Flex Announces Intention to Spin Off its Cloud and Power Infrastructure Segment into a New Independent Publicly Traded Company Accessibility Statement Skip Navigation Spin-off will create two companies with distinct growth strategies that are poised to drive significant customer and shareholder value News summary AUSTIN, Texas, May 5, 2026 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced that its Board of Directors has unanimously approved moving forward with a plan to spin off its Power and Cloud portfo ...