© mellimage dreamstime.com Components | December 07, 2018
Kemet CFO to retire
William M. Lowe, Jr., Executive Vice President and Chief Financial Officer for Kemet, has announced his decision to retire from the company on May 31, 2019.
Mr. Lowe joined the Company in July 2008 and has been a member of the Company's executive leadership team, with responsibility for leading all aspects of KEMET’s financial activities. Gregory Thompson has been hired as Executive Vice President - Finance and will assume the role of Executive Vice President and Chief Financial Officer next May 2019, a press release reads. “Bill Lowe has been my comrade-in-arms at KEMET for more than ten years, during which KEMET has substantially improved both our operating results and our balance sheet,” stated Per Loof, the Company’s Chief Executive Officer. “During that time, among other achievements, our EPS and market cap have increased significantly, and Net Debt has been reduced by 88%. I’ll miss experiencing Bill’s dedication, professionalism and humor on a daily basis, but I know that his contributions in building a first-class global finance department and transforming our balance sheet will endure. Before he begins his well-earned retirement, Bill will ensure a smooth transition by working closely with Greg Thompson through the completion of our financial reporting for the FY2019 fiscal year. I’m delighted that Greg has chosen to join KEMET as Bill’s eventual successor. Greg and I previously worked together at Sensormatic Electronics Corporation, a billion-dollar NYSE company in which I served as President/CEO with Greg as CFO. Greg’s broad experience and proven success as the chief financial officer of three $1 billion + public companies make him extremely qualified to succeed Bill and continue the excellent progress that we may have made.”
Filtronic wins new UK defence contract UK designer and manufacturer of antennas, filters and mmWave products, Filtronic plc, has won a significant contract from a new major UK defence customer for the supply of battlefield radio communications hardware valued at over GBP 1 million.
A2 Global expands with new facility in Singapore Electronic component distribution and supply chain service provider, A2 Global Electronics, announces the opening of its new distribution facility located in the New Tech Park area of Singapore.
Sponsored content by Shenzen Kinwong ElectronicThe development trend of printed circuit board products and Kinwong's solution With the rapid development of electronic technology in recent years, printed circuit board (PCB) products are pursuing higher heat dissipation capabilities, with high voltage and high current characteristics, and are developing towards high-density interconnection technology (HDI).
Sensata acquires majority ownership of Lithium Balance Sensata, an industrial technology company that develops sensors and sensor-based solutions, has acquired 75% of Lithium Balance based in Denmark.
Analog Devices to shutter California facility In a WARN notice, the company says that due to changing business needs will require the company to permanently close its facility Milpitas, California.
Intelliconnect moves to larger factory as sales grow Intelliconnect (Europe) Ltd the UK based specialist manufacturer of RF, waterproof and cryogenic connectors and cable assemblies, announces that it has moved to a larger facility at the Corby Innovation Hub following sales growth of 30% in 2020.
Pat Gelsinger to replace Bob Swan as Intel CEO Intel has appointed 40-year technology industry veteran Pat Gelsinger as its new chief executive officer, effective February 15, 2021. He will succeed Bob Swan, who will remain CEO until Pat starts.
Qualcomm to acquire NUVIA Qualcomm says it has entered into a definitive agreement to acquire NUVIA for approximately USD 1.4 billion before working capital and other adjustments.
Advanced Energy acquires RF specialist Advanced Energy, a provider of precision power conversion, measurement, and control solutions, has completed the acquisition of Versatile Power, a Campbell, California-based provider of radio frequency (RF) and programmable power supplies for medical and industrial applications.
Achronix to list on Nasdaq via merger with ACE Convergence FPGA and embedded FPGA specialist, Achronix Semiconductor, has entered into a business combination agreement with special-purpose acquisition company ACE Convergence Acquisition Corp., which result in a combined entity which will continue as a publicly listed company.
iCoupler Technology Benefits Gallium Nitride (GaN) Transistors in AC/DC Designs Highly efficient ac/dc power supplies are key to the evolution of the telecom and datacom infrastructure, as power consumption grows rapidly due to hyperscale data centers, enterprise servers, or telecom switching stations. However, the power electronics industry has reached the theoretical limit of silicon MOSFETs.
Cisco drags Acacia to court after terminated acquisition Cisco Systems has requested a Delaware court to stop networking chip maker Acacia Communications, from backing out of the acquisition agreement the companies had entered back in 2019.
UTAC completes acquisition of Singapore wafer bumping assets UTAC Holdings Ltd. says that its affiliate has completed its purchase of the Singapore-based wafer bumping assets from Powertech Technology (Singapore) Pte. Ltd.
Onto Innovation acquires Inspectrology Onto Innovation has acquired Inspectrology, LLC. The company, which is headquartered in Sudbury, Massachusetts, USA, is a supplier of overlay metrology for controlling lithography and etch processes in the compound semiconductor market.
Cornell Dubilier acquires capacitor division from NWL Cornell Dubilier Electronics (CDE), has via its its subsidiary, CD Snow Hill, LLC, acquired the capacitor producing assets of NWL, Inc.
Recab expands via the acquisition of Synective_Labs Swedish embedded specialist, Recab, is investing in FPGA and ASIC design via the acquisition the high performance embedded design company Synective Labs
Etteplan enters Denmark and acquires TekPartner Etteplan is expanding the business in Nordics and opens up a new country, Denmark, by acquiring TekPartner, an engineering and IT company specialised in electronics and software.
UK competition authority to probe NVIDIA’s takeover of Arm The UK's Competition and Markets Authority (CMA) says it is launching a formal investigation into NVIDIA's takeover of Arm later this year.
NovaCentrix teams with Bentec to push PulseForge tool sales NovaCentrix, a provider of photonic curing tools, conductive inks, and material for development and production of printed electronic devices, has appointed David Bennett with Bentec LTD as manufacturers’ representative.
Nova to expand offices in Taiwan with new cleanroom The metrology solutions provider celebrated its 20th anniversary with the opening of its new, expanded offices in Taiwan as part of the its strategy to strengthen field operations and local training capabilities.
After 26 years at Qualcomm – Steve Mollenkopf retires as CEO Qualcomm’s current CEO, Steve Mollenkopf, who has been with the company for nearly three decades has announced his decision to retire from his position as CEO of the company.
What Is JESD204 and Why Should We Pay Attention to It? A new converter interface is steadily picking up steam and looks to become the protocol of choice for future converters. This new interface, JESD204, was originally rolled out several years ago but has undergone revisions that are making it a much more attractive and efficient converter interface.
Extended Maxim franchise sales agreement strengthens Future Electronics Electronic component distributor, Future Electronics, says it has agreed to an extension of its franchise sales agreement with Maxim Integrated Products.
Soitec looking to attract new talent – creating 100 new jobs Semiconductor materials specialist, Soitec, is continuing its growth path and launches a company-wide job creation program called ELEVATE.
Meyer Burger receives funding to build green solar cell production The company is looking to receive up to EUR 22.5 million in public funding to build environmentally friendly solar cell production in the city of Bitterfeld-Wolfen, Germany.Load more news