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Serendipity Electronics Inc. acquires Mil-Com Components electronic component distribution business

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HUNTINGTON, NEW YORK, July 21st, 2020. Serendipity Electronics Inc. announced today that it has agreed to acquire Mil-Com Components. In doing so the company greatly expands its customer base and supply chain in the Aerospace and Defense industry.

Founded in 1991 Serendipity Electronics is a global distributor of electronic components and Women’s Business Enterprise National Council (WBENC).  As one of few independent distributors with this certification, the company meets the diversity needs for some of the world’s largest OEM and EMS companies.

With its ISO9001, ESD2020 and AS9120 quality certifications Serendipity is dedicated to the distribution of electronic components, passive, wire, cable, hardware, and interconnect products; serving a wide range of end markets that include Automotive, Computer Automation, Communication, Health Sciences, Industrial, IoT, Medical and Building Efficiency.

“This acquisition is an important step for Serendipity and complements very well our product and service offering,” said Patty O’Neill, President Serendipity Electronics Inc.

“Serendipity’s highly skilled team and longstanding customer relationships are an excellent complement to our distribution business,” said Teresa Cariello, President and Founder, Mil-Com Components Inc.  “Combining the two businesses is a clear win and creates a greater scale and focus which will immediately benefit our customers and suppliers.”

For more information please contact,

SERENDIPITY ELECTRONICS INC.:

Patty O’Neill President
152 East Main Street Huntington, New York 631-424-2244 X101

www.serendipityelectronics.com

Lead Times and Shortages are Still Challenging Within the Manufacturing Industry due to COVID-19

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While we anxiously hope and expect that industries across the board will resume sooner than later, there are industries that are currently dealing with delayed lead times, and low inventory.
Here is a summary of different companies within the manufacturing industry, and the latest update on how they have been and continue to be affected by the pandemic.

Amphenol
Amphenol’s standard lead time of 12 weeks will most likely be pushed further as they struggle with allocation. This will discourage customers from changing manufacturers as they will continue to encounter the same issues with lead times.

Analog Devices
As many other manufacturers, AD announced supply interruptions from their locations in Malaysia, Philippines and Singapore. Operating capacity has also been reduced, which has caused delays in internal and external tests as well as other parts of the production line. Current inventory will fulfill current orders, however lead time for new product is estimated to be 3-5 weeks.

AVX
With a specialization in capacitors, varistors, connectors, and antennas specific to the transportation industry; the current lead time is 26 weeks and inventory remains low.

Broadcom
With its supply chain affected due to restrictions in Malaysia, Thailand, Singapore and the Philippines, in addition to unreliable air and sea transportation, Broadcom advised customers of a 26-week lead time.

Cypress
Cypress is another manufacturer with facilities in the Philippines, which may incur lead times of an additional four weeks. Products originating in Malaysia may not incur any additional lead time, as distributors have previously accounted for large supply stock.
Series that will be affected will include the PSoC series, while there is prediction for a high demand for NOR flash products due to their use in medical frontlines.

Epson
With a factory also in Malaysia, Epson’s operations were halted thru to April 30th. Current lead times have not been announced, while supply for Crystal Resonator, Crystal Oscillator, Gyro Sensor and Real Time Clock product lines have been affected.

Finisar
Prices are on the rise due to a shortage on parts, and lead times are increasing.

Infineon
The acquisition of Cypress was completed in April 2020, with the ambitious goal of becoming the manufacturing leader of automotive chips. Current operations are reported to be at 80%, which has caused a delay in final assembly, as well as testing sites.
A supply disruption is however expected to be seen, due to Cypress’ recent acquisition by Infineon.

Intel
With its CPU processors already incurring a lack of supply for about two years, Intel has assured their customers they would continue to offer needed support. However, with most of their servers and PC processors being manufactured in Malaysia, manufacturing will be impacted and lead times will most likely increase.

