Exhibit 99.2

                   SOLECTRON TO PAY CASH FOR NOTES DUE IN 2019

For Immediate Release: Dec. 18, 2001

MILPITAS, Calif. - Solectron Corporation (NYSE: SLR), the world's leading
provider of electronics manufacturing and supply-chain services, today said it
intends to use cash to meet any obligations next month to repurchase its
zero-coupon senior convertible notes due in 2019.

Note holders have the right to require Solectron to repurchase all or a portion
of the notes they hold as of Jan. 28, 2002. Under the terms of the notes,
Solectron is required to notify note holders whether the company will pay the
purchase price in cash, Solectron common stock or a combination of cash and
common stock.

The procedures to be followed by holders electing to have their notes
repurchased are contained in a notice delivered to note holders, including the
Depository Trust Corporation, by State Street Bank and Trust Company of
California, N.A., the trustee for the notes. Solectron notified the trustee that
it intends to satisfy its repurchase obligations solely with cash and not with
common stock.

The accreted value of the notes outstanding is currently about $530 million.

ABOUT SOLECTRON

Solectron (www.solectron.com) provides a full range of global 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. Solectron, headquartered in Milpitas, Calif.,
is the first two-time winner of the Malcolm Baldrige National Quality Award.


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Analysts Contact:

Thomas Alsborg, Solectron Corporation, (408) 956-6614 (U.S.),
thomasalsborg@ca.slr.com

Media Contact:

Kevin Whalen, Solectron Corporation, (408) 956-6854 (U.S.),
kevinwhalen@ca.slr.com