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…
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…
Avnet, Inc. (Nasdaq: AVT) today announced results for the third fiscal quarter ended March 30, 2019. Third Quarter Key Financial Highlights Delivered sales of $4.70 billion, in line with guidance In constant currency, sales rose 1.2% compared to the year ago period GAAP diluted EPS from continuing operations totaled $0.87 Adjusted diluted EPS was $1.09,…
Avnet (Nasdaq: AVT), a leading global technology solutions company, is working with BitPay, the largest global blockchain payment provider, to accept cryptocurrency for products and services. Today’s developers are looking for flexibility as they take their products to market, and this announcement provides our customers with more convenient ways to complete their financial transactions. “We’re…
Demand for semiconductors and passive components showed signs of weakening in February—a trend that is expected to last through the first half of the year. “Based on our findings, we believe the industry has yet to see a bottom as demand and bookings continue to weaken, as well as inventories continuing to rise,” said Technology…
One of the strongest brands in electronics distribution, Newark, is re-claiming its name. Beginning March 1, Newark element14 has changed its name to Newark, an Avnet Company. Customers have known the business as Newark since it was established in the 1930s, and this name change acknowledges its strong relationship with its customers and its role as a key…
Business growth thrives in environments where leadership clearly and consistently focuses on guiding with purpose and integrity. For its continued commitment to these core values, Avnet (Nasdaq: AVT), a leading global technology solutions provider, has been recognized as one of the 2019 World’s Most Ethical Companies by the Ethisphere® Institute, a global leader in defining and…
Avnet, Inc. today announced results for the second quarter ended December 29, 2018. Second Quarter Key Financial Highlights Sales rose 11.7% year over year (13.1% in constant currency) to $5.05 billion GAAP diluted EPS from continuing operations decreased 30% year over year to $0.33 Non-GAAP adjusted diluted EPS rose 33% year over year to $1.04…
Through a combination of unique hardware, software and cloud connectivity solutions, Avnet (Nasdaq: AVT) will bring Internet of Things (IoT) technology to life during CES 2019. The leading global technology solutions provider will introduce enhanced end-to-end IoT capabilities that accelerate the prototyping and development of IoT solutions for customers, provide artificial intelligence (AI) at the…
Electronics distributors have carved out a niche for themselves in the explosive Internet of Things (IoT) market. Most IoT products use technologies familiar to designers — wireless components, sensors and interconnect, passive and electromechanical (IP&E) devices. Distributors are increasingly offering soup-to-nuts IoT solutions for customers, including security technologies and services. IoT and sensor technology experienced…