Newsroom

Press Releases

In this section of the Avnet Newsroom, you'll find our press releases listed in chronological order and archived by year. Organize press releases with the dropdown menu or try the "Search terms" feature to search by keyword, date range and more.

Avnet to Acquire Softweb Solutions; Adds Software and Artificial Intelligence to Ecosystem and Bolsters IoT Capabilities
Positions Avnet as the premier provider for AI, IoT and digital data platform solutions
December 12, 2018
Avnet, Inc. (Nasdaq: AVT) today announced that it will acquire Softweb Solutions, Inc., a privately held software and Artificial Intelligence (AI) company that delivers innovative software solutions for Internet of Things (IoT) applications and systems designed to increase efficiency, speed time to market, and help businesses transform.
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Avnet Introduces New Development Platform for Custom LCD Display Solutions
SimplePlus significantly reduces product development cycle
December 11, 2018
Avnet (Nasdaq: AVT), a leading global technology solutions provider, today announced the release of SimplePlus Display Solutions globally. SimplePlus is a unique platform that simplifies the process of customizing LCD touch display solutions for applications spanning markets which include industrial automation, medical, transportation, and more. No matter the application, SimplePlus provides the ability to meet user experience
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Nexperia and Avnet Celebrate 50 Years of Success
Two industry leaders deliver performance and quality
December 11, 2018
Nexperia, the global leader in discretes, logic and MOSFET devices, and global technology solutions provider Avnet, which supports customers from idea to design and from prototype to production, today announce celebrating a half century of successfully working together with strong results.
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Avnet to Participate in the Raymond James Technology Investors Conference and the Wells Fargo Tech Summit 2018 in December
November 30, 2018
PHOENIX--(BUSINESS WIRE)--Avnet (Nasdaq: AVT), a leading global technology solutions provider, today announced that the Company will participate in two upcoming financial conferences.
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Avnet Commended as One of the Best Companies to Work for in Asia
Avnet wins HR Asia’s award for “Best Companies to Work for in Asia 2018 – Singapore”
November 28, 2018
Avnet Asia Pte Ltd has been named one of the Best Companies to Work for in Asia – Singapore. This award marks the third accolade Avnet has received in the past six months for its exemplary workplace practices, having won the Great Place to Work^TM Certification 2018 awarded by The Great Place to Work^® Institute in India in September, and the HR Asia Awards in Taiwan in June.
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Avnet Declares Regular Quarterly Dividend
November 19, 2018
PHOENIX--(BUSINESS WIRE)--Avnet (Nasdaq: AVT), a leading global technology solutions provider, today announced that on November 16, 2018, its Board of Directors declared a regular quarterly cash dividend of $0.20 per share. The dividend will be paid on December 19, 2018 to shareholders of record as of the close of business on December 5, 2018.

About Avnet
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Avnet Announces Changes to its Board of Directors
Rodney Adkins Elected Chairman; Veronica Biggins Retires; Brenda Freeman Joins Board
November 16, 2018
PHOENIX--(BUSINESS WIRE)--Avnet (Nasdaq: AVT), a leading global technology solutions provider, announced several changes to the Company’s Board of Directors. Rodney C. Adkins has been elected as Chairman of the Board. Adkins has been a board member since 2015. He succeeds William H. Schumann III, who has served as Chairman since 2012, been a director since 2010, and will remain on the Board of Directors. Brenda Freeman has been elected to the
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Avnet Named Top 10 International Branded Distributor for 17th Year
November 13, 2018
For its outstanding performance and positive contributions to China's electronics industry, Avnet Asia Pacific has once again been named a Top 10 International Branded Distributor by ASPENCORE’s Electronics Supply & Manufacturing-China (ESM-China). This year marks the 17^th consecutive year that the global technology solutions company received this award.
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Avnet and Octonion Working to Deliver AI and Security at the Edge
Designing products to speed IoT development
November 12, 2018
PHOENIX--(BUSINESS WIRE)--Success in today’s Internet of Things (IoT) marketplace requires unique combinations of hardware, software and security delivered in a timely manner to solve complex technical requirements. Now entrepreneurs and creators can expect to have a new solution that leverages Artificial Intelligence (AI) to help speed the development process through a new product being developed by Avnet (Nasdaq: AVT), a leading global
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Avnet to Participate in UBS Global Technology Conference
November 1, 2018
PHOENIX--(BUSINESS WIRE)--Avnet (Nasdaq: AVT), a leading global technology solutions provider, today announced that the Company will participate in the UBS Global Technology Conference which will be held at The Ritz-Carlton in San Francisco on Monday, November 12.
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Avnet Reports First Quarter Fiscal 2019 Financial Results
First quarter sales rose 9.2 percent year over year

