News Wire

Port Congestion Poised to Ease

Recent reports show a 3% reduction in global ocean volumes in May compared to last year, and estimate that transpacific container vessels sailed less than 90% full – the level key to keeping rates high or climbing  – for the first time since mid-2020, according to cargo marketplace Freightos. Asia – Europe vessels had utilization…

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Avnet Announces CFO Transition

Avnet (Nasdaq: AVT) today announced that Thomas Liguori, the Company’s Chief Financial Officer (CFO), will be transitioning from Avnet to begin a new chapter of opportunities in the public, private and university sectors. Consistent with Avnet’s succession plan, Kenneth A. Jacobson, the Company’s corporate controller and a seasoned corporate executive, will succeed Mr. Liguori as CFO…

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Abracon Acquired by Genstar Capital

Abracon LLC, (Abracon) a leader in passive components, today announced it has been acquired by Genstar Capital, a leading private equity firm focused on investments in targeted segments of the industrials, financial services, healthcare, and software industries. Abracon’s technical expertise and product offerings span frequency control and timing devices, inductor and connectivity products, and RF and…

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Bourns Marks 75th Anniversary in Business

Bourns, Inc., a leading manufacturer and supplier of electronic components, today announced the company is celebrating its 75th anniversary as a global leader, trusted innovator and certified manufacturer of a wide range of advanced products that are used in thousands of electronics industry applications. Headquartered in Riverside, California, Bourns has a growing global presence with…

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Air & Ocean Freight Rates Continue Decline

More signs of slowing consumer demand surfaced this week with reports of manufacturing and new orders slowing and of U.S. retail spending unexpectedly dipping slightly in May. Falling ocean container rates, especially on the transpacific, suggest that capacity continues to exceed demand.  Asia – N. America rates fell 2 percent this week, with West Coast…

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TrendForce: DRAM Prices to Drop by 10%

According to the latest TrendForce research, despite the rapid weakening of overall consumer demand in 1H22, DRAM manufacturers previously presented a tough stance on price negotiations and gave little ground, steadily conveying inventory pressure from buyers to sellers. Facing uncertain peak-season demand in 2H22, some DRAM suppliers have begun effectively expressing clear intentions to cut…

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Mouser to Distribute ATP Electronics Globally

Mouser Electronics, Inc., the authorized global distributor with the newest semiconductors and electronic components, announces a global distribution agreement with ATP Electronics, the global leader in specialized storage and memory solutions. According to the agreement, Mouser now offers customers ATP Electronics’ memory cards, SSDs, and managed NAND devices for industrial and automotive applications. ATP’s industrial solid state drives (SSDs) and modules deliver…

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TTI Europe Adds Teledyne Relays

TTI, Inc. – Europe, a leading specialty distributor of electronic components, announces a new distribution agreement with Teledyne Relays, an innovative leader in manufacturing switching products. Through the agreement, TTI now stocks Teledyne’s extensive product line-up of hermetic electromechanical relays, coaxial switches, and solid-state relays across Europe. The product portfolio covers wide-ranging applications, including, aerospace…

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Digi-Key Names New VP for Global Development

Digi-Key Electronics, which offers the world’s largest selection of electronic components in stock for immediate shipment, announced that it has hired Mike Slater as its new vice president of global business development. In his new role, Slater will oversee the company’s worldwide customer and supplier development strategy. Slater comes to Digi-Key with more than 25…

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IPC: Americas PCB Shipments up 3.4% in May

IPC announced today the May 2022 findings from its North American Printed Circuit Board (PCB) Statistical Program. The book-to-bill ratio stands at 1.03. Total North American PCB shipments in May 2022 were up 3.4 percent compared to the same month last year. Compared to the preceding month, May shipments rose 1.1 percent. PCB year-to-date bookings…

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