Altium and IHS Markit Partner to Solve Component End-of-Life Issues for PCB Design
June 11 2020 - 9:30AM
Business Wire
Streamlining Bills of Materials (BOM) with
End-of-Life Alerts, Product Change Notifications and Obsolescence
Management
Altium, the global leader in PCB design software, is partnering
with IHS Markit Electronic Parts Solutions to solve one of the
major challenges in PCB design.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20200611005213/en/
Altium Designer users can now get
actionable lifecycle status updates during their PCB design process
(Graphic: Altium LLC)
When electronic components become obsolete, design and
production can suffer lengthy delays. With an average of 15
end-of-life notices issued every day, part obsolescence is a
challenge that most engineers routinely face. To address this
design challenge, Altium has partnered with IHS Markit, the world’s
most accurate component intelligence source, which provides
actionable lifecycle status updates as the PCB is being designed.
IHS Markit’s BOM analysis provides current lifecycle status for
over 660 million electronic components.
“PCB designers urgently need to understand whether the
components they specify are going to be available for the full
lifecycle of their end products,” says Ted Pawela, Chief Operating
Officer of Altium. “IHS Markit and Altium are partnering to make
reliable component lifecycle data and recommended substitutes
seamlessly available to them as they design rather than after the
fact.”
IHS Markit’s Electronic part and supply chain intelligence is
integrated with Altium 365, the world’s only cloud platform for
printed circuit board design and realization. Altium 365 works
harmoniously with Altium Designer, the industry standard for PCB
design, to deliver the most connected experience for PCB design and
manufacturing.
The Altium 365 Pro subscription plan provides users with
component management capabilities including part and supply chain
intelligence powered by IHS, allowing engineers to easily find and
replace components that are obsolete or facing end of life.
“By using lifecycle information and alternative part options
from IHS, Altium Designer and Altium 365 users can ensure
successful supply chain continuity at any point in the PCB design
cycle, long before potential end-of-life issues arise,” explains
IHS Markit Vice President Bob Braasch.
Altium 365 Pro subscribers can now access IHS Markit technology
from within the Altium Designer’s Manufacturer Part Search panel
for effortless access to the latest component life cycles,
alternative part options and actionable information. With Altium
Designer’s ActiveBOM editor, users can harness the latest
alternative part choices from IHS Markit, ensuring part
availability for the entire Bill of Materials (BOM).
To learn more about the IHS Markit integration, watch the short
introductory video:
https://www.youtube.com/watch?v=nZmBD9VXhTA.
ABOUT ALTIUM
Altium LLC (ASX: ALU), a global software company headquartered
in San Diego, Calif., is accelerating the pace of innovation
through electronics. From individual inventors to multinational
corporations, more PCB designers and engineers choose Altium
software to design and realize electronics-based products.
The growing demand for smart and connected products is driving
advancements in electronics technology. Design trends are
demonstrating the need for minimizing power, reducing package size
and energy consumption, and prioritizing high-speed design. For
over 30 years, Altium has been delivering software that maximizes
the productivity of PCB designers and electrical engineers, from
idea to board. Users are at the center of Altium’s R&D and
business operations. With its unique Business-to-User approach,
Altium is focused on developing software that is easy to use and
implement, with solutions that enable innovation and deliver
industry-leading user productivity.
Products include Altium Designer®, Altium Concord Pro™, Altium
365®, Altium NEXUS®, CircuitMaker®, CircuitStudio®, Octopart®, and
TASKING®. To learn more about Altium, visit www.altium.com.
ABOUT IHS MARKIT
IHS Markit (NYSE: INFO) is a world leader in critical
information, analytics and expertise to forge solutions for the
major industries and markets that drive economies worldwide. The
company delivers next-generation information, analytics and
solutions to customers in business, finance and government,
improving their operational efficiency and providing deep insights
that lead to well-informed, confident decisions. IHS Markit has
more than 50,000 business and government customers, including 80
percent of the Fortune Global 500 and the world's leading financial
institutions. Headquartered in London, IHS Markit is committed to
sustainable, profitable growth.
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Masha Petrova pr@altium.com
Altium (ASX:ALU)
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