Perhaps Avnet Inc. should not have built a technology system sales and support unit to complement its core electronics components distribution operation but by agreeing to sell the division to Tech Data the company has layered on another level of complexity to an already challenged business, thereby increasing the likelihood of a major misstep that…
DetailsSilicon wafers are the basic building block for the semiconductors used for the smallest sensor in a light bulb to the most advanced electronic system in the space shuttle. It all starts from semiconductor grade polysilicon and is processed precisely to fit the needs of each application. One of the main concerns is whether existing…
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With the industry scrambling to match Apple's wireless earbuds, adding Valencell Inc.'s tiny PerformTek biometric measurement module to an earbud goes beyond Apple's newly announced AirPods. AirPods house a single microelectromechanical system (MEMS) accelerometer as a sensor. In contrast, PerformTek adds to biometric sensors already fine-tuned for health-care caliber performance metrics for sports, fitness and…
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At the end of the year, Avnet Inc., the longtime global revenue leader in combined components and systems sales, is going to look very different from the company that recently celebrated more than 60 years in the electronics distribution business. $26.2 billion Avnet and its nearest competitor Arrow Electronics Inc., with sales of $23.28 billion…
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Avnet today announced that it has agreed to sell its Technology Solutions operating group to Tech Data Corp. The deal is valued at $2.6 billion, including $2.4 billion in cash and 2.8 million shares of Tech Data common stock (currently valued at approximately $200 million). Calling it the “best strategic path” for both companies, Avnet…
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In an apparent effort to focus more heavily on its components business, Avnet Inc. announced today that it will sell its Technology Solutions business to Tech Data for $2.6 billion in cash and stock. William Amelio, who was named CEO on Sept. 6, said the sale will allow Avnet and Tech Data to focus on…
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The world of procurement is progressing, fast, and it's fundamental we keep up. Globalization and technological change are disrupting every aspect of our profession. Procurement professionals are expected to have an ever-broader skillset and are shouldering more responsibility. Deloitte's annual global supply chain survey revealed that supply chain executives need talent with leadership and professional…
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Electrocomponents PLC is getting closer to where Lindsley Ruth wants the company to be when he joined as group CEO nearly 18 months ago. Last week, the electronics components distributor announced financial results that appear to justify a recent management overhaul, product realignment and other strategic reorganization actions initiated in mid-2015. Analysts, shareholders and other…
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Zollner, the world’s largest privately owned EMS company with facilities in Silicon Valley, Costa Rica and throughout the world, has partnered with Plug and Play, a global startup ecosystem and venture fund specializing in the development of early-to-growth stage technology startups. The partnership will provide technology startups with a real insight into the complexities of taking…
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This year, some automakers started offering semi-autonomous driving under certain circumstances. In the not too distant future, these same types of technology will likely be part of every electronic OEMs logistics planning. Automation of cars and trucks have the potential to increase safety and affordability of transportation, and will allow more cars to navigate the…
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