Smith, a leading global distributor of electronic components and semiconductors, announces its 2022 year-end growth summary for the EMEA region. The company fostered significant growth across the region, including new and expanded sales offices, major investments in component testing and inspection, a 60-percent increase in total workforce, and more than doubling the previous year’s annual revenue.
“Smith has been a valued supply chain partner in EMEA for more than two decades,” said Cleat Kimbrough, President, EMEA at Smith. “As the semiconductor industry has grown and changed, Smith has been there to support our customers and address their unique needs, and our products and services will continue to evolve to keep Smith on the leading edge of Europe’s booming technology market.”
Smith’s customers in the automotive market have faced unprecedented challenges across all verticals of their supply chains, but Smith’s tailored, proactive solutions have helped to mitigate these difficulties and develop key opportunities in the region.
“The global semiconductor shortage hit automotive manufacturers, many of whom are in the DACH region, especially hard over the last two years,” said Fabio Gimondi, Managing Director, DACH at Smith. “Meanwhile, other high-risk applications, like medical manufacturing, are also being heavily impacted by the shortages, and emerging industries, like renewable energy and industrial automation, are adding to the significant demand for semiconductors in EMEA.”
To match this increase in demand, Smith opened a new office in Maidenhead, United Kingdom, and expanded its existing offices in Berlin, Germany, and Cluj-Napoca, Romania. Less than 30 miles from London, Maidenhead is part of the Silicon Corridor, a major hub for startups and other technology companies in Europe.
“The United Kingdom is a technological powerhouse in Europe and will be the next phase of our expansion here,” said Cleat. “We are excited to build our presence and provide more localized support to our partners in and around Maidenhead.”
SOURCE: PRWeb