Littelfuse
Littlefuse announced a lead time of up to four weeks mostly due to delay in supplies cause by the extended lockdown in the Philippines. However, the manufacturing plant is operating at 90% capacity, but it has been approved to operate at lower levels. The factory in Italy is also operating at reduced capacity.

Melexis
Manufacturer of a temperature sensor, which is vastly used in the health industry, Melexis attempted to move production from their China plant to Germany. Their attempt was unsuccessful, and they are currently enduring a lead time of up to 40 weeks.

Microchip Technology
With significant reduced labor in their factories, causing production interruptions; some locations are facing possible permanent shut down. A lead time of at least two weeks due to Thailand’s travel restrictions is expected.

Molex
Molex announced they will not operate in full capacity and advised customers that the American and European locations will remain operational. They are pursuing possible exclusions to continue their operations in both Malaysia and the Philippines.

Murata
Some increased lead time for both the 0201 case size, as well as the 0402 case size have been seen.

NXP/Freescale
As the demand for pressure sensor increased due to COVID-19, and production was severely affected, current lead times are up to a whopping six months. Some distributors are not projecting a high demand of such sensors in the last half of 2020, which has resulted in a low on-hand inventory.

ONSEMI
Onsemi may possibly move production to other country’s factories, although they recently announced that production would not be affected in Malaysia nor Philippines. Production and distribution lead times delays have not been announced.

Panasonic
Current lead times are estimated 8-10 weeks which is an improvement, while the supply of Panasonic Tantalum capacitors have become stable.

Renesas / Intersil
Renesas reported increased inventory levels due to high production from their plant in Malaysia, all the while the country’s lockdown and medical demand have contributed to an allocation problem. The issue is expected to improve not sooner than the 4th quarter of 2020.

ROHM
Currently operating at 80% capacity from their China Dalian factory, and only at 30% capacity from their Tianjin factory; Rohm has also been affected by the lockdown in the Philippines, where one of their main factories is located. Production delays are to be expected.

Samsung
With Italy’s closure, MLCC’s production was affected. However, due to shipment delays of about 2 months, customers increased their inventory to about 3 months’ worth of supply. The Philippines travel restrictions have affected about 40% of Samsung’s manufacturing, while there has been an increase in demand for SODIMMS and UDIMMS.

St Micro
While this manufacturer did not close their factory in Italy due to the pandemic, cross-border shipping activities have affected the lead times for several of their products.

Texas Instruments
With products currently produced in Malaysia, it’s not unlikely that there will be issues in lead time. However, the company has not made any official statements.

Vishay
Vishay’s products from Israel have not been affected, and distributors having extensive inventory helped. However, factories in other countries such as France, Philippines and India to name a few, have had some manufacturing delays. Mostly affected were the passive products that were produced in China.

Pre-Covid these products already incurred a long lead time of 50 weeks, but currently have a long lead time over 80 weeks. As the Chinese government suspended production, customers have turned to substitute brands such as Panasonic.

Walsin
Walsin was affected by Italy’s closure and had shipments delay by about two weeks. Customers however, also stocked up at least a 3-month supply

5 Tech Trends Spotted at CES That Will Make Great Impact on the Industry in 2020

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Many of the world’s most important innovations in the consumer space over the past 50-plus years have made their debut at CES, often in the form of promising prototypes on their way to full commercial release. That’s why the annual three-day showcase is an event that industry watchers consider among the most reliable indicators of technology trends.

As CNET reported in early January, this year’s top trends run the gamut from autonomous vehicles to plant-based meat. They include:

1. Health sensors
Wellness monitoring capabilities are being built into consumer devices where one may never have expected to find them just a few years back. Take, for example, blood-pressure-sending earbuds which can provide readings superior to those of cuff-based devices. There is also a sleep-tracking watch that can provide alerts for irregular heartbeat and detect signs of sleep apnea, a smart band that tracks calories and hydration, and the list goes on.

