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…
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 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…
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…
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…
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 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…
As component manufacturers and distributors gathered for the annual EDS trade show, fears of a 2019 recession had largely abated. The year could end slightly ahead of 2018, one global distributor projected, assuming the market environment remains “normal.” That was Wednesday. By Friday, the U.S. had escalated its trade war with China and the supply…
Arrow Electronics, Inc. (NYSE:ARW) today reported first-quarter 2019 sales of $7.16 billion, an increase of 4 percent from sales of $6.88 billion in the first quarter of 2018. First-quarter net income of $141 million or $1.63 per share on a diluted basis, compared with net income of $139 million, or $1.56 per share on a…
Arrow Electronics, Inc. (NYSE:ARW), a Fortune 500 leading technology solutions and engineering provider, and Freelancer.com (ASX:FLN), the world’s largest freelancing and crowdsourcing marketplace by number of users, today announced the launch of ArrowPlus powered by Freelancer.com. The new platform allows Fortune 500 companies and innovative technology creators to design and build hardware products through access…