U.S. manufacturing in October expanded at its highest rate since 2018, driven by the strongest orders growth since 2004 and an uptick in factory employment. The Institute for Supply Management’s manufacturing index, the PMI, grew 3.9 percent to 59.3 in October, while new orders increased 7.7 percent to reach 67.9. Any reading above 50 indicates…
DetailsLaird Performance Materials, a portfolio company of privately held Advent International, and TTI, Inc., the world’s leading authorized distributor specialist offering passive, connector, electromechanical and discrete components, have reached an agreement whereby TTI will promote and sell Laird’s full fine of engineered products throughout North America. Most of the leading names in electronics are served…
DetailsTE Connectivity (TE), a world leader in connectivity and sensors, has announced that it has completed the acquisition of DRI Relays Inc. DRI, founded in 1954 and with operations in the U.S. and India is a leader in the design and manufacturing of electro-mechanically hermetically sealed relays, time delay devices, and making sockets for applications…
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The ongoing Covid-19 crisis has brought disruption and presented new challenges across every industry. For the electronics manufacturing sector, there are dozens of challenges that accompany the “new normal”—from remote work and stay-at-home orders, to travel restrictions and supply chain complexities. Although businesses have had to rapidly pivot and completely transform their operational standards to…
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Just five years ago, Advanced Micro Devices’ (AMD) acquisition of Xilinx would have sent shockwaves through the distribution channel. Xilinx and archrival Altera, now owned by Intel, were the last holdouts of a practice called shelf-sharing, where two competitors refuse to be sold side by side — “share shelf ” — at a single distributor.…
DetailsArrow Electronics, Inc. (ARW) today reported third-quarter 2020 sales of $7.23 billion, an increase of 2 percent from sales of $7.08 billion in the third quarter of 2019. Third-quarter net income was $166 million, or $2.13 per share on a diluted basis, compared with a net income of $92 million, or $1.10 per share on…
DetailsTTI, Inc., a leading specialty distributor of electronic components, is pleased to announce the company has satisfied the newly released minimum security criteria for Customs Trade Partnership Against Terrorism (CTPAT), a voluntary incentives-based program. As outlined by the program, U.S. Customs and Border Protection (CBP) partners with members of the trade community to strengthen global…
DetailsAvnet, Inc. (Nasdaq: AVT) today announced results for its first quarter ended October 3, 2020. Sales reached $4.7 billion, up from $4.2 billion in the previous quarter and $4.6 billion in the prior year quarter. Other highlights: GAAP diluted loss per share of $0.19, compared with earnings per share of $0.40 a year ago. Non-GAAP adjusted…
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The next president of the United States will be decided in November and the choice will impact the electronics industry and its supply chain. Decisions coming from the White House on topics ranging from tariffs and trade wars to corporate taxation will continue to change the face of U.S. manufacturing. Scoop Communications collected feedback from…
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A memory price jump that typically coincides with the introduction of new smartphone models in 3Q and 4Q is not expected due to disrupted buying patterns and cautious discretionary spending. IC Insights’ October Update to The McClean Report showed the monthly average selling price (ASP) of DRAM started on a steep downward trend in the…
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