Factory Index Rebounds After 5-Month Contraction

U.S. factory activity unexpectedly rebounded in January after contracting for five straight months amid a surge in new orders. The Institute for Supply Management’s PMI reached 50.9 percent, an increase of 3.1 percentage points from the seasonally adjusted December reading of 47.8 percent. The improvement in the PMI likely reflects ebbing trade tensions between the…

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Supply Chain Braces for Coronavirus Fallout

Global technology companies have made employees their priority as the deadly coronavirus spreads across the Chinese mainland and beyond. Late Thursday afternoon, the World Health Organization (WHO) declared the virus a global public health emergency. Apple has restricted employee travel and closed several stores. Avnet has asked employees to work from home. Peugeot and Citroen…

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Chip Market Rebounds in 2020 as Economic Woes Linger

The global semiconductor market is expected to rebound this year by as much as 7.9 percent, but the ghosts of 2019 haven’t vanished. Tariffs still impact more than $350 billion worth of imported Chinese goods — including the chips and passives that are staples of electronic systems — and economic indicators are suppressing spending. “Brexit,…

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Flex Power Modules Signs Global Pact With Digi-Key

Flex Power Modules has signed a partnership agreement with Digi-Key Electronics, a global electronics components distributor, to open a new sales channel expanding its global footprint and accelerating customer order fulfilment. All Flex Power Modules products will be listed on Digi-Key’s website and available for purchase, with many held in stock for immediate same-day dispatch.…

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