Arrow Electronics, Inc. (ARW) announced that Sean J. Kerins has been named the company’s chief operating officer. He will continue to report to Michael J. Long, chairman, president, and chief executive officer. Previously, Mr. Kerins served as president of Arrow’s global enterprise computing solutions business since 2014. Prior to that, he was president of the North American region for the…
DetailsIn the upstream semiconductor industry, the major foundries such as TSMC and UMC are reporting fully loaded capacities, while in the downstream, the available production capacity for OSAT is also lacking, according to TrendForce’s latest investigations. Given this situation, suppliers of NAND Flash controller ICs such as Phison and Silicon Motion are now unable to…
DetailsThe 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…
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…
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,…
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…
DetailsElectrocomponents says it will acquire Synovos, a developer of integrated supply solutions in the Americas, for a total consideration of $145 million on a debt-free, cash-free basis, reported DistiBlog. The acquisition is subject to customary closing conditions, including US anti-trust, and is expected to complete in Q1 calendar year 2021. Electrocmponents says Synovos will accelerate…
DetailsNewark, an Avnet Company and global distributor of electronic components, products and solutions, has signed a global franchise with XinaBox to broaden its market leading range of educational devices and kits. The XinaBox range provides a low-cost entry into the Internet of Things (IoT), Artificial Intelligence (AI), Machine Learning (ML) and automation and helps educators…
Details