Arrow 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…
DetailsSK Hynix said on Tuesday that its semiconductor packaging factory at Chongqing, China has resumed operations after briefly shutting down due to a factory-wide COVID-19 test ordered by the local government, According to ZDNet. The Chongqing City government had ordered the factory to be shut down after a company employee, a South Korean national, was diagnosed…
DetailsFaced with harsh operating conditions, and an increased demand for remote monitoring and automation during the global COVID-19 pandemic, industrial customers need edge connectivity, industrial computing and network infrastructure solutions that can establish and maintain secure connectivity in the face of moisture, extreme heat, freezing temperatures, vibration, and more. That’s why Allied Electronics & Automation…
DetailsAllied Electronics & Automation, a high-service distributor of automation and control, electronic, electrical, mechanical, and maintenance products, has completed an expansion of its North American distribution center in Fort Worth that adds more than 200,000 square feet of space and a full complement of the latest digital order fulfillment center technology from global intelligent automation…
DetailsWalsin Technology has resumed resistor production at its Malaysia plant, which had been shut down temporarily to facilitate coronavirus-related inspections, according to the passive component maker, according to DigiTimes. Walsin suspended its Malaysia resistor fab in late November after some employees there were infected with Covid-19, But healthy workers have gradually returned to production lines…
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