Jabil Circuit, Inc. (JBL) announced today that its Board of Directors has authorized the repurchase of up to $100 million worth of shares of the Company’s common stock during the period from today through August 31, 2016. The shares will be repurchased from time-to-time in the open market at the Company’s discretion and subject to…
So far, Intel Corp.’s acquisition of Altera Corp. has not affected either supplier’s relationship with global distributor Arrow Electronics Inc. Although neither company was mentioned by name, Arrow CEO Mike Long told analysts on a quarterly conference call this week that consolidation in the semiconductor market — which also includes NXP/Freescale and Avago/Broadcom — has…
Intel Corporation and Micron Technology, Inc. today unveiled 3D XPoint technology, a non-volatile memory that has the potential to revolutionize any device, application or service that benefits from fast access to large sets of data. Now in production, 3D XPoint technology is a major breakthrough in memory process technology and the first new memory category…
Flextronics (FLEX), a leading sketch-to-scale solutions company that designs and builds intelligent products for a connected world, announced today that it has officially changed its name to Flex, with a promise to help the world Live smarter. “We have progressed in our product and service offering over the years, adding many new solutions, and today…
This past financial quarter has driven home the adage that business concentration among a few large customers has its downside. For example, although Apple Inc. sold almost 48 billion iPhones in Q2, many of its suppliers – according to CNN and others – were “getting crushed:” Just look at Cirrus Logic (CRUS), which makes micro chips…
Apple recently caused a flurry of excitement due to its recent announcement that HomeKit—a framework for communicating with accessories via smartphone—will soon be able to control a wide range of connected devices such as motion sensors, home security systems and carbon dioxide monitors. Throughout the next 10 years more than 50 billion Internet-connected devices will…
Lyon, France – The insulated-gate bipolar transistor (IGBT) device market is forecast to reach $6.2 billion in 2020, growing at a compound annual growth rate (CAGR) of 10 percent between 2014 and 2020, bolstered by the electric vehicle market, according to Yole Développement (Yole). By 2020, Yole expects electric vehicles to account for 50 percent…
In high-tech “disruptive” is a good thing. Disruption was the driving force behind the majority of the high-technology mergers and acquisitions in the first half of 2015, with acceleration in deal-making during Q2. Corporate technology buyers pushed 2Q15 deals to a record $127.2 billon, which is higher than any quarter since 2000 and up 65…
Arrow Electronics, Inc. (NYSE:ARW) today reported second-quarter 2015 net income of $123.9 million, or $1.28 per share on a diluted basis, compared with net income of $127.9 million, or $1.27 per share on a diluted basis, in the second quarter of 2014. Excluding certain items in the second quarters of 2015 and 2014, net income…
Apple Inc. closed the June quarter with approximately $202.8 billion in cash, short-term and long-term investments, up more than $9 billion from the preceding three-month period, as the world’s biggest consumer electronics company by market value continued to spew cash like a geyser. But where is this hoard of cash and what is the company…