ECIA is pleased to announce that four new members have recently joined the association. From the component manufacturers sector, ECIA welcomes CUI Devices and Minmax Technology. From the independent manufacture rep community, Mid Star Inc. and O’Donnell Associates Southwest have joined. “ECIA continues to add members from across the electronic components supply chain, as companies…
DetailsPEI-Genesis, a global leader in the design and assembly of custom engineered connectors and cable solutions, announced today it has expanded its partnership with TE Connectivity (TE) to include Industrial products, adding this product segment to their already existing breadth of inventory, which includes the TE Aerospace Defense & Marine portfolio with lines such as…
DetailsSequans Communications S.A. (NYSE: SQNS) and Avnet (NASDAQ: AVT), a leading global technology solutions provider, today announced a distribution agreement whereby Avnet will promote and sell Sequans’ IoT chips and modules and will exclusively promote and sell Monarch Go, an LTE-M/NB-IoT modem component designed for and certified by Verizon. Monarch Go enables new IoT devices…
DetailsSmith, a global distributor of electronic components and semiconductors, today announces the appointment of Todd Burke to the position of President, Americas. Todd previously served as the Vice President of Business Development of Smith since 2016. In this role, Todd will support Smith’s five trading offices in the Americas in developing their focus on growing…
DetailsArrow Electronics, Inc. (NYSE:ARW) today reported fourth-quarter 2019 sales of $7.34 billion, a decrease of 7 percent from sales of $7.92 billion in the fourth quarter of 2018. Fourth-quarter sales as adjusted decreased 5%. The company reported fourth-quarter net income of $112 million, or $1.36 per share on a diluted basis, compared with net income…
DetailsFlip Electronics, a leading global supplier of electronic and electromechanical components, is pleased to announce the addition of Kris Krohn to our executive management team, fulfilling the new role as Executive Vice President of OEM/EMS Sales. As part of the leadership team, Kris will drive the expansion of Flip’s growing OEM/EMS customer base. The growth…
DetailsFlex Power Modules has signed a partnership agreement with Digi-Key Electronics, a global electronics components distributor, to open a new sales channel expanding its global footprint and accelerating customer order fulfilment. All Flex Power Modules products will be listed on Digi-Key’s website and available for purchase, with many held in stock for immediate same-day dispatch.…
DetailsAvnet, Inc. (Nasdaq: AVT) today announced results for its second fiscal quarter ended December 28, 2019. Second Quarter Key Financial Highlights: Sales of $4.5 billion were in line with guidance. GAAP diluted EPS from continuing operations totaled $0.05, compared with $0.33 a year ago. Non-GAAP adjusted diluted EPS totaled $0.40 compared with $1.04 a year…
DetailsAccording to Market Search Future, the global surface mount (SMT) technology market is expected to grow at $ ~4 Billion by 2022, at ~8% of CAGR between 2019 and 2022. The global surface mount technology equipment market is on an upward growth trajectory and is expected to reach $4 billion by the end of the…
DetailsThe global market for IC packaging grew by double digits in 2018, but will manage to grow by just 3.0 percent in 2019, as the overall IC devices market declines by 3.7 percent. The saving grace for the packaging industry comes primarily as a result of strong growth of advanced packaging solutions, which reaches nearly…
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