News Wire

TrendForce: PMIC Demand Remains Stable

According to TrendForce, market conditions in 1H22 were chaotic and there was disparate demand for chips of varying functionality. Given the global development of electronic devices and power systems, overall demand for power management ICs (PMIC) is still relatively good. PMICs are used in consumer electronics, communications, computing, industrial control, automotive and other fields. In…

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Smith Opens New Hub in Houston

Smith, a leading global distributor of electronic components and provider of custom supply chain services, today announces the opening of the company’s new global services hub in Houston, Texas. This 30,000-square-foot expansion will complement Smith’s flagship distribution center at its global headquarters, providing a flexible space that can augment Smith’s existing supply chain service offerings. “Smith has…

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Ocean Freight Rates Remain Stable

The detection of new Covid cases in Beijing and Shanghai last week had authorities implementing targeted restrictions in some areas and renewed the threat of another lockdown, according to Freightos. Meanwhile, ocean rates out of China, which have fallen significantly since March, remained level this week suggesting the potential surge of pent up volumes hasn’t…

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IPC: Higher Costs Continue to Dominate Electronics Industry Narrative

Per IPC’s June Global Sentiment of the Electronics Supply Chain report, nine in 10 electronics manufacturers surveyed are currently experiencing rising material costs, while 86 percent of electronics manufacturers are concerned about inflation. Supporting data from IPC’s June Economic Report indicate there are three main forces exerting pressure on the economy, and conversely, the electronics…

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Ocean Freight Rates on the Decline, but is Demand?

Ocean freight rates are dropping, which is good news for high-volume importers and exporters. Still, the container market is in flux, according to cargo marketplace Freightos, though it seems no one can be sure what the multiple signs will mean. While some measures record a drop in orders for U.S.-bound imports in April and May,…

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RFMW Acquires Spantech Technology Solutions

RFMW, a specialized distributor of RF and microwave products, today announced the acquisition of Spantech Technology Solutions S.L.U. Spantech represents industry-leading manufacturers of RF, microwave, millimeter-wave components, and satellite communication equipment in Spain and Portugal. The agreement fortifies RFMW’s international presence and enhances their prominent position as a global and technically competent sales and marketing…

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ECIA’s Robin Gray Awarded for EDS Lifetime Achievement

Longtime industry luminary Robin Gray was awarded EDS’ Lifetime Achievement Award in recognition of his tireless efforts and leadership in making EDS the premier event for the electronic components industry. Robin is retiring from his role as General Counsel of the ECIA. Three organizations joined to present the award: ECIA, ERA and GEDA honored and…

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Freight Rates Decline as Shanghai Preps for Reopening

Authorities in Shanghai are set to begin the reopening process on June 1st. In the meantime, with manufacturing still restricted, transpacific ocean rates continued to fall. Asia – US West Coast rates fell 18% this week to $11,455/FEU and are 28% lower than at the start of the lockdown in late March. Asia – North…

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IPC Forms European Subsidiary

To better support our European members’ interests, IPC announces the formation of IPC Electronics Europe GmbH. The subsidiary was officially registered with the German government on May 4, 2022. The new entity’s main office is located in central Munich.                                                             John W. Mitchell, IPC president and CEO commented, “While we have been actively engaged and…

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NAND Flash Revenue Declined 3% in 1Q22

The memory market behaves differently than the overall semiconductor market so buyers are getting a few price breaks amidst inflation. NAND Flash contract prices dropped in Q1, reports TrendForce, and revenue for the sector declined 3 percent. As manufacturers actively shifted production capacity to 128 layer products, the market turned to oversupply, the firm reports. …

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