Abstract: An intelligent component feeder includes a lever-powered mechanical component feed system and a memory device mounted on the mechanical feed system. The memory device has a two-terminal electrical interface, the two terminals are associated with data and data ground, respectively. The memory device, which is preferably of a non-volatile, rewritable type, contains information indicating a component ID, component Lot Number, feeder serial number, feeder type, number of feeder actuations, and a Quantity value for a reel of components mounted on the component feeder. The intelligent component feeder further includes a data connector for coupling data from the memory device to a data adapter of a placement device. The data connector comes into contact with the data adapter when the intelligent component feeder is installed on the placement device. The terminal associated with data ground is coupled with a body of said intelligent component feeder.