Investment Weekly News
Electronic Design Automation
Avnet Acquires Taiwanese Semiconductor Distributor Prospect Technology Increasing Its Technical Expertise in Asia
August 20th, 2011
PHOENIX - Avnet, Inc. (NYSE:AVT) announced that it has acquired Prospect Technology Corp. (Prospect Technology), an electronic components distributor with operations in Taiwan. Prospect Technology provides technical support, module solutions and circuit design support to help customers expedite product development. Prospect Technology generated revenue of approximately US$157 million during the 2010 calendar year. Harley Feldberg, president, Avnet Electronics Marketing Global, commented, "The combination of Prospect Technology's technical expertise and Avnet's scale and scope gives us a strong competitive advantage as we continue to grow profitably in Asia. This...
Click here for more articles from Electronic Design Automation
Source: Investment Weekly News (2011-08-20)
|
