Centennial, Colo. — Arrow Electronics, Inc. (NYSE:ARW) today reported first-quarter 2016 net income of $106.2 million, or $1.14 per share on a diluted basis, compared with net income of $106.1 million, or$1.09 per share on a diluted basis, in the first quarter of 2015. Excluding certain items1, net income would have been$132.2 million, or $1.43 per share on a diluted basis, in the first…
DetailsCentennial, Colo .– Arrow Electronics, Inc. (NYSE: ARW) today announced that Chris Stansbury has been named senior vice president and chief financial officer, effective immediately. He will succeed Paul J. Reilly who is retiring from Arrow effective Jan. 31, 2017. In his new role, Mr. Stansbury will report to Michael J. Long, chairman, president and chief executive officer. Mr. Stansbury has…
DetailsSemiconductor Manufacturing International Corporation (“SMIC”, NYSE: SMI; SEHK: 981), China’s largest and most advanced semiconductor foundry and one of the world’s largest foundries, and Crossbar, Inc., the RRAM(Resistive Random Access Memory) technology leader, jointlyannounced today that they had signed a strategic partnership agreement on non-volatile RRAM development and production. As part of the partnership, SMIC and Crossbar have signed an agreement to provide RRAM blocks based onSMIC’ 40nm…
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Hitachi Chemical Co. Ltd. is the second capacitor manufacturer to plead guilty to fixing prices for electrolytic capacitors in the U.S. between 2002 and 2010, according to the U.S. Department of Justice. In 2015, NEC Tokin Corp. plead guilty to fixing prices for electrolytic capacitors sold to customers in the U.S. between 2002 and 2013.…
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Buyers can expect continued stable to lower pricing for capacitors in 2016 thanks to plenty of availability and lower demand across end markets. Lead times also remain stable in the off the shelf to six to 10 week range. Pricing and availability trends are a continuation of last year’s market. Distributors and component manufacturers report…
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It has been a couple of weeks since double earthquakes hit the Japanese island of Kyushu in the Kumamoto prefecture, self-named as Japan’s Silicon Valley. The two earthquakes, one registering 6.5 magnitude followed by the main 7.3 magnitude event, are unusual in that they occurred in a two-day time frame. Additionally significant: 1,000 aftershocks continue…
DetailsBannockburn, Ill.— IPC — Association Connecting Electronics Industries® announced today the March 2016 findings from its monthly North American Printed Circuit Board (PCB) Statistical Program. Sales growth accelerated in March and order growth rebounded. Bookings outpaced shipments, but the book-to-bill ratio held steady at 1.02. Total North American PCB shipments in March 2016 came in at 10.3…
DetailsLowell, Mass. – MACOM Technology Solutions Holdings, Inc. (NASDAQ: MTSI) (MACOM), a leading supplier of high-performance analog RF, microwave, millimeterwave and photonic semiconductor products, today announced that it has initiated legal action against Infineon Technologies and International Rectifier (acquired by Infineon in 2015), to defend its rights to use the pioneering and patented gallium nitride on…
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There’s a new high-profile attendee at this year’s EDS conference for component manufacturers, distributors and manufacturers’ reps that has been seen as a potential disruptor for a while. Amazon Business, the b2b unit of e-commerce giant Amazon.com, is attending this year’s EDS as a service provider. Amazon Business sells electronic components through its b2b unit…
DetailsPhoenix, Ariz. – Avnet, Inc. (NYSE:AVT) today announced results for the third quarter fiscal year 2016 ended April 2, 2016. Sales for the third quarter ended April 2, 2016, decreased 8.3% year over year and 6.9% in constant currency to $6.17 billion, organic sales (as defined later in this release) declined 8.6% year over year…
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