KEMET is currently a well-balanced operation that will be able to survive any coming downturn and even prosper by way of the opportunity downturn may represent, Lessner asserted.
"I don't think consolidation is played out and we will continue to look for opportunities. Things are probably a little overpriced right now so a slowdown might bring prices down. We are bullish in the long term. There is the electrification of the automobile and the roll-out of 5G and we have the products to serve those trends. We have the technology for the integration of passives into modules and then into circuits boards."
In short, the future looks good for a balanced global supplier of passive components and passive component technologies. It is impossible to know for sure what the next five years will bring, let alone the next 100 years, but one thing KEMET has demonstrated – twenty years before David Packard and Bill Hewlett – is that great companies can grow from a tiny start in a garage.
Happy 100th birthday KEMET.
Philip Lessner, senior vice president and chief technology officer, joined KEMET in 1996 as a technical associate in the tantalum technology group. He has held several positions of increased responsibility in the technology and product management areas, prior to the appointment to his current position in February 2013. Lessner received a Ph.D. in chemical engineering from the University of California, Berkeley, and a bachelor of engineering degree in chemical engineering from Cooper Union.
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