PHOENIX--(BUSINESS WIRE)--In 1960, Hamilton Electro Sales and Motorola Inc. signed an agreement that would not only make history as the world’s first semiconductor distribution contract, but would also grow into one of the most enduring supply chain relationships in the electronics sector. Avnet, Inc. (NYSE: AVT), a leading global technology distributor, and ON Semiconductor (Nasdaq: ON), driving energy-efficient innovations, recently marked the signing of that historic contract—and the thousands of innovative customer solutions for which it paved the way.
For the past five-plus decades, Avnet, which acquired Hamilton in 1962, and ON Semiconductor, spun off from Motorola in 1999, have continued to drive the advancement and proliferation of high-performance power semiconductor technology in global markets including automotive, communication, computing, consumer, medical, industrial, mobile phone and military/aerospace. In 2015, Avnet shipped over 8 billion ON Semiconductor components, representing more than 18 percent of ON Semiconductor’s distributor sales and approximately 9 percent of ON Semiconductor’s global revenue.
“As we commemorate the continued strength and success of the Avnet-ON Semiconductor relationship, I think about all of the extraordinary customer achievements we have had the privilege to facilitate as a result of our enduring cooperation and our mutual commitment to design and supply chain excellence,” said Ed Smith, president, Avnet Electronics Marketing Americas. “What’s most exciting to me is the knowledge that our shared vision for driving innovation in emerging technologies like the Internet of Things, will only fortify the unique history we share for years and decades to come.”
“We are delighted to join with Avnet in celebrating 55 years of delivering leading technology products to our customers” said Jeff Thomson, vice president of channel sales for ON Semiconductor. “From our first shipments of power transistors at the birth of the age of solid state electronics in the 1960s, to the joint development of evaluation platforms for our industry leading image sensor products today, Avnet has delivered exceptional logistics and technical support to our mutual customers.”
For more information on ON Semiconductor products available through Avnet, visit http://bit.ly/1Qu9aAu.
About Avnet, Inc.
From components to cloud and design to disposal, Avnet, Inc. (NYSE:AVT) accelerates the success of customers who build, sell and use technology globally by providing them with a comprehensive portfolio of innovative products, services and solutions. Avnet is a Fortune 500 company with revenues of $27.9 billion for the fiscal year 2015. For more information, visit www.avnet.com.