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Wolfspeed progresses support agreement and strengthens capital structure

Wolfspeed announces that it has taken the next step to implement its previously announced Restructuring Support Agreement (RSA) with key lenders, including holders of more than 97% of its senior secured notes, Renesas Electronics Corporation’s wholly owned US subsidiary, and convertible debtholders holding more than 67% of the outstanding convertible notes. Upon emergence from the

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Synopsys-Ansys merger delayed amid rising EDA restrictions

China’s antitrust regulator has reportedly stalled Synopsys’ proposed $35 billion acquisition of Ansys, casting uncertainty over one of the electronic design automation (EDA) sector’s biggest-ever mergers. The delay, revealed by the Financial Times, follows fresh US export controls imposed on American EDA companies, including Synopsys, Cadence, and Siemens. According to sources cited in the report,

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Top news stories in June

Procurement Pro takes a look at the top news stories from June 2025. Qualcomm acquires Alphawave Semi for $2.4bn Qualcomm has agreed to acquire Alphawave Semi through Aqua Acquisition Sub LLC, its indirectly wholly owned subsidiary. The recommended deal covers all issued and to-be-issued ordinary shares of Alphawave Semi and carries an implied enterprise value

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JAGGAER introduces first intelligent AI copilot

In the vibrant setting of its global customer REV event in Miami, JAGGAER introduced to customers and partners its latest in enterprise procurement transformation. JAI, pronounced ‘Jay’, an intelligent human-guided AI orchestrator, provides next-level guidance and navigation, but also offers a critical opportunity to deliver new value. JAI is more than an assistant; JAI is

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Industry Insights News

Supply chain chaos as TI raises prices by 15% minimum

Anglia Components has responded to concerns in the market that lead times are predicted to move out rapidly later in the year now that the market appears to be picking up. News from many sources confirm that the excess inventory which has built up over the past two years has mostly been consumed, and at

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Mouser Electronics honoured for distribution excellence

Mouser Electronics has received more than 25 top business awards from its manufacturer partners for exemplary performance during 2024, including a number of Distributor of the Year (DOY) awards. “The Mouser team around the world strives to do our best every day to serve customers by providing the industry’s widest selection of electronic components. Whether

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TTI IP&E names Gia Hayes Vice President of Sales

TTI IP&E announced the promotion of Gia Hayes to the Vice President of Sales, TTI IP&E, Americas, effective immediately. Hayes brings decades of experience in the electronics industry to the role, having consistently demonstrated exceptional leadership and a deep commitment to the core values of TTI. Hayes will report directly to Geoff Imlach, President, TTI

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Farnell enhances mission-critical portfolio

Farnell has significantly broadened its portfolio of high-quality components tailored for mission-critical industries. These include high standard components, parts, and services for the devices that often help save people, assets and infrastructure in extreme and remote locations. In addition, customers designing for mission-critical projects can benefit from a 10% discount to all qualifying SIC code

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Arrow chosen as Pan-European distributor for TDK-Lambda

TDK Corporation has selected Arrow Electronics as its first pan-European distributor for TDK-Lambda products. This strategic collaboration aims to expand service offerings and enhance customer satisfaction for TDK-Lambda products across the EMEA region. This new alliance with Arrow Electronics complements TDK-Lambda’s existing distribution agreements in the EMEA region, providing an integrated and seamless service to

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TT Electronics achieves ISO 13485 medical certification

TT Electronics announces that its electronics manufacturing services (EMS) facility in Mexicali, Mexico, has achieved certification to ISO 13485:2016. This milestone underscores TT Electronics’ commitment to delivering high-quality, compliant, and reliable manufacturing solutions to its global customers in healthcare and life sciences. ISO 13485:2016 is an internationally recognised quality management standard for the manufacture of

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