News
WASHINGTON, DC – Intel today announced plans to spend $7 billion over the next two years to build advanced manufacturing facilities in the US. The investment funds deployment of Intel's 32nm manufacturing technology and represents Intel's largest-ever investment for a new manufacturing process.
MELVILLE, NY -- Arrow Electronics reported fourth-quarter net income fell 62% year-over-year to $43.2 million on a 7.5% drop in revenue to $4.09 billion.
Excluding the company's acquisition of Logix, revenue would have falled 12%.
The company guided for first-quarter revenue of $3 billion to $3.6 billion.
In a statement, chairman and chief executive William E. Mitchell said, "We expect the marketplace to continue to be unsettled and that visibility will remain limited most likely through 2009."
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