GAAP diluted EPS rose 53 percent to $0.72; adjusted diluted EPS rose 36 percent to $1.03
October 25, 2018
PHOENIX--(BUSINESS WIRE)--Avnet, Inc. (Nasdaq: AVT) today announced results for the first quarter ended September 29, 2018.

First Quarter Key Financial Highlights
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Avnet Showcases the Future of Smart Solutions at Korea Electronics Show 2018
Demonstrating industry-leading IoT-based solutions through six smart technology zones
October 23, 2018
Global technology solutions company Avnet Asia Pacific will showcase the future of smart Internet of Things (IoT) solutions at the Korea Electronics Show (KES) 2018 in Seoul. From October 24-27, Avnet’s booth at KES 2018 will display Avnet’s six smart technology zones plus Microsoft Azure Sphere, a new solution that helps connect and secure IoT devices.
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New IoT Readiness Workshops from Avnet Simplify IoT Deployment
Workshops provide step-by-step guidance on developing strategic IoT implementations
October 17, 2018
PHOENIX--(BUSINESS WIRE)--Implementing Internet of Things (IoT) projects can seem daunting, but it doesn’t have to be. Beginning this month, a new series of IoT Readiness Workshops from Avnet (Nasdaq: AVT), a leading global technology solutions provider, will prepare digital transformation teams to effectively deploy IoT projects in their organizations.
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Avnet to Report First Quarter Fiscal Year 2019 Earnings on October 25
Conference call and webcast to follow at 1:30 p.m. PDT / 4:30 p.m. EDT
October 10, 2018
PHOENIX--(BUSINESS WIRE)--Avnet (Nasdaq: AVT), a global technology solutions company, today announced it will report financial results for the first quarter fiscal year 2019 on October 25 after market close. Following the earnings release, Avnet Chief Executive Officer Bill Amelio and Avnet Chief Financial Officer Tom Liguori will host a webcast and conference call at 1:30 p.m. PDT / 4:30 p.m. EDT to discuss the financial results and provide a
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Avnet and Not Impossible Labs Enable the Deaf to Experience Live Music
Las Vegas concert showcases new vibratory wearable in the first of ongoing collaboration to provide greater access to life-changing technologies
September 25, 2018
PHOENIX--(BUSINESS WIRE)--The impossible became possible this weekend when a large group of people in the deaf community experienced a new way to enjoy live music. In the first product collaboration between Avnet (Nasdaq: AVT) and Not Impossible Labs, a wearable featuring Vibrotextile™ technology called Music: Not Impossible enabled this inclusive moment.
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Avnet and Not Impossible Labs Partner to Create Technology Products that Enhance Accessibility and Inclusivity
New collaboration leverages Avnet’s product development ecosystem to bring Not Impossible Labs’ visionary technologies to mass market

