The EDS Board of Directors has announced that it will reschedule its 2021 EDS Leadership Summit. Previously set to take place in Las Vegas from May 10 – 14, the dates are now set for August 30 – September 2. The change in dates also moves the start day to Monday rather than the traditional…
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On December 31, Texas Instruments Inc. and Avnet Inc. formally end their 40-year distribution relationship. Avnet’s success in replacing that business – estimated at 10 percent of Avnet’s sales — will be evident in the future, said Phil Gallagher, who was named Avnet’s CEO on November 23. Avnet’s fiscal 2020 sales reached $17.6 billion. TI…
DetailsAbracon, LLC (Abracon) announced that it has acquired Fox Electronics, a privately held frequency control supplier headquartered in Fort Myers, Florida. Mike Calabria, president and CEO said, “We are very excited about the addition of Fox Electronics to Abracon’s industry leading offering of frequency and timing products. Fox Electronics is a well-recognized brand that customers…
DetailsArrow Electronics, Inc. (NYSE:ARW) today announced that Andy King is retiring from the company as president of the global components business, effective December 31, 2020. “Andy has been an instrumental part of driving the growth and success of Arrow during his 34 years at the company,” said Michael J. Long, chairman, president, and chief executive…
DetailsMolex, a leading global connectivity and electronics solutions provider, announced the acquisition of Fiberguide Industries, a manufacturer of customized optical fiber solutions based in Caldwell, Idaho. Fiberguide will join Molex’s Polymicro business, a Phoenix-based provider of specialty optical fiber and fluidic-based products tailored for medical, industrial and datacom applications. “Today, Molex is setting a new…
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The continued peak in ocean container demand is keeping ports congested, equipment scarce and creating knock on effects on ocean rates — beyond the Asia-U.S .lanes that are generating most of the demand, according to Freightos. Prices from Asia to the Mediterranean – which are normally 37% lower than Asia-U.S. East Coast rates – skyrocketed…
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Telematics technology — which can refer to any piece of tech that combines telecommunications and information technology — is used across the business world, but it’s particularly valuable for logistics professionals, who face the challenge of managing an increasingly complex network of goods and delivery vehicle fleets. With the right piece of technology, entrepreneurs can…
DetailsAmphenol, an interconnect, antenna and sensor solutions specialist, has entered into a definitive agreement with MTS Systems, a supplier of test systems, motion simulators and precision sensors, under which will acquire MTS for USD 1.7 billion. “We have long admired MTS’s technology and position across a variety of attractive end markets,” said R. Adam Norwitt,…
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The cloud and edge computing have come to the industrial world and they’re here to stay. Whether one thinks that’s a good or bad thing, it’s now inevitable. These shifts have been accelerated by the enormous expansion in remote workers due to Covid-19 and their many unmanaged or insecurely managed devices, along with the connection of millions…
DetailsDutch automotive chip supplier NXP Semiconductors has told customers that it must raise prices on all products because it is facing a “significant increase” in materials costs and a “severe shortage” of chips, according to a letter to its customers seen by Reuters. “To address the unforeseen increase in costs from our suppliers, we reluctantly…
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