Jabil to Sell Aftermarket Unit for $725M

Jabil Circuit Inc. (NYSE: JBL) has announced plans to sell its aftermarket support business to iQor Holdings Inc. for $725 million as the electronics manufacturing services provider intensifies its multiyear reorganization and cost-reduction programs. The EMS provider said the decision to sell the aftermarket services (AMS) division is in furtherance of plans to focus primarily…

IDT Names Greg Waters CEO

Integrated Device Technology, Inc. (IDT® or the Company) (NASDAQ: IDTI), the Analog and Digital Company™ delivering essential mixed-signal semiconductor solutions, today announced the appointment of Greg Waters, 53, as President, Chief Executive Officer and board member, effective January 6, 2014. Jeff McCreary, who served as interim CEO since August 2013, will remain a member of…

Coilcraft Adds Test & Validation Services

Coilcraft CPS (Critical Products and Services) has announced a new product testing and validation service to help electronics manufacturers determine the reliability, repeatability and/or compliance of the electronic components and assemblies they manufacture or procure. Manufacturers of all types of electronic components and devices can utilize Coilcraft CPS’s advanced labs to complete sets of tests…

Heilind Stocks 3M Interconnects

Heilind Electronics, the largest distributor of interconnect products in North America, is now stocking the 3M™ Ribbon Cable Wiremount Socket Assembly, .050″ x .050″, 451 Series and the 3M™ Shrouded Boardmount Header, .050″ x .050″, 452 Series. The small, robust socket and header mate together connecting .025″ pitch ribbon cables to printed circuit boards (PCBs).…

Samsung NA Names New President

Samsung Electronics Co., Ltd. today announced the appointment of Gregory Lee as President of the North America Headquarters (NAHQ) in addition to his role as President of Samsung Telecommunications America (STA) effective immediately. In his new role, Lee is responsible for overseeing Samsung businesses across all offices in North America which include Samsung Electronics America,…

Alliance Inks Global Pact With Digi-Key

Global electronic components distributor Digi-Key Corporation, the industry leader in electronic component selection, availability and delivery, today announced the signing of a global distribution agreement with Alliance Memory Inc., a worldwide provider of legacy memory products. Alliance Memory manufactures a complete line of SRAMs, including 3.3 V and 5 V fast asynchronous SRAMs with speeds…