Two years ago, the U.S. and China began a tariff war that changed the face of international trade. Tech companies in particular deal with a series of rules and regulations that lack consistency across the globe. Electronics distributors handle many of the components, services and IT equipment that pass through the international supply chain. The…
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…
Sequans 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…
WPG Holdings Co.’s bid to acquire a 30 percent stake in rival distributor WT Microelectronics Co. is meeting resistance from WT Micro executives and workers. During a late November media briefing in Taiwan, WT Micro vowed to resist the takeover. WT Microelectronics will never relinquish control of the company’s operations but will safeguard the interests…
Supplier realignment always causes stress in the electronics supply chain — but the past six weeks has moved the needle to “anxiety.” In early October, chip maker Texas Instruments announced it was dropping six of its distributors — including Avnet Inc., WPG and WT Microelectronics — by the end of 2020. Within the past week…
Avnet, Inc. (Nasdaq: AVT) today announced results for the first quarter ended September 28, 2019. Fiscal First Quarter Key Financials Sales of $4.6 billion were in line with guidance, compared with $5.1 billion a year ago, as industry-wide softness over the past year has impacted historical seasonality, spanning all geographies. GAAP diluted earnings per share…
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…
Texas Instruments, a longtime supplier to Avnet Inc., will discontinue its relationship with the global distributor as of Dec. 31, 2020. TI’s products account for roughly 10 percent of Avnet’s sales, which reached $19.5 billion in fiscal 2019. TI notified Avnet of its decision on Oct. 1, citing the evolution of its channel strategy. TI…
Avnet Inc. is expanding its offerings in China by launching a super store on Alibaba Group’s China-focused B2B purchasing and wholesale marketplace 1688.com. Through an alliance with Alibaba Cloud, the electronics distributor will also enable services such as IoT prototyping. As China’s largest wholesale platform for industrial products, 1688.com is home to more than 10…