NIC Components Corp Revenue and Competitors

In 1982, NIC Components Corp. was licensed by Nippon Industries Co., Ltd. [ ], of Japan for the North American sales of its passive components. Nippon Industries was founded in 1975 by Yoshiharu Dangi and Gichu Sato with an initial investment into a small manufacturer of aluminum electrolytic capacitors. In the ensuing years, they continued to invest in small and medium-sized Asian makers of passive components. Nippon's philosophy was to provide an export market to those independent factories in return for a long-term allocation. To further enhance this unique fab-less model, Nippon provided its suppliers with financing, engineering and access to high quality raw material suppliers. All of Nippon's products were for export, and many of its customers initially were importers and distributors in both Europe and North America. In 1982, Richard Schuster and several associates founded NIC Components Corp. NIC, headquartered in Farmingdale, New York, set up sales and marketing in the United States and Canada and procured mot of its product from Nippon Industries. Some of its early distributors included Future Electronics, Belford, Bell (now Arrow) and Brevan. In 1989, NIC opened its second sales and warehouse facility in San Jose, California. While the core business remained in aluminum electrolytics, new fabs manufacturing tantalum, film and ceramic capacitors were recruited to round out the package of passive components. NIC also ventured into the resistive and magnetic component markets with Nippon's new fab liaisons. In 1997, NIC Eurotech Ltd. was established in the United Kingdom as a wholly-owned subsidiary, and in 1999, NIC Components Asia PTE Ltd. was established in association with Nippon Industries and local management in Singapore. Today, NIC Components is approaching 200 million dollars in sales and has several thousand active customers worldwide, including top tier CEMs and OEMs.