Dutch automotive chip supplier NXP Semiconductors has told customers that it must raise prices on all products because it is facing a “significant increase” in materials costs and a “severe shortage” of chips, according to a letter to its customers seen by Reuters. “To address the unforeseen increase in costs from our suppliers, we reluctantly…
Electrocomponents says it will acquire Synovos, a developer of integrated supply solutions in the Americas, for a total consideration of $145 million on a debt-free, cash-free basis, reported DistiBlog. The acquisition is subject to customary closing conditions, including US anti-trust, and is expected to complete in Q1 calendar year 2021. Electrocmponents says Synovos will accelerate…
KMC Systems Inc. isn’t just surviving the Covid-19 pandemic — it’s thriving. The medical equipment it manufactures is, of course, in critical demand. But the proximity of KMC’s suppliers – 90 percent are within 200 miles of the Merrimack, NH, electronics manufacturing services (EMS) provider — enables it to fulfill surging orders. The supply chain’s…