Lytica, the world’s only provider of electronic component spend analytics and risk intelligence using real customer data, today announced it has raised over $3 million USD in equity investment, grants and other funding. York IE, a vertically integrated strategic growth and investment firm, led a $1.5 million equity investment round. This follows recent funding obtained from…
DetailsTTI, Inc., a leading specialty distributor of electronic components, continues expanding its product offering in Brazil and South America by adding TE Connectivity products in its proximity warehouse in São Paulo, beginning August 2021. “We want to offer our in-country customers, the convenience of buying locally the same products they can select in our line…
DetailsECIA is pleased to announce that Stephanie Tierney will join the staff as Director of Marketing Communications and Member Engagement. Stephanie Tierney has been in the tech industry for over 15 years with seven years of association and membership engagement experience specifically in the electronic components industry. Ms. Tierney will work alongside Debbie Conyers, currently…
DetailsThe emergence of the new coronavirus in late 2019 and the still-ongoing pandemic it caused led to an unprecedented global economic downturn. Virtually every nation on the globe felt its effect, but some appear to be recovering faster than others. China, where the pandemic began, has proven to be one of the more resilient nations,…
DetailsThe board of directors for the 2021 EDS Leadership Summit has announced the event has been canceled. In a message on ECIA’s website, President and CEO David Loftus wrote: In planning this year’s EDS, the number one concern has always been the health and safety of the attendees and their families. It is in that…
DetailsAllied Electronics & Automation is partnering with Omron Industrial Automation to promote its latest line of predictive maintenance solutions. Designed for industrial businesses facing unplanned downtime, maintenance for aging equipment, and ongoing worker shortages, Omron’s products offer customers the ability to implement simple, elegant, and cost-effective predictive maintenance solutions that not only monitor equipment status in…
DetailsAvnet, Inc. (Nasdaq: AVT) today announced results for its fourth quarter and fiscal year ended July 3, 2021. Commenting on the Company’s financial results, Avnet Chief Executive Officer Phil Gallagher stated, “In the fourth quarter, we delivered strong sales growth with record sales in our Electronic Components business and at Farnell, driving operating margin improvement approaching our 3%…
DetailsNow that most negotiations over contract prices of PC DRAM for 3Q21 have concluded, DRAM suppliers’ low inventories and the arrival of the peak season for DRAM procurement have resulted in a 3-8 percent QoQ increase in PC DRAM contract prices for 3Q21, although this is a relatively muted growth compared to the 25 percent…
DetailsAfter Malaysia extended its MCO (movement control order) 3.0, the Filipino government also announced the implementation of ECQ (enhanced community quarantine) measures in Metro Manila until August 20 in response to the Delta variant’s rapid spread in Southeast Asia that began in July. According to the August edition of TrendForce’s MLCC Market Bulletin, Japanese MLCC…
DetailsArrow Electronics, Inc. (NYSE:ARW) today reported second-quarter 2021 sales of $8.56 billion, an increase of 30 percent from sales of $6.61 billion in the second quarter of 2020. Second-quarter net income was $241 million, or $3.23 per share on a diluted basis, compared with a net income of $133 million, or $1.68 per share on…
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