Arrow Electronics Reports Third-Quarter 2021 Results
Arrow Electronics, Inc. reported third-quarter 2021 sales of $8.51 billion, an increase of 18 percent from sales in the third quarter of 2020.
Arrow Electronics Marks 40th Anniversary of Tragic Fire
The Dec. 4, 1980 headline was stark: Business executives killed in hotel fire. Among them were Arrow Electronics Inc. CEO B. Duke Glenn; Roger E. Green, executive vice president; and 11 other members of Arrow’s management team. That night, a flash fire swept through the Stouffer’s Conference Center in Harrison, N.Y. Arrow’s senior management team…
AMD Reportedly in Talks to Buy Xilinx
AMD is said to be negotiating to buy Xilinx, and a deal could come as soon as next week. If the two companies agree, the deal would likely be worth approximately $30 billion, according to The Wall Street Journal. The value of AMD shares has soared of late, which means it should be able to…
Gallagher Named Interim CEO of Avnet; Amelio Moves On
Avnet, Inc. (Nasdaq: AVT), a leading global technology solutions provider, today announced that William J. (“Bill”) Amelio is moving on from his role as CEO and as a member of the Avnet Board of Directors. Rodney C. Adkins, Chairman of the Board, said, “Bill has been a great asset since joining Avnet’s Board of Directors in…
Analog Devices-Maxim Deal Portends Distribution Shakeup
If past is prologue, Analog Devices Inc.’s $20 billion acquisition of Maxim Integrated Products Inc. will prompt a major shake-up in its electronics distribution channel. When ADI acquired Linear Technology in 2017, it consolidated its global volume distribution network under one distributor – Arrow Electronics Inc. – and discontinued with the industry’s second-largest player, Avnet…
Arrow Joins With SIA to Drive Global Tech Initiatives
Arrow Electronics, Inc. today announced it will team with the Semiconductor Industry Association (SIA) to facilitate technology innovation and advance related policy initiatives. SIA is an industry association whose membership represents 95 percent of U.S. semiconductor industry revenue. Arrow will be an active partner in SIA’s initiatives, focusing on technology innovation and global supply chain…
U.S. Moves to Cut Huawei’s Access to Global Chip Suppliers
The global electronics supply chain could be bracing for another disruption as the U.S. government moves to block semiconductor shipments from global chip makers to Huawei Technologies, the Chinese 5G and networking giant. Chip makers deal directly with large global customers such as Huawei, but electronics distributors often manage the logistics of semiconductor shipments to local markets. Most…
ISM: U.S. Factory Index Slides to 2009 Levels
U.S. factory output in April accelerated its slide into contraction, falling to levels not seen since 2009. The Institute Supply Management’s (ISM) PMI dropped 7.6 percent — from 49.1 in March to 41.5. Any reading above 50 indicates growth; below 50 signifies contraction. In the computer and electronics segment, one executive reported a 30 percent…
How to Minimize Coronavirus Supply Chain Disruption
The 2011 tsunami in Japan was one of the forces behind the electronics supply chain’s dedication to resilience – the ability to shift all or part of a supply chain as needed. That means people, materials, manufacturing lines, suppliers and even physical processing and aid centers. Global businesses now have entire departments dedicated to business…
Texas Instruments Ends WT Micro and WPG Relationships
Texas Instruments Inc. has further pared its distribution channel, notifying global distributor World Peace Group (WPG) and Asia-Pacific distributor WT Micro that it was terminating those relationships, effective December 2020. TI told global distributor Avnet Inc. last week that it was ending their franchise agreement. The latest announcements are consistent with the evolution of TI’s…