September 20, 2018
PHOENIX & VENICE BEACH, Calif.--(BUSINESS WIRE)--How does one of the world’s most groundbreaking technology incubators turn its ideas for solving life’s absurdities into marketable products? It leverages Avnet’s end-to-end ecosystem for technology developers. That’s the genesis of the new partnership between Avnet (Nasdaq: AVT), a leading global technology solutions provider, and Not Impossible Labs, an award-winning R&D lab and content studio that
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Avnet to Demonstrate the Power of its Ecosystem at electronica 2018
From idea to design and from prototype to production with Farnell element14, Avnet Silica, EBV Elektronik and Avnet Abacus
September 18, 2018
For the first time at electronica, Avnet EMEA will present its European business units at one consolidated exhibition space. In addition to the expertise of its individual business units, Avnet will also demonstrate the capabilities of its ecosystem. From idea, design, prototyping to mass production and end-of-life management, the Avnet ecosystem enables customers to get support throughout their product lifecycle.
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Avnet Showcases Integrated IoT Connectivity Solutions in Vietnam
Explore end-to-end solutions for industrial applications of LPWAN technologies
at Avnet LPWAN Vietnam TechDays 2018
September 17, 2018
Avnet Asia Pacific, a global technology solutions company, will be presenting connected solutions to empower various markets sectors in Vietnam. The Avnet LPWAN Vietnam TechDays 2018 Showcase will be held in Ho Chi Minh on September 17 and in Hanoi on September 19.
Through the manufacturing and export of electronics, Vietnam is one of the fastest growing economies in the world[1], with the vision to be an industrial nation by 2020. To help support these thriving industries, Avnet is showcasing
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Avnet and Arizona State University Invite Enterprising Students to Compete in Third Annual ASU Innovation Open
Visionary student ventures from across the country are invited to compete for a $100,000 grand prize to further their new technology innovations

September 13, 2018
PHOENIX--(BUSINESS WIRE)--Avnet (Nasdaq: AVT), a leading global technology solutions provider, today announced that in partnership with Arizona State University (ASU) and the Ira A. Fulton Schools of Engineering, applications are now being accepted for the 2019 ASU Innovation Open (ASUio), a multi-round competition that supports student ventures from across the United States in driving technology innovation and entrepreneurship.
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Avnet Silica Wins Distributor of the Year Award from Nordic Semiconductor
September 11, 2018
Avnet Silica, an Avnet company (NASDAQ: AVT), today announced it has received the ‘Distributor of the Year’ award from Nordic Semiconductor ASA, a fabless semiconductor company specializing in ultra low power (ULP) and low power wireless communication.
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Avnet Releases Low-Cost Gigabit Network FMC Module
Utilizing Ethernet PHYs from Microchip, new module accelerates development of Industrial IoT
September 11, 2018
PHOENIX--(BUSINESS WIRE)--Avnet (Nasdaq: AVT), a leading global technology solutions provider, today introduced the Avnet Network FMC Module, offering designers of emerging industrial Internet of Things (IoT) applications industry-leading Gigabit Ethernet switching at less than half the cost of devices currently available on the market.
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Avnet India is “Great Place to Work Certified” for Second Year
September 5, 2018
Avnet India has been certified as a Great Workplace for the second consecutive year. The recognition was based on a rigorous assessment by Great Place to Work^® Institute, considered the Gold standard in workplace culture assessment and recognition globally.
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Avnet Extends Embedded Vision Capabilities with Multi-Camera FMC Module
September 5, 2018
PHOENIX--(BUSINESS WIRE)--Avnet (Nasdaq: AVT), a global technology solutions company, today announced the new Multi-Camera FMC Module, an UltraZed-compatible device designed to help engineers more quickly and efficiently develop custom video systems using Xilinx MPSoCs, and in turn, allows customers to immediately start development of their vision applications.
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Avnet Expands Share Repurchase Authorization by $500 Million; Increases Dividend by 5.3% to $0.20 per Share
August 29, 2018
PHOENIX--(BUSINESS WIRE)--Avnet (Nasdaq: AVT), a leading global technology solutions provider, today announced that the Board of Directors approved an expansion of the company’s current share repurchase authorization by $500 million. Avnet now has $722 million available for share repurchases when combined with prior authorizations.
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Avnet Names Jo Ann Jenkins to its Board of Directors
August 28, 2018
PHOENIX--(BUSINESS WIRE)--Avnet (Nasdaq: AVT), a leading global technology solutions provider, today announced that Jo Ann Jenkins has been appointed to the company's board of directors. She will also serve on the audit and corporate governance committees.

Jenkins is currently CEO of AARP, the world’s largest non-profit, non-partisan member organization. She joined AARP in June 2010 and has been leading it as CEO since September 2014
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