Avnet to Acquire Witekio

Leading global technology solutions provider Avnet (Nasdaq: AVT) has signed an agreement to acquire Witekio (formerly known as Adeneo Embedded). Witekio is a privately held company with expertise in software and embedded systems that helps developers overcome the technical challenges and complexity of developing Internet of Things (IoT) solutions. Today’s announcement furthers Avnet’s end-to-end IoT…

Avnet Allies With Trusted Objects on IoT

Leading global technology solutions provider Avnet (Nasdaq: AVT) has entered into a strategic alliance with Trusted Objects, a software company specializing in the Internet of Things (IoT) security, to bring to market a scalable end-to-end security solution for low-power IoT devices. The relationship provides IoT customers with the ability to comprehensively secure their devices while…

ECIA, distributors

Top Distributors Exit ECIA to Form Global Association

Three of the industry’s biggest distributors – Arrow Electronics Inc., Avnet Inc. and Electrocomponents plc – have withdrawn from the Electronic Components Industry Association (ECIA), marking an historic, structural change in the 9-year-old  trade organization. A new group, the Global Electronics Distributor Association (GEDA), will be formed within the next 90 days, according to an…

Avnet Distribution Center Becomes One of the Largest FTZs in Arizona

Leading global technology solutions provider Avnet (Nasdaq: AVT) has secured Foreign-Trade Zone authorization from the United States Bureau of Customs and Border Protection (CBP) for its McKemy Distribution Center in Chandler, Ariz. The designation reduces tariff recovery fees for its international customers as well as for domestic customers shipping abroad. Foreign-Trade Zone authorization also increases…

Avnet Invests in Defendry Surveillance Platform

Avnet, a leading global technology solutions provider, has invested $2.1M in Defendry, a surveillance platform that helps prevent active shooter incidents. Defendry is powered by proprietary artificial intelligence (AI) designed to identify and stop physical threats before they enter a building. Defendry was created by serial-tech entrepreneur Pat Sullivan and research scientist Dr. Sean Huver,…

Avnet Promotes Chan to CIO

Avnet (Nasdaq: AVT), a leading global technology solutions provider, today announced the promotion of Max Chan to Chief Information Officer (CIO), reporting to MaryAnn Miller, Chief Administrative Officer. Chan has been serving as the head of global information solutions (GIS) within Avnet since November 2018. As CIO, Chan is responsible for all information technology (IT)…

Distributors Assist Brands as They Enter Foreign Markets

Component manufacturers have the ambition to enter foreign markets but may face difficulty establishing their brands. Tapping into an emerging market – especially a largely fragmented region with differences in language, culture and levels of business maturity – can be daunting. Should suppliers establish a direct presence, acquire a local business or partner with a…

Infineon’s Cypress Buy Shouldn’t Shake the Channel

Buyers probably won’t see a shakeup in the distribution channel as Infineon Technologies embarks on its $10 billion acquisition of Cypress Semiconductors. Both chip companies sell through global volume distributors Arrow Electronics Inc., Avnet Inc. and Future Electronics Inc. They also have Digi-Key, Mouser and Newark in common, small-volume (or “catalog”) distributors that cater to…