īy 2018, the company had annual revenue of $2.3 billion and more than 3,500 employees. The expansion was helped by government incentives and tax exemptions and was expected to add another 1,000 jobs at Digi-Key. In 2017 the company began work on a one million square foot expansion to their Thief River Falls facility at an expected cost of $200 million to $300 million. By 2017, Digi-Key was located in a single, centralized location in Thief River Falls, Minnesota that measured 800,000 square feet (74,000 m 2). ĭigi-Key continued to grow following the recession in 2008. On JDave Doherty, who served as the Executive Vice President of Operations at Digi-Key, transitioned to Larson's position as President and Chief Operating Officer. In 2015 Larson stepped down from his role within the company and transitioned to a board position. He has led the company from its initial focus on the hobbyist market to the expanded market it serves today. Mark Larson, who joined Digi-Key in 1976 as its general manager, became president in 1985. The first international domain was launched in 1996 in Canada, this would later expand to over 40 local domains. In 1996, Digi-Key launched their website, gradually shifting focus towards e-commerce. The company quickly grew and by 1984 it was located in a one million square foot facility next door to Arctic Cat, a snowmobile manufacturer. He soon began selling kits to other ham operators, and eventually branched off into the distribution of other electronic components, allowing customers to purchase parts in any quantity, no matter how small.
DKC DIGI KEY CORPORATION CODE
Stordahl created a kit of electronic parts to improve transmission of Morse code over his radio. History Īfter earning a degree in electrical engineering at the University of Minnesota, Ronald Stordahl returned to his hometown of Thief River Falls, Minnesota where he took up ham radio in the early 1970s. Electrical schematics for the electronic keyer were published in the April 1968 of the radio publication QST.
The name "Digi-Key" is a reference to the "Digi-Keyer Kit", a digital electronic keyer kit that Stordahl developed and marketed to amateur radio enthusiasts. The company is privately owned by Stordahl. Digi-Key is the fourth largest electronic component distributor in North America and the fifth largest electronic component distributor overall. The company was founded in 1972 by Ronald Stordahl. Digi-Key is an American company based in Thief River Falls, Minnesota that distributes electronic components.
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