron Corporation (NYSE: SLR), the world's leading provider
of electronics manufacturing and supply-chain services, said its tender offers
to acquire all of NatSteel Electronics Ltd's (SGX-ST: NELC SP) shares and bonds
closed today with tendered shares of 99 percent of the issued share capital of
NatSteel Electronics and tendered bonds of 99 percent of outstanding principal
amount of bonds.
By exceeding the 90 percent threshold, Solectron will acquire the remaining
shares of NatSteel Electronics through compulsory acquisition, under Singapore
law. Once that step is completed, NatSteel Electronics will become a wholly
owned subsidiary of Solectron and will be de-listed from the Main Board of the
Singapore Stock Exchange.
"We welcome our NatSteel colleagues around the world to the Solectron
family," said Ko Nishimura, chairman, president and chief executive officer of
Solectron. "This is a significant and exciting step forward for our company as
we continue building the capabilities and capacity necessary to meet the ever-
growing demand from our customers."
"The successful merger between the two companies closes a chapter of one of
the most successful corporate stories in Singapore and one of the most
significant deals in the history of our region," said Chester Lin, chief
executive officer of NatSteel Electronics. "We are looking forward to our new
partnership with Solectron. By sharing our knowledge and capabilities across the
world, we will strengthen the company and provide even better service to our
current and future customers."
The acquisition values NatSteel Electronics, the world's sixth-largest
electronics manufacturing services provider, at about US$2.4 billion. As part of
the acquisition, Solectron gains manufacturing sites in China, Hungary,
Indonesia, Malaysia, Mexico, Singapore and the United States. In addition, about
12,000 NatSteel Electronics employees join Solectron.
Merrill Lynch acted as exclusive financial advise to Solectron in the
transaction.
About NatSteel Electronics
NatSteel Electronics provides global contract manufacturing services for
original equipment manufacturers (OEMs) in the electronics industry. The company
manufactures printed circuit board (PCB) assemblies, and provides box-building
capabilities and pre- and post-manufacturing services such as design,
prototyping, testing and logistics. The company has about 12,000 employees and
more than 2.3 million square feet of manufacturing capacity in 11 sites
worldwide. In the fiscal year ended Dec. 31, 1999, the company had sales of
S$3.2 billion.
About Solectron
Solectron (www.solectron.com), the world's leading supply-chain facilitator,
provides a full range of manufacturing and supply-chain management services to
the world's premier high-tech electronics companies. Solectron's offerings
include new product design and introduction services, materials management,
high-tech product manufacturing, and product warranty and end-of-life support.
The company, based in Milpitas, Calif., and founded in 1977, employs more than
71,000 people in 60 locations worldwide. Net sales for the first three months of
the fiscal year 2001 ended Dec. 1, 2000, was US$5.7 billion. Solectron was the
first two-time winner of the Malcolm Baldrige National Quality Award for
manufacturing.
Item 7. Financial Statements
Financial Statements of business acquired
NatSteel's financial statements for the fiscal year ended December 31, 2000
will be filed with the Securities and Exchange Commission on or before March 21,
2001.
The pro forma financial information
The pro forma financial information of the Registrant and NatSteel
Electronics will be filed with the Securities and Exchange Commission On or
before March 21, 2001.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
SOLECTRON CORPORATION
(Registrant)
Date: January 10, 2001
/s/ Susan S. Wang
--------------------------------------------
Susan S. Wang
Senior Vice President, Chief Financial Officer and Secretary (Principal
Financial and Accounting Officer)