[UKPRwire, Tue Aug 14 2007] Abacus Group today announced that it has signed a UK franchise agreement with Samsung Semiconductor Europe, the world’s largest manufacturer of memory and second largest semiconductor manufacturer. Following the agreement, Abacus Group has five of the world’s top seven semiconductor manufacturers on its line card.
According to Ed Hogan, Sales Manager at Samsung Semiconductor Europe, “We see growing demand for memory in the industrial market. Abacus complements our existing distribution network in the UK, providing Samsung with a technical demand creation partner offering strong relationships with industrial customers. Our new partnership enables Abacus to provide a more complete solution to these customers, and Samsung to address their needs more effectively.”
Martin Brooks, Abacus Group Technical Director, commented, “We are delighted to have signed a franchise agreement with Samsung, a world leading partner. Samsung is investing strongly in its semiconductor business, specifically in its manufacturing capability, and we are excited about the opportunity to work with them to grow demand for their technologies in the UK.”
He added, “Decreasing price differential between 32-bit and 8-bit processors is leading a growing number of customers to use more powerful processors to enhance the functionality of their products. In consequence, their need for memory devices is increasing. Samsung’s portfolio of memory solutions are a great fit with our established, successful lines of 32 bit microcontrollers and Embedded Single Board computers, and enable us to take advantage of this market opportunity. We will be focussing initially on the industrial and embedded markets for solid state memory and Hard Disk Drives.”
Samsung has been the world’s second largest manufacturer of semiconductors since 2002 according to Dataquest. It has been the world’s number one manufacturer of memory chips for 14 years, number one in DRAM for 15 years, number one in SRAM for 12 years and number one in Flash for 4 years. Samsung Electronic Components has led the world’s semiconductor industry in terms of capex since 2004.
About SAMSUNG Electronics
SAMSUNG Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2006 parent company sales of US$63.4 billion and net income of US$8.5 billion. Employing approximately 138,000 people in 124 offices in 56 countries, the company consists of five main business units : Digital Media Business, LCD Business, Semiconductor Business, Telecommunication Network Business, and Digital Appliance Business. Recognized as one of the fastest growing global brands, SAMSUNG Electronics is a leading producer of digital TVs, memory chips, mobile phones and TFT-LCDs. For more information, please visit www.samsung.com.
About Abacus Group plc
Abacus Group plc is one of the leading distributors of electronic components in Europe, with directly owned companies having locations in every major European electronics market.
Abacus Group companies are marketed in four groups:
Abacus Electronic Component Distribution (ECD) has a portfolio of 180 franchises within 12 trading operations providing technical distribution services through locally based sales offices.
The Specialist Distribution group covers businesses offering displays and communications expertise, and includes Trident, Axess and TDC.
Abacus Own Brand encompasses Dubilier and Eledis and Components offering competitively priced, quality passives, electro-mechanical components and batteries.
Alpha 3 Manufacturing provides electromechanical sub contract manufacture, under three trading operations: DEM Manufacturing, CTL Manufacturing and CCS Electronics.
- ends -
Reader enquiries: for further details please contact:
Abacus Group plc., Abacus House, Bone Lane, Newbury, Berkshire, RG14 5SF, UK.
Tel: +44 (0) 1635 36222. Fax: +44 (0) 1635 38670.
Email: info@abacus-group.co.uk. Web: www.abacus-group.co.uk.
Press Contact: Peter van der Sluijs
Neesham Public Relations
Tel: +44 (0) 1296 628180
Email: peterv@neesham.co.uk
Photo caption: from left to right: Ed Hogan, sales manager, Samsung Semiconductor Europe and Glen Jarrett, marketing director, Semiconductor and Electromechanical Products, Abacus Group.
Del.icio.us
Digg
Furl
Blinklist
Reddit