Arrow Gets Faraday Pact

Faraday has done many tape-outs.
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Arrow Electronics'

(ARW) - Get Report

North American Components arm entered into a franchise and distribution agreement with

Faraday Technology

, a ASIC provider. This pact announced Monday is effective immediately. This will allow customers to have access to Faraday's ASIC and structured ASIC technologies through Arrow's North American sales and design centers, the New York-based company said.

"We are extremely excited to add Faraday into our Custom Logic Solutions services model," the company added. "Faraday's vast portfolio of silicon proven IP, successful track record of more than 300 tape-outs annually and commitments to innovative products gives Arrow the opportunity to broaden our customer reach."

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