Avnet (NASDAQ:AVT) (NASDAQ: AVT) is a global technology distributor and solutions provider specializing in the sourcing, design, and supply chain management of electronic components and embedded systems. The company offers a broad portfolio of semiconductors, interconnect, passive and electromechanical components, as well as embedded hardware and software, cloud solutions, and Internet of Things (IoT) services. Avnet’s offerings aim to support customers through every stage of the product lifecycle, from initial prototype and design to production and end-of-life management.
Founded in 1921 by Charles Avnet, the company has evolved from a regional radio parts supplier into a multinational enterprise. Over its more than 100-year history, Avnet has grown organically and through strategic acquisitions, expanding its technical expertise and service capabilities. The company has played a role in supporting advancements in industries such as industrial automation, healthcare, automotive, aerospace, and telecommunications.
Avnet operates across the Americas, Europe, and the Asia-Pacific region, with a network of distribution centers, design centers, and offices in more than 125 countries. Its global footprint allows it to deliver components and solutions rapidly and efficiently, meeting the needs of original equipment manufacturers (OEMs), contract manufacturers, and electronics designers worldwide.
Under the leadership of President and Chief Executive Officer Phil Gallagher, Avnet continues to focus on digital transformation initiatives, strengthening its value-added services and expanding its design-chain support. The company leverages its deep industry expertise, strategic partnerships with leading technology suppliers, and advanced supply chain infrastructure to help customers accelerate innovation and bring products to market more quickly.
