Avnet has reported Q2 sales of $4.5bn, down 10.2% year on tear and 2.1% sequentially. Income was $82.2m, a dive of 54% year on year.
New Yorker Electronics has signed a global franchise distribution agreement with T1 Nexus to supply High-Speed Optoelectronic Integrated Devices and Optics
Anglia has strengthened its M2M wireless offering with the signing of a UK and Ireland distribution agreement with SIMCom Wireless Solutions. SIMCom is one of the world’s largest IoT wireless module manufacturers by number of units shipped according to ABI Research.
Nearly three out of four Germans say that they are better off than ever before – and yet most Germans are worried about the future. The “German Angst” – as it is referred to in the English-speaking world – always shows itself when we are doing well, writes Andreas Falke, Executive Director of FBDi, the German distribution association.
Onecall, the dedicated education business from Farnell and CPC, has been awarded a new two-year contract, with the option to extend for a further year, by North Western Universities Purchasing Consortium (NWUPC).
RS Components employees can now sign up to a Data Academy, which allows participants to learn vital data visualisation skills. Around 80 people are now on the programme, funded largely through the Apprenticeship Levy, which allows large businesses to upskill existing employees or recruit and train.
Digi-Key has expanded its power product portfolio by signing a global distribution partnership with Anderson Power Products (APP).
Former ST Microelectronics President and CEO Carlo Bozotti, a 40-year veteran of the electronics industry has joined the board of Avnet.
Business growth has prompted test and measurement distributor Telonic Instruments to move to a new 4,500 sq. ft. headquarters that is three times larger than its previous premises.
2019 has been a tough year for the semiconductor market. Semiconductor Intelligence (SC-IQ) predicts a 12% to 15% decline from 2018. This the biggest drop in the market since a 32% decline in 2001.