Element14 Doubles its Inventory Portfolio in Asia Pacific

Element14 (formerly Farnell) announced the expansion of its inventory portfolio to over 130,000 products, doubling its product range over the past year in Asia Pacific. The company said its regional inventory, which comprises of products from 3,500 leading suppliers, is also complemented by its global network of distribution centers.

Based on Gartner's latest Semiconductor report, Asia Pacific's semiconductor market revenue is forecasted to grow from $181 billion in 2010 to $278 billion by 2015. The rising trend in electronic equipment demand and spending in the region reveals that revenue in Asia Pacific is expected to grow from $719.4 billion in 2010 to $1139.3 billion in 2015. These factors point towards an increased demand for a wide range of electronic production and component usage in the region. In addition, technology is constantly progressing and becoming more sophisticated as international and domestic designs converge in the Asia Pacific region to meet worldwide demands.

"As Asia Pacific emerges as the centre for electronics manufacturing, engineers face increasing challenges to create end products that are reliable, intuitive and technologically advanced," said William Chong, Regional Director of Supplier, Product and Purchasing Management, element14, Asia Pacific. "At element14, we have bolstered our product selections and strengthened our partnerships with leading industry manufacturers to offer our customers unrivalled access to our extensive product range and services that support them from product conception to production."

www.element14.com