Future Electronics doesn't need a crystal ball to know where its future lies. Founded in 1968 by owner and reclusive billionaire Robert Miller, the company is one of the world's top distributors of electrical and electronic components. Future Electronics' vast product line includes memory chips, optoelectronics, resistors, microcontrollers, displays, and passive components, but it primarily focuses on lighting and energy. Among its approximately 300 suppliers are Avago, Fairchild Semiconductor, Freescale, International Rectifier, Littelfuse, NXP, TE Connectivity, and many other high-tech heavyweights. It operates about 170 locations in more than 40 countries in the Americas, Asia, and Europe.
Future Electronics continues to add to its list of suppliers, as well as its product lines. In 2011 it began providing sales, design support, and fulfillment services for Greenliant solid state drives, embedded controllers, and flash memory products; RF Monolithics modules, short-range IC radios, and RF component products. That year also saw power components company Vicor Corporation choose Future Electronics as its sole distribution partner, and sign a distribution agreement with Canada-based Touch Revolution to offer its multi-touch displays.
Its product catalog also gets a boost by periodic expansions of existing relationships. In 2012 Murata Electronics North America built on its existing relationship with Future Electronics, which started back in 1994, chipping in its power solutions products. Panasonic Electric Works of America expanded its contract with the company in 2011 to include tough-contact connectors. Also that year Future Electronics added a variety of LED products from Philips Lighting; many are much smaller wattage, often saving as much as an 80% energy savings over older lights and sometimes lasting 50 times longer. The company has been the exclusive distributor of LEDs from Philips' Lumileds subsidiary for more than a decade.
In fact, Future Electronics was one of the first distributors to create a designated business unit for its LED product lines -- Future Lighting Solutions. Future Lighting has carved out a special niche for itself by learning how to adapt semiconductor-based traditional light sources to LEDs. To better serve the Chinese market, Future Lighting launched a Chinese language version of its website in 2011.
Building on the popularity of its energy-efficient lighting unit, in 2009 the company formed its Future Energy Solutions division, which supplies components and systems to companies in the energy sector. The division concentrates on products for solar and other alternative power gathering systems, smart meters, and home area networks.
Future Electronics also offers engineering services such as trade-off analysis, Internet protocol evaluation and benchmarking, design tool and methodology consulting, and design services. – less
3 salaries reported
$36,367 per year
4 salaries reported
$17.21 per hour