Avnet Silica has been presented with the award for the fastest growing distributor in 2018 across the EMEA region by NXP Semiconductors. Avnet Silica won the award for achieving outstanding sales growth in 2018 by growing more than twice as much as NXP’s overall distribution business in the EMEA region.
Arrow Electronics has signed a distribution agreement with Teltonika, an IoT solutions provider with a 20-year track record, covering Europe, Middle East and Africa (EMEA).
An initially downbeat but longer term cheerful forecast for the global microcontroller (MCU) market has been issued by IC Insights. After reaching record-high sales in the last two years, the MCU market slid 13% lower in the first half of 2019 because of overall weakness in electronic systems, a slowdown in automobile sales, and no letup in the trade war between the U.S. and China.
Finally the European distribution market is showing the signs of wear and tear. The second quarter of 2019 finally showed the long-expected slowdown of the components distribution market in Europe, largely in line with the overall market trends.
Avnet has reported fourth quarter sales down 7.5% year on year to $4.7bn. Farnell fourth quarter sales slipped 12% year on year to $343.4m, and 6.5% sequentially to $367.5m. Avnet CEO Bill Amelio blamed macroeconomic headwinds and tariffs.
Microchip Technology looks to be withstanding the semiconductor market’s bumpy ride, reporting first quarter sales of $1.323 billion, down 0.5% sequentially and up 9.1% from the year ago quarter.
Anglia is now compliant with the latest RoHS standard commonly referred to as RoHS 3. It is shipping RoHS 3 compliant inventory to customers unless it has received a specific request for non-RoHS items such as those typically required for Military & Aerospace applications.
SOS electronic has been integrated onto parent company Conrad’s established digital platform reinforcing a product offering of currently more than 3 million articles.
Farnell, the Development Distributor, has shuffled its product organisation with appointments into two key roles on its leadership team. Simon Meadmore becomes Global Head of IP&E (Inter-connect, Passives and Electro-mechanical) and Lee Turner succeeds Meadmore as Global Head of Semiconductors & Single Board Computers.
Arrow Electronics 2Q 2019 sales dipped 1% to $7.34bn against $7.39bn in the second quarter of 2018. The company reported a second-quarter net loss of $549m compared with net income of $170m in the second quarter of 2018.