AVNET Inc., traded under the ticker symbol AVT on the NASDAQ, is an American technology company specializing in the distribution and value-added solutions in the areas of electronic components, enterprise computing, and embedded products. The company's mission is to shape the future of technology by providing world-class end-to-end supply chain services to the electronics industry. Established in 1921, AVNET has since grown to become one of the world's largest distributors of electronic parts and enterprise computing solutions.
AVNET is a global company, operating in more than 100 countries with a robust network of design and supply chain experts. As a Fortune 500 company, AVNET reaches approximately 2.1 million customers and partners around the world, providing a wide range of technology services and solutions. The company is dedicated to supporting customers, ranging from startups to established corporations, in their endeavours to transform ideas into successful products.
The company operates through two segments: Electronic Components and Farnell. The Electronic Components segment markets and sells semiconductors; and interconnect, passive, and electromechanical devices (IP&E). This segment also provides value-added services and tailored solutions to meet specific customer needs, ranging from technical design to supply chain management. On the other hand, the Farnell segment offers products, including electronic components, automation and control, test and measurement, and tools and consumables from leading manufacturers, providing a comprehensive range of fast delivery, value-added services, and support throughout the product lifecycle.
AVNET is renowned for its innovative and creative approach in the technology sector, particularly its commitment to facilitating the success of small and large business enterprises through its efficient supply chain management. Reputed for its role in fostering innovation, the company continually invests in new, disruptive technologies such as the Internet of Things (IoT) and artificial intelligence (AI).
Through its ecosystem, AVNET works to support engineers through all stages of their product lifecycle, from ideation to design to production. This dedication to supporting customer success is a testament to AVNET’s commitment to driving technology forward.
In spite of facing a challenging environment in recent years due to global economic uncertainties and industry-wide disruption, AVNET Inc. continues to remain resilient. The company's financial strength and strategic initiatives are expected to help it stay ahead in the highly competitive global technology market. The dedication and hard work of the team at AVNET continue to yield solid results, reinforcing the trust and confidence of its investors and customers worldwide.