Key 5G Trends to Watch Out for From 2023 Onwards
Where does 5G stand three years after its first commercialization in 2019? Let’s start with the frequency band. The sub-6 GHz (3.5 – 7 GHz) and millimeter wave (mmWave, >24 GHz) bands are the two new bands among the spectrum covered in 5G. Despite the hype surrounding mmWave, according to IDTechEx’s “5G Market 2023-2033: Technology, […]
Sales of Robots for the Service Sector Grew by 37% Worldwide
World Robotics 2022 – Service Robots report released Frankfurt – Sales of professional service robots rose by an impressive 37% in 2021. By region, the strongest growth came from Europe with a market share of 38% followed by North America with 32% and Asia with 30%. At the same time, sales of new consumer service robots […]
Avnet Posts Fiscal Q1 Results
First quarter sales of $6.8 billion up 21% year over year Operating income of $291 million grew three times faster than sales PHOENIX– Avnet, Inc. (Nasdaq: AVT) today announced results for its first quarter ended October 1, 2022. Commenting on the Company’s financial results, Avnet Chief Executive Officer Phil Gallagher stated, “Our first quarter saw meaningful […]
Keynote to Address Electric Vehicle Charging Infrastructure at SMTA International
Minneapolis, MN – The SMTA announced Chief Operating Officer for Autel Energy, John Thomas, will keynote the SMTA International Conference and Exposition on Wednesday, November 2, 2022 at 9:00am in the Minneapolis Convention Center in Minneapolis, MN, USA. During his presentation titled, “The Electric Vehicle (EV) Conundrum” John will address what it will take to provide the infrastructure […]
Plexus Announces Fiscal Fourth Quarter and Fiscal Year 2022 Financial Results
NEENAH, WI, — Plexus Corp. (NASDAQ: PLXS) announced financial results for our fiscal fourth quarter and fiscal year ended October 1, 2022, and guidance for our fiscal first quarter 2023 ending December 31, 2022. Reports record fiscal fourth quarter 2022 revenue of $1.12 billion, GAAP operating margin of 5.5% and GAAP diluted EPS of $1.78, including $0.18 of stock-based […]