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…
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Editor’s note: Europe was hit hard 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 to expand by 4.7 percent in 2021, up…
DetailsThe emergence of the new coronavirus in late 2019 and the still-ongoing pandemic it caused led to an unprecedented global economic downturn. Virtually every nation on the globe felt its effect, but some appear to be recovering faster than others. China, where the pandemic began, has proven to be one of the more resilient nations,…
DetailsThe board of directors for the 2021 EDS Leadership Summit has announced the event has been canceled. In a message on ECIA’s website, President and CEO David Loftus wrote: In planning this year’s EDS, the number one concern has always been the health and safety of the attendees and their families. It is in that…
DetailsAllied 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…
DetailsAvnet, 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%…
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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…
DetailsNow that most negotiations over contract prices of PC DRAM for 3Q21 have concluded, DRAM suppliers’ low inventories and the arrival of the peak season for DRAM procurement have resulted in a 3-8 percent QoQ increase in PC DRAM contract prices for 3Q21, although this is a relatively muted growth compared to the 25 percent…
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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…
DetailsAfter Malaysia extended its MCO (movement control order) 3.0, the Filipino government also announced the implementation of ECQ (enhanced community quarantine) measures in Metro Manila until August 20 in response to the Delta variant’s rapid spread in Southeast Asia that began in July. According to the August edition of TrendForce’s MLCC Market Bulletin, Japanese MLCC…
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