Avnet FY Q4 Sales Grow 25.7%

Avnet, Inc. (Nasdaq: AVT) today announced results for its fourth quarter and fiscal year ended July 3, 2021. Commenting on the Company’s financial results, Avnet Chief Executive Officer Phil Gallagher stated, “In the fourth quarter, we delivered strong sales growth with record sales in our Electronic Components business and at Farnell, driving operating margin improvement approaching our 3%…

Automotive MCU Sales to Rise 23% Despite Shortages

The huge market for automotive microcontrollers—which accounted for about 40 percent of total MCU sales over the last decade—has been on an uneven ride in the past several years, according to IC Insights.  After climbing 12 percent in 2017, worldwide automotive MCU sales slowed to a crawl in 2018, rising just 1 percent.  A borderline…