Europe’s Manufacturing Renaissance, Part 2

Editor’s note: Europe’s manufacturing industry – as in other regions – was hard hit by the Covid-19 pandemic. As of July, the IPC trade association said Europe would return to pre-pandemic levels by the end of 2021. “Our expectations for growth in Europe have increased over the last month,” IPC reported. “We now expect GDP…

Details

Allied Partners With Omron on Predictive Maintenance

Allied Electronics & Automation is partnering with Omron Industrial Automation to promote its latest line of predictive maintenance solutions. Designed for industrial businesses facing unplanned downtime, maintenance for aging equipment, and ongoing worker shortages, Omron’s products offer customers the ability to implement simple, elegant, and cost-effective predictive maintenance solutions that not only monitor equipment status in…

Details

Avnet FY Q4 Sales Grow 25.7%

Avnet, Inc. (Nasdaq: AVT) today announced results for its fourth quarter and fiscal year ended July 3, 2021. Commenting on the Company’s financial results, Avnet Chief Executive Officer Phil Gallagher stated, “In the fourth quarter, we delivered strong sales growth with record sales in our Electronic Components business and at Farnell, driving operating margin improvement approaching our 3%…

Details

Automotive MCU Sales to Rise 23% Despite Shortages

The huge market for automotive microcontrollers—which accounted for about 40 percent of total MCU sales over the last decade—has been on an uneven ride in the past several years, according to IC Insights.  After climbing 12 percent in 2017, worldwide automotive MCU sales slowed to a crawl in 2018, rising just 1 percent.  A borderline…

Details

Optimism Cools on Electronic Component Sales

Optimism regarding electronic component sales has tempered in the past few months, according to ECIA, although demand remains steadfastly high. The economy, inflation and supply chain constraints have likely contributed to softening expectations. It’s also possible that, after six months of chip allocation, OEMs are realistic about the number of parts they can expect to…

Details