Symmetry Electronics, a leading global distributor of wireless and video technologies, has moved its inventory warehouse from Los Angeles, CA to Fort Worth, TX. to consolidate distribution operations with the TTI family of companies. The move allows Symmetry to better accommodate customers with expanded inventory and improved warehouse capacity. Symmetry is excited to share TTI’s…
DetailsArrow Electronics, Inc. (NYSE:ARW) today reported first-quarter 2018 sales of $6.88 billion, an increase of 20 percent from sales of $5.74 billion in the first quarter of 2017. First-quarter net income of $139 million, or $1.56 per share on a diluted basis, compared with net income of $115 million, or $1.27 per share on a…
DetailsConsumers today filed a class-action lawsuit against the three largest manufacturers of dynamic random access memory (DRAM), stating they illegally agreed to raise prices of DRAM, a critical component of smartphones, laptops and other electronics, therefore pushing price increases onto consumers who purchased devices containing DRAM, according to Hagens Berman. Did you purchase a smartphone or…
DetailsBosch, a leading global provider of technology and services, is investing 100 million euros (120 million U.S. dollars) in a new plant in Celaya. The company plans to build a new smart factory for electronic components in the central Mexican city by 2020. The investment underlines the importance of this year’s HANNOVER MESSE partner country…
DetailsThe Semiconductor Industry Association (SIA), representing U.S. leadership in semiconductor manufacturing, design, and research, today announced worldwide sales of semiconductors reached $111.1 billion during the first quarter of 2018, an increase of 20 percent compared to the first quarter of 2017, but 2.5 percent less than the fourth quarter of 2017. Sales for the month of March 2018 came…
Details(Tempe, Arizona) — Economic activity in the manufacturing sector expanded in April, and the overall economy grew for the 108th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®. The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing…
DetailsPlexus (NASDAQ:PLXS), a global leader in providing design and development, manufacturing, supply chain and aftermarket services, today announced plans to construct a second manufacturing facility in Guadalajara, Mexico. The 472,000 square foot leased building will be built for Plexus by Corporate Properties of America and will be strategically located near Plexus’ current site in the…
DetailsHeilind Electronics, a leading global distributor of electronic components and authorized distributor for Bel Magnetic Solutions, has expanded its selection of industrial interconnects with the company’s MagJack connector modules — the premier family of integrated products for today’s Ethernet networking applications. These modules are designed to provide signal conditioning, EMI suppression and signal isolation within…
DetailsAvnet, Inc. (NYSE:AVT) today announced results for the third quarter ended March 31, 2018. Third Quarter Fiscal 2018 Highlights Sales of $4.8 billion increased 6.1% sequentially and 8.0% year over year Excluding supplier program changes, sales grew 7.3% year over year in constant currency GAAP operating margin loss of (1.1%) Non-GAAP adjusted operating income margin…
DetailsIPC — Association Connecting Electronics Industries® announced today the March 2018 findings from its North American Printed Circuit Board (PCB) Statistical Program. Industry shipments and orders continued to grow at a brisk pace in March. The book-to-bill ratio retreated from its peak but remained strong at 1.13. Total North American PCB shipments in March 2018 were…
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