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[–] • 2 pts

Probably due to Temu, AliExpress and other Chinese suppliers. I guess this has to happen.

Essentially, if society goes back a few hundred years, we don't need electronics or parts. Our current electronics will slowly stop working as parts fail with no replacement parts.

Like the joke goes, what did we use before candles? LEDs.

[–] • 3 pts

They occupied a different niche than what the Chinese suppliers operate in. NTE was replacement devices.

According to sources I've read, it was sold in 2022 to new owners who ran it into the ground.

[–] • 1 pt (edited )

Heard it on Shango's video yesterday.

I guess it was a matter of time. I suspect the operations doing component level repair using discrete semiconductors and such are getting rarer by the day, not to speak of the few remaining folks repairing antiques. Any business with such a diverse product portfolio will have a hard time subsisting on a shrinking customer base.

Also NTE was pretty pricey, at least in part because the real value they were providing was taking care of the compatibility angle of spare part procurement. Maybe comes down to how much of that you can take care of yourself and how much you value your own time or somewhere inbetween.

In any case, it's sad to see them go. Sign of the times.

[–] • 1 pt

Same place I heard it. I vaguely remember hearing about NTE being sold and thinking I wonder how long it's going to last. And yes, they were expensive, but you bought part from them to fix something.

I guess the new owners thought they had a gold mine instead of a comfortable income. Run it into the ground and move on.

[–] • 1 pt

Vetco is trying to pck up some of that slack.