slider

News

Arrow Q2 results top estimates despite 19% revenues decline

Arrow Electronics revenues fell 19% year on year in Q2 2024 to $6893 billion from $8515 billion. The performance exceeded market expectations by 5.7%  and Arrow President and CEO Sean Kerins (pictured) struck an optimistic note. “Across many of the segments in which we compete, we’re seeing signs of incremental improvement in leading indicators, with book-to-bill

Read More
Industry Insights

TI acts to ease customers’ chip supply concerns

In a call with analysts following Texas Instruments Q2 results release, President and CEO Haviv Ilan discussed TI’s capacity investments and the importance of geopolitically dependable capacity. “We and our customers remain pleased with our progress of the expansion of our 300mm manufacturing capacity. These investments reflect our confidence in the opportunity ahead, which remains

Read More
News

TI Q2 revenues up 4% sequentially

Texas Instruments has reported Q2 revenues of $3.82 billion and net income of $1.13 billion. Commented Haviv Ilan (pictured), TI’s President and CEO: “Revenue decreased 16% from the same quarter a year ago and increased 4% sequentially. Industrial and automotive continued to decline sequentially, while all other end markets grew.” In the product segments, analogue

Read More
Market Analysis

Chip stocks plummet amidst US-China tensions

Chip stocks worldwide have slumped due to fears surrounding the global computer chip industry. The sell-off followed reports that the Biden administration may further tighten restrictions on exports of semiconductor equipment to China. Comments by former US President Donald Trump, suggesting that Taiwan should fund its own defence, added to these concerns. In the US,

Read More
News

Signings strengthen MPE distribution network

MPE has expanded its global distribution network with the signing of new distributors in Italy and Spain. This strategic move is aimed at bringing territories online where MPE has experienced increased sustainability. Spain and Italy were seen as key targets. Based in Barcelona, Wavecontrol is Spain’s new distributor. The company has over 20 years of

Read More
News

AiTech Systems deal boosts Astute’s embedded computing portfolio

Astute Group has signed an agreement with AiTech Systems, a leader in rugged embedded solutions, to become their authorised distributor across Europe, Australia, and New Zealand. This growing partnership builds upon Astute’s commitment to providing cutting-edge technology to the aerospace, defence, space, and Hi-Rel sectors. “AiTech’s integration of NVIDIA Jetson modules into their rugged systems

Read More
Market Analysis

WSTS lifts 2024 semis market growth to 16%

WSTS has adjusted its Spring 2024 forecast upwards, projecting a 16.0% growth in the global semiconductor market to $611 billion compared to the previous year. This revision reflects stronger performance in the last two quarters, particularly in computing end-markets. For 2024, mainly two Integrated Circuit categories are anticipated to drive the growth for the year

Read More
News

RS upbeat following Q1 trading update

RS Group says trading in the first quarter was in line with expectations. Group revenue grew 3% over the same period in the prior year and declined by 3% on a like-for-like basis, excluding acquisitions, foreign currency and trading days. The company issued a trading update for the three months ended 30 June 2024, ahead

Read More
News

Astute Group extends VadaTech deal

Astute Group has signed a deal with embedded solutions provider, VadaTech, to become its authorised distributor across the UK, Europe, and Australia & New Zealand. This agreement builds on the existing relationship between the two companies and reinforces Astute Group’s commitment to providing customers with the latest and most innovative embedded computing solutions. Simon Brennan,

Read More
Market Analysis

Global chip sales grow 19.3% in May, says SIA

Global semiconductor industry sales hit $49.1 billion during the month of May 2024 according to the Semiconductor Industry Association (SIA). This is an increase of 19.3% compared to the May 2023 total of $41.2 billion and an increase of 4.1% compared to the April 2024 total of $47.2 billion. “The global semiconductor market has grown

Read More