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You may never have heard of Flextronics, but there’s a decent chance you’ve already used a product they produced. The Singapore-based design and manufacturing concern has been churning out electronics for years through a massive network spanning 30 countries.

And your chances of using a Flextronics-produced netbook are about to go up as well. According to Digitimes, the company has struck a deal with HP to produce two million netbooks at the rock-bottom price of $45 per unit. The industry average sits around $70 right now, so this deal could well push other manufacturers to drop their prices to compete.

That drop adds up to substantial savings for HP on this order – around $50 million. However, as with other cost-reducing measures there’s no guarantee that this means HP netbooks will hit retail shelves at lower price points.

Here’s hoping.