NEC TOKIN Reaches Class Action Settlement for Capacitor Purchases

Greenville, S.C. – KEMET Corporation (NYSE: KEM) (“KEMET”), a leading global supplier of electronic components, today announced that NEC TOKIN Corporation, a joint venture between KEMET Electronics Corporation and NEC Corporation, reached a preliminary settlement with plaintiffs in two related U.S. antitrust class action suits. “A significant hurdle to our acquisition of NEC TOKIN has been cleared,” stated…

42Q Launches Industry’s First Cloud-Based MES

42Q, a leading provider of cloud manufacturing execution systems (MES), today announced the immediate availability of the first, fully cloud-based MES solution that offers competitive advantages in speed of deployment, operational agility and low total cost of ownership. Higher expectations from customers for demand flexibility and product delivery are significant factors leading manufacturers to adopt…

Arrow Sales Up 9% in Q1

Centennial, Colo. — Arrow Electronics, Inc. (NYSE:ARW) today reported first-quarter 2016 net income of $106.2 million, or $1.14 per share on a diluted basis, compared with net income of $106.1 million, or$1.09 per share on a diluted basis, in the first quarter of 2015. Excluding certain items1, net income would have been$132.2 million, or $1.43 per share on a diluted basis, in the first…

Paul J. Reilly to Retire from Arrow Electronics

Centennial, Colo .– Arrow Electronics, Inc. (NYSE: ARW) today announced that Chris Stansbury has been named senior vice president and chief financial officer, effective immediately. He will succeed Paul J. Reilly who is retiring from Arrow effective Jan. 31, 2017. In his new role, Mr. Stansbury will report to Michael J. Long, chairman, president and chief executive officer. Mr. Stansbury has…

SMIC, Crossbar Partner on RRAM Production

Semiconductor Manufacturing International Corporation (“SMIC”, NYSE: SMI; SEHK: 981), China’s largest and most advanced semiconductor foundry and one of the world’s largest foundries, and Crossbar, Inc., the RRAM(Resistive Random Access Memory) technology leader, jointlyannounced today that they had signed a strategic partnership agreement on non-volatile RRAM development and production. As part of the partnership, SMIC and Crossbar have signed an agreement to provide RRAM blocks based onSMIC’ 40nm…