PHOENIX -- 1985 was a pivotal year for the memory market in the Americas. Seven of the nation's leading semiconductor makers exited the DRAM business due to a drastic decline in prices for memory, leaving just a handful of competitors, including the relatively young Micron Technology, Inc. (NASDAQ: MU). That same year, the stalwart Micron signed a distribution agreement with Avnet Electronics Marketing Americas, a business region of Avnet, Inc. (NYSE: AVT). Today, Avnet and Micron, a leading provider of advanced memory solutions, are celebrating the 30th anniversary of that agreement.
"Memory is a foundational element of electronic devices for applications ranging from the Internet of Things (IoT) and mobile/smartphones to data centers, smart cars and more," said Ed Smith, president, Avnet Electronics Marketing Americas. "Through the years, Avnet Electronics Marketing America and Micron have collaborated to provide customers with not only top-quality products and solution support, but a high-value sourcing experience that is efficient, reliable and cost effective."
Avnet and Micron also work cooperatively to train engineers on design techniques to leverage next-generation memory technologies through programs like Avnet's 2014/15 X-fest global technical seminar series.