Chip Makers Continue R&D Spending Streak
Following record-high investments in 2021, chip companies are set to raise their R&D spending 9 percent this year to reach a level of $80.5 billion
Capacity Improves for Ocean Freight; Prices Declining
The ongoing lockdown in Shanghai – as well as China’s Labor Day holiday that saw many factories across the country closed over the first half of this week – continued to make exports scarce, according to the Freightos cargo marketplace. Meanwhile, Covid case counts climbed in Beijing and other cities raising the possibility of additional…
Farnell Signs APAC Distribution Agreement With KUNBUS
Farnell, an Avnet Company and global distributor of electronic components, products and solutions has signed a new distribution agreement with KUNBUS to further enhance its portfolio of solutions for industrial automation and control applications. Design engineers can save time and money when using the devices, gateways, and expansion modules in the KUNBUS portfolio to implement…
Arrow Q1 2022 Sales Up 8%
Arrow Electronics, Inc. (NYSE:ARW) today reported first-quarter 2022 sales of $9.07 billion, an increase of 8 percent from sales of $8.39 billion in the first quarter of 2021. First-quarter net income was $365 million, or $5.31 per share on a diluted basis, compared with a net income of $206 million, or $2.72 per share on…