PHOENIX and SUNNYVALE, CALIF.—August 8, 2016—Avnet, Inc. (NYSE: AVT), a leading global technology distributor, today announced a distribution agreement with SiTime Corporation, a MEMS and analog semiconductor company and wholly owned subsidiary of MegaChips Corporation (Tokyo Stock Exchange: 6875). Effective immediately, Avnet will offer SiTime’s MEMS oscillators in the Americas and Asia, excluding Japan.