2. Cities of tomorrow
The Woven City is a concept for a sustainable ecosystem that Toyota intends to build as a prototype community. It will serve as a living laboratory where full-time residents and researchers can test and develop technologies such as autonomous vehicles, robots and smart homes; if successful, it could also serve as a blueprint for other companies to follow suit.

3. Foldable tech
CES 2019 unveiled foldable phone concepts that are just now starting to make their way onto the market. This year’s edition of the show built upon that promise with larger offerings, including tablets and laptops. Intel’s unveiling of a reference design called the “Horseshoe Bend” is a driving force behind expanding the possibilities of what a single screen can do. 

4. Subtle tech
After decades of tech appeal based upon the shiny and new, a handful of companies are embracing a more subtle approach. User interfaces are being reimagined in ways that allow them to blend in more naturally, as evidenced by offerings like this natural wood touch-panel display system.

5. Plant-based meat
Not all of the tech at CES is electronic; at last year’s show, the Impossible Foods truck handed out thousands of plant-based burger sliders to prove that a process with a much smaller environmental footprint could still produce an authentic meat taste. This year’s show introduced Impossible Pork, taking aim at the high popularity of pork-based products such as bacon and sausage.

Of course, in a show featuring over 4,500 exhibiting companies, these are just the tip of the iceberg. Read CNET’s full story here.

Electronics Industry Trends Affecting The Way You Purchase Parts

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A new year brings new opportunities for industry growth. When it comes to how engineers will design products over the next 12 months, there are a few industry trends to consider – trends that will impact where manufacturers shift their emphasis and where demand will lie. Ultimately, these trends will impact how, and which, parts are purchased.

When it comes to ensuring supply chain efficiency and making solid decisions for your company, consider what’s to come in various markets that affect your job.

In 2020, it will still be critical to incorporate more suppliers into your sourcing strategy, as we’ve seen a great deal of components shortages over the past few years.

This year, experts suggest that we’ll still be heavily focused on incorporating more suppliers into sourcing strategies, as we’ve seen a great deal of components shortages over the past few years. We’ll also focus on greater supply chain transparency as a need will rise to understand even suppliers’ suppliers so that we can predict when availability challenges may arise.

Probably one of the most poignant predictions made by John Caltabiano, Vice President, Global Supply Chain, Jabil, in an article featured on EPSNews was that of continued growth—growth across the electronic equipment market.

Rapid growth calls for an understanding of key tech trends that will shape the way we purchase and plan for supply/demand.

ByteSnap Design’s Dunstan Power gave us plenty to think about in his recent article.

Machine Learning

For starters, he predicts a heightened focus on Machine Learning. While corporations still expect nearly $16 trillion in AI gains over the next 10 years, and many are predicting much disruption and opportunity, some might say there’s been an overkill of AI talk. Instead, engineers are focusing a lot more on machine learning. It’s predicted that these technologies will play into more accurate and automated medical diagnoses. We may also see a boost in tools that are driven by machine learning technology that will keep up with hardware strides.  

Vehicle Efficiency Poised to Improve with Collaborative Tech

From self-driving vehicles, auto semiconductors, and connected vehicle tech, safety and efficiency are expected to improve as cars become more interconnected. According to collaborative driving company, Veoneer, most vehicles sold in 2030 will include collaborative driving tech and a fraction will be fully autonomous.

“We can look forward to cars either coming with data plans or piggybacking off mobile Wi-Fi during 2020, learning habits/routes, such as a daily commute,” says Power.

What else?

Expect to see a heightened focus on security, big data and its use, and personal virtualized assistants. 5G will also continue to be at the forefront of manufacturers’ minds, as the technology rolls out in many regions this year. And let’s not forget China—with its move toward independence potentially creating two distinct supply chains. This move could present opportunity for some companies and hurdles for others.

For more trends, read all of the 2020 predictions by Dunstan Power, ByteSnap Design.

A Message from the President on our 25th Anniversary

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As we celebrate our twenty-fifth year in business, all of us at Serendipity Electronics Inc. would like to express our sincerest appreciation to you, our clients, for your loyal support through the years.

