Chip 1 Exchange Relocates Headquarters to Fort Worth, Texas
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.
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.
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.
“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.”
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