McLaren Racing has agreed a multi-year extension of its Formula 1 partnership with Arrow Electronics.
Arrow Electronics has reported third-quarter 2020 sales of $7.23 billion, an increase of 2 percent from sales of $7.08 billion in the third quarter of 2019.
Arrow Electronics has reported second-quarter 2020 sales of $6.61 billion, a decrease of 10% from sales of $7.34 billion in the second quarter of 2019.
Arrow Electronics first quarter 2020 sales fell 11% to $6.38 billion from $7.16 billion in the first quarter of 2019.
Arrow Electronics has signed up to supply GaN Systems’ range of GaN (gallium nitride) transistors in Europe, Middle East and Africa (EMEA). GaN Systems’GaN power semiconductors offer high efficiency, small assizes and open up opportunities in applications from electric vehicles and renewable energy to industrial motor drives and consumer electronics.
Arrow Electronics has been named Distributor of the Year by Amphenol for Europe, Middle East and Africa (EMEA). The award is based on sales growth.
Distributors continue to help cushion customers from the effects of components shortages, though there are signs of a softening market. Addressing analysts on a call hosted by seeking alpha.com, Arrow Electronics CEO Michael Long indicated that while it’s global components business leading indicators remained healthy and its backlog continued to grow at robust rate, the rate of sequential year-over-year growth moderated.
Arrow Electronics has reported second-quarter 2018 sales of $7.39bn, an increase of 15% from sales of $6.42bn billion in the second quarter of 2017. Second-quarter net income of $170m compared with net income of $100m in the second quarter of 2017.
Arrow Electronics has been named Best Performing Distributor for Standard Products in Europe, Middle East and Africa (EMEA) in 2017 by STMicroelectronics.
Arrow Electronics has signed an agreement to supply Scalys’ System-on-Modules (SoMs) and Small Board Computers (SBC) throughout Europe, Middle East and Africa (EMEA). Scalys single and multi-core SoMs and boards are small form factor computer boards that can be integrated with ease into many applications, reducing development time significantly.