Week in Review

As the Autonomous Vehicle revs up, so will every electronic component that is introduced in the engineering of the driverless automobile.  Hail to tech companies!  However, experts calculate at least a decade before we can expect a fully automated luxury ride to work since comprehensive testing is still required in order to master these pesky little sensors as we’ll have no tolerance for any oops in our safety! More info here: http://globalpurchasing.com/buying-trends/evolution-autonomous-vehicle

Although the semiconductor industry has been on a steady decline, especially in the PC industry, Gartner forecasts a slight turnaround.  This predicted increase is with thanks to the memory market and it’s trending supply and demand,  whereas the IoT and Wearable markets are still too novice to foresee an impact in the 2017 semiconductor growth. More info here: https://epsnews.com/2016/10/17/gartner-global-semiconductor-revenue-to-drop-0-9-in-2016/

This week, Avnet has finalizes their Acquisition of Premier Farnell located in the UK. “This acquisition will significantly strengthen Avnet’s digital footprint worldwide. The convergence of Premier Farnell’s innovative online services with Avnet’s world class supply chain will create customer service unparalleled in the industry,” said William Amelio, interim Chief Executive Officer of Avnet. “The talented team of people at Premier Farnell will allow Avnet to enhance our customer experience and accelerate our global growth.” More info here: http://www.businesswire.com/news/home/20160727006712/en/Avnet-Extends-Cash-Offer-Acquire-Premier-Farnell