Mustek posts R10.13bn revenue
The PC distributor’s revenue for the year ended 30 June breaches the R10 billion mark, as it declares a dividend.
Source: itweb.co.za
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Edom sees inventory return to normalcy as early as 3Q23
IC distributor Edom Technology expects its inventory to revert to normal levels as early as the third quarter of 2023.
Source: digitimes.com
Mustek board chairman Vukile Mehana retires
The JSE-listed PC distributor’s board commences the process to appoint a suitable candidate as successor.
Vukile Mehana Reverend Vukile Mehana Reverend Mehana Vukile Mehana C Distributor Ustek Board Chairman
Source: itweb.co.za
IC distributors actively promote automotive chips in China
Taiwan-based IC distributors are aggressively promoting sales of automotive chips and related solutions in China in anticipation of the new energy vehicle market boom.
Source: digitimes.com
WPG expects flat or slight revenue growth in 2Q23
IC distributor WPG Holdings expects flat or moderate sequential revenue growth in the second quarter of 2023, following an 18% decline in the first quarter.
Source: digitimes.com
WT Micro expects sales recovery in 2H23
IC distributor WT Microelectronics expects its revenue to hit bottom for 2023 in the second quarter before growing sequentially in the third and fourth quarters.
Source: digitimes.com
GMI upbeat about chip demand for automotive, broadband, and wearable apps
IC distributor GMI Technology expects its customers to start replenishing inventory in the second half of 2023, while eyeing a pick-up in demand from the persistently expanding automotive, broadband, and wearable device markets.
Source: digitimes.com