Editor’s note: This article has been updated with a statement from Avnet. Maxim Integrated Products, which was officially acquired by Analog Devices Inc. (ADI) in August, is discontinuing its relationship with distributor Avnet Inc. Maxim accounted for roughly 3 percent of Avnet’s fiscal 2021 sales of $19.5 billion. The transition will take place over the…
On December 31, Texas Instruments Inc. and Avnet Inc. formally end their 40-year distribution relationship. Avnet’s success in replacing that business – estimated at 10 percent of Avnet’s sales — will be evident in the future, said Phil Gallagher, who was named Avnet’s CEO on November 23. Avnet’s fiscal 2020 sales reached $17.6 billion. TI…
Two weeks into his tenure as interim Avnet Inc. CEO, Phil Gallagher is crystal clear on his growth plan for the $18 billion global distributor. “We will be absolutely focused on our core strategy — technology distribution — and driving home our value to suppliers and customers right out of the gate,” he said. It’s…
Texas Instruments Inc.’s share of the global analog market grew 19 percent in 2019, securing its spot as the world’s leading analog semiconductor supplier, according to market research firm IC Insights. The 10 largest suppliers of analog ICs collectively accounted for 62 percent or $34.2 billion of the $55.2 billion analog IC market in 2019.…
The electronics supply chain, in one year, saw a level of disruption that once took decades to achieve. The 1990s were known for frenetic M&A activity in the channel; 2019 will be marked by breakups. In one fell swoop, a major chipmaker dropped six of its channel partners. Global distributors decided to form their own…
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…
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…
TE Connectivity, one of the largest and most diverse manufacturers of connectors, sensors and passive components, has expanded its purchasing, pricing, availability and delivery offerings via its TE Store. Although similar services are offered by TE distributors, TE’s chief eBusiness and digital officer Nitin Mathur said there is a large population of global users that…
The Microchip Technology/Microsemi Corp. distribution channel is beginning to gel following the March acquisition of Microsemi by Microchip. Microsemi has joined Microchip in its authorization of Avnet Inc. to carry its complete product portfolio across the globe. This is the first major move by the merged entity as it assesses its combined distribution channel. For…