Avnet Announces Preliminary Results for Q4 FY 2021

Avnet, Inc. (Nasdaq: AVT) today announced preliminary, unaudited results for fourth quarter sales, operating margins, and earnings per share. Sales and earnings per share will exceed the high end of previous guidance. Commenting on today’s announcement, Avnet Chief Executive Officer Phil Gallagher stated, “Strong quarter-over-quarter sales growth in EMEA, Asia and Farnell, and continued operating…

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Cirrus Logic to Acquire Lion Semiconductor

Cirrus Logic, Inc. (Nasdaq: CRUS) today announced that it has entered into an agreement to acquire California-based Lion Semiconductor for $335 million in cash. This acquisition brings unique intellectual property and products for power applications in smartphones, laptops and other devices and accelerates growth of the company’s high-performance mixed-signal business. Lion is expected to be immediately…

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Sourcengine Partners With Nexperia

Sourcengine, the electronic component industry’s leading e-commerce marketplace, today announced that it is making components from Nexperia, the expert in essential semiconductors, available worldwide. This hugely beneficial strategic partnership leverages Sourceability’s new global distribution agreement with Nexperia to further grow Sourcengine’s ability to offer purchasers in-demand, top-quality parts while expanding their insight into the components…

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ECIA GIPC Design Registration Initiative Update

The ECIA’s Global Industry Practices Committee (GIPC) has reached a milestone in its Design Registration program initiative. Design Registration is a program to encourage, reward, and support engineering services in product design and demand creation activity from Authorized Distributors and guaranteeing revenue capture wherever the order is fulfilled. One critical objective of the initiative is…

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