Our company was founded in 1991 with only two employees with workstations including only a fax machine and a telephone. At that time, we could hardly foresee our growth to a global company with sales exceeding $25MM. This expansion was made possible through the dedication and hard work of each member of the Serendipity Electronics Inc. team.

We also announce our acquisition of the electronic component distribution division of Nex-Solutions, Inc. This acquisition expands our sourcing reach in Asia and gains a long-standing base of domestic OEM and EMS customers.

We like to think that our 25 years of success can be attributed to a wholehearted commitment to our core values, most importantly our commitment to our employees and their families, and our service commitment to you, our customers.

Our dedication to complete customer satisfaction and our valued relationships will remain the foundation for our next 25 years of success.

We thank you and look forward to your continued support.

Yours truly,

Patricia O’Neill
President of Serendipity Electronics

To read more about Serendipity’s 25th Anniversary please click here.

Serendipity Electronics Inc. Celebrates Their 25th Anniversary With Further Expansion in Serving the Needs of the Electronics Industry

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Huntington, NY – June 6, 2017 — Serendipity Electronics Inc., a leading global diversity supplier of high volume electronic components and computer peripherals, announced today the celebration of their 25th Anniversary in business. The company also announces their acquisition of the electronic component distribution division of Nex-Solutions, Inc. This acquisition expands the company’s sourcing reach in Asia and gains a long-standing base of domestic OEM and EMS customers.

“We are thrilled to share these milestones with our community of employees and customers – the people who have been the driving force behind our expansion and success,” comments Patricia O’Neill, President of Serendipity Electronics Inc. “These are two exciting celebrations for our company. We celebrate our twenty-five year history of dedication to complete customer satisfaction and also look forward to the future. The acquisition of the electronic component distribution division of Nex-Solutions, Inc., is an important step in further expanding our sourcing assets in Asia and leveraging their business model which has garnered millions of dollars in customer cost savings.”

“Serendipity’s highly skilled team and long-standing customer relationships are an excellent complement to our electronic component distribution business,” said Gary Itenson, President and Founder, Nex-Solutions, Inc. “Combining the two businesses is a clear win and creates greater scale and focus which will immediately benefit our customers and suppliers.”

Contributing to the success of Serendipity Electronics Inc. is the company’s service of some of the world’s largest manufacturers and their CEM’s in varied markets ranging from the automotive, electrical and mechanical industries to the communications and medical industries as well. Services provided include sourcing urgent requests for quote, purchasing providers for OEM’s and Tier One’s, and cost savings opportunities with strategic sourcing in Asia. Servicing a variety of industries, as well as diversifying their portfolio of services, enables Serendipity Electronics Inc. to compete as a valued supplier in the electronic components industry.

About Serendipity Electronics Inc.:

Founded in 1991, Serendipity is a company certified by Women’s Business Enterprise National Council (WBENC) and Woman Business Enterprise (WBE). As one of few independent distributors with this certification, the company meets the diversity needs for some of the world’s largest OEM and EMS companies on a global basis.

With its ISO 9001, ANSI/ESD 20.20, AS9120, and ISO 14001 certifications, Serendipity is dedicated to the distribution of electronic components and interconnect products. They serve a wide range of end markets that include automotive, aerospace, medical, industrial, and government electronics. Serendipity has locations in New York, Shenzhen, and Canada with hubs in El Paso, Laredo, Eagle Pass, UK and Hong Kong.

About Nex-Solutions, Inc.:

Nex-Solutions, Inc., provides a suite of services that include electronic component distribution, custom component manufacturing and industry advisory services. Since inception, the company has operated in Asia and has a significant team of sourcing specialists within the region and a supplier company that has been built upon long-standing relationships.

For more information, contact:

SERENDIPITY ELECTRONICS INC.
Patricia O’Neill
President
152 East Main Street
Huntington, New York 11743
631.424.2244
www.serendipityelectronics.com