Littelfuse Overview
Company Headquarters: Chicago, US
Founded: 1927
Workforce: ~ 10,700
Company Working: Littelfuse is one of the leading manufacturers, designers, and solution providers of circuit protection products, which are used in power control & sensor technologies, automotive, and industrial markets. It has an extensive product portfolio of fuses, polymers, ceramics, relays, semiconductors, and sensors. It operates through three major business segments, namely, automotive, electronics, and industrial. The company generates most of its revenue from electronics segments as it highlights broadsets of products includes fuses, fuse accessories, polymer electrostatic discharge, positive temperature cofficient resettable fuses, suppressors, varistors, semiconductor and power semiconductor product, such as discrete transient voltage suppressor, diodes arrays, SiC, metal-oxide semiconductor field-effect transistor (MOSFETs), SiC diodes and insulated-gate bipolar transistor (IGBT) technologies. Littelfuse has employees consisting of engineers and scientists for continual improvement of its existing product line and to introduce new products by research, design, and development.
The proposal for the research & development is mainly initiated primarily by the sales, marketing, material scientists, technicians, and other product management professionals, which includes contribution from the customers. Additionally, the company has a number of patents. The company is highly focused on improving the reliability, safety and performance of the products and systems that are used in any electrical systems. Currently, the company is highly involved in mergers and acquisitions to accelerate its growth, across the globe.
As a global player, the company has manufacturing facilities in North America, Europe, and Asia-Pacific.
Strategy
Littelfuse aims to accelerate its growth in power control platform. Another strategy by the company is innovation in technology that adds value to the customers. Additionally, it is looking actively for partnerships and collaborative approach that can help gain the strength in the market and enhance the brand value financially. The company is accelerating its growth in industrial application through power control platform. Furthermore, the company is targeting market development, innovation, and capitalization of growth opportunities where technologies and application can be utilized, across the segments. For instance, in November 2018, it announced the acquisition of Monolith Semiconductor, Inc. which is a Texas-based startup, specialized in the development of SiC power device technology. This acquisition has helped the company serve the growing electronics markets in the US and other parts of North America. Another key strategy by the company to focus on electronics segment specially in SiC technology, which is a promising semiconductor material that is more efficient in power conservation than traditional silicon-based devices. For instance, in June 2018, it introduced its line of silicon carbide power semiconductor devices of five GEN2 Series 1200 V, 3L TO-247 Schottky Diodes and three GEN2 Series 1200 V, 2L TO-263 Schottky Diodes.
