Editor’s note: This article has been updated with a statement from Avnet. Maxim Integrated Products, which was officially acquired by Analog Devices Inc. (ADI) in August, is discontinuing its relationship with distributor Avnet Inc. Maxim accounted for roughly 3 percent of Avnet’s fiscal 2021 sales of $19.5 billion. The transition will take place over the…
Cree has announced the sale of its LED products business unit to Smart Global Holdings for up to $300 million.
The electronics supply chain relies on new product introductions (NPI) to drive both innovation and sales. More than half (53 percent) of electronics industry product launches have been delayed or cancelled due to the coronavirus pandemic, according to a Dimensional Research study commissioned by Supplyframe. Covid-19 also has led to increased component costs, the need…
U.S. purchasing and supply executives expect the nation’s economic downturn will continue for the rest of the year as the Covid-19 pandemic obscures forecasts in the manufacturing sector. Factory revenue is expected to drop 10.3 percent in 2020 — down 15.1 percent from December 2019 forecasts. The manufacturing and services sectors are both signaling contraction…
U.S. factory output in April accelerated its slide into contraction, falling to levels not seen since 2009. The Institute Supply Management’s (ISM) PMI dropped 7.6 percent — from 49.1 in March to 41.5. Any reading above 50 indicates growth; below 50 signifies contraction. In the computer and electronics segment, one executive reported a 30 percent…
For the past six months, the Electronic Components Industry Association (ECIA) has been in a state of flux. For the procurement community, that became evident though changes to ECIAauthorized, the association’s inventory-aggregation site. In October, some of ECIA’s biggest members – global distributors Arrow Electronics Inc., Avnet Inc. and Electrocomponents plc—left the trade association to…
Waymo recently released via Youtube a lecture on “Waymo Driver,” the company’s fifth-generation robocar platform. Presented by YooJung Ahn, head of design at Waymo, the video clip shares the new platform’s basic design ideas. Ultimately, the trick that caught many industry observers’ eyes about the latest robocar was Waymo’s liberal use of various sensors, including…
All over the world, healthcare workers face a critical supply shortage of personal protection equipment (PPE) which prevents cross-contamination between caregivers and patients. Life-saving ventilators are in short supply. It’s inconceivable that in 2020, the richest country in the world cannot produce enough masks, gowns, shields and equipment in response to the Covid-19 pandemic for…
The Covid-19 pandemic and oil-market volatility drove the U.S. manufacturing index back into contraction territory in March, as the Institute for Supply Management’s PMI fell to 49.1 from 50.1 the prior month. With 50.0 as the line of demarcation between contraction and growth, new orders at 42.2 percent and employment, at 43.8, are at the…
Editor’s note: Our colleagues in China, Taiwan and other regions in Southeast Asia continue to report, from the ground, on the coronavirus’s impact on the electronics industry. ESMChina shared the following update. At least 30 countries around the world have declared a state of emergency, according to EPSNews sister publication ESMChina, as Covid-19 continues to…