Chip 1 Exchange, an industry-leading, global, hybrid, franchise/full service distributor of electronic components and peripherals, has moved their U.S. headquarters and logistics operations from southern California to Fort Worth.
Established in 2001 in Frankfurt, Germany and launching its U.S. operations in 2007, Chip 1 Exchange is a franchised distributor of electronic components for aerospace, medical, automotive, industrial, defense, mobile computing and consumer applications.
“With recent company growth, Chip 1 looked at multiple locations when choosing the best fit for expansion,” said Damon Pouya, COO of Chip 1 Exchange. “Based on the economic growth potential and demand in workforce, Fort Worth will be a great fit for our expansion into Texas. Fort Worth offers ideal resources and plenty of eager, willing employees looking to learn and grow in an emerging technological marketplace.”
The company will operate from a lease-to-build 15,000 square foot site at 701 E. 8th St. with 20 employees. The facility includes a quality control lab, regional sales office and purchasing hub with expansion plans for additional employees.
“We’re happy to welcome another global company choosing Fort Worth for their U.S. headquarters,” said Chris Strayer, senior vice president of Business Attraction, Retention & Expansion for the Fort Worth Chamber of Commerce. “The location in downtown is perfectly situated for their industrial processes and attraction of top talent for headquarter functions.”
Chamber staff helped Chip 1 with permitting processes, workforce needs and industry alignment with other local businesses.
In addition to component sales, Chip 1 offers design services, BOM analysis, inventory and lifecycle management. Expansion is also in planning for offices in Florida and the San Francisco Bay Area.
Chip 1 Exchange has grown rapidly from its start in 2001 and now boasts corporate offices and distribution centers in Dubai, Hong Kong, and in the United States. The U.S. office handles business for both North and South America