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$1 Billion Marketing Plan for Avnet and Infineon Technologies
Tuesday November 21 by staff writerAvnet, Inc. and Infineon Technologies have announced a worldwide distribution agreement. The agreement, worth $1 Billion over the next three years, gives Avnet access to market Infineon's entire product portfolio.
The two companies will design a joint e-business plan to complement the supply chain process. They also hope this venture will increase profitability through reduced costs and the linking of their corporate brands together in each region.
Jean-Baptiste Loire, Vice President, Mass Market & Partners at Infineon Technologies in Munich, Germany said, "Avnet is one of the clear leaders in providing global world-class supply-chain management and engineering design services for the electronics market. Their support infrastructure will enable Infineon to respond more quickly and competitively to our customers in a rapidly changing global market".
Germany based Infineon offers semiconductor and system solutions for applications in the wired and wireless communications markets, according to their website.
Phoenix based Avnet, Inc., a Fortune 500 company with annual sales exceeding US$9 billion, is one of the world's largest distributors of semiconductor components and computer products from the industry's leading manufacturers.
For more information:
Avnet Inc.
Infineon Technologies
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