芯世相·2025-10-20 09:06Core Viewpoint - The article discusses the recent developments regarding Arrow Electronics, specifically its removal from the U.S. Entity List by the Bureau of Industry and Security (BIS), and the implications for the semiconductor market, particularly for Texas Instruments (TI) [3][4][5]. Group 1: Company Developments - Arrow Electronics has been notified by the BIS that several of its subsidiaries in mainland China and Hong Kong have been removed from the Entity List, which will be officially published in the Federal Register soon [3][4]. - The removal allows Arrow and its partners to export and re-export certain controlled items without the usual licensing requirements until February 14, 2026, or until the official announcement is made [4][5]. - The initial listing of Arrow on the Entity List was due to its involvement in procuring U.S.-made electronic components for organizations in Iran, which were used in drones [7]. Group 2: Market Impact - Following Arrow's listing on the Entity List, there was a significant impact on the supply chain, leading to increased demand for TI products as Arrow was a key distributor for TI [9][10]. - The revenue for Arrow in 2022 was reported at $27.9 billion, a 16% decline year-over-year, while its competitor, WPG Holdings, surpassed it with $29.3 billion in revenue [9]. - The market has seen fluctuations in pricing for TI products, with reports of price increases for certain materials, although some market participants noted a lack of significant price changes [10][11]. - After Arrow's removal from the Entity List, the market has become more cautious, with customers adopting a wait-and-see approach rather than rushing to place orders [10][11].