Avnet Inc., Phoenix, has been named a global distribution partner for Microsemi Corporation, a wholly owned subsidiary of Microchip Technology Inc. The expansion of Avnet’s current franchise with Microsemi allows distribution of the company’s full line of products including: high performance analog and mixed signal, enterprise storage and communication solutions, programmable solutions, power management, timing and ASIC offerings — as well as custom design capabilities and services.
Avnet, with recent fiscal year-end sales of $5B, provides semiconductor and system solutions to a wide variety of markets. Microsemi, acquired by Microchip Technology in May, 2018 for over $10B, is headquartered in Aliso Viejo, Calif., Microchip is headquartered in Chandler, Ariz.
Avnet also recently announced that sales rose 10 percent year over year for the fourth quarter and fiscal year ended June 30, 2018. The company says that its transformation delivered cash flow from operations of $236 million, the highest in five years. Sales of $5.06 billion increased by 9.8% year over year.
