Vicor Announces Plans to Expand ChiP Fab Capacity with Two New Facilities
Vicor Corporation (NASDAQ: VICR) has announced plans to expand its manufacturing capacity by acquiring two new sites in Merrimack, New Hampshire and Hooksett. These will support the construction of ChiP Fabs-2 and -3, adding nearly one million square feet of production space as Fab-1 nears full utilization. The company cited strong demand for power components used in advanced AI systems and a growing backlog to justify expansion. Recent financial results show second-quarter product revenue rose 30% year-over-year to $112.9 million, with a 145% increase in the 12-month shipment backlog to approximately $380 million. Vicor also reported strong liquidity, holding $453.6 million in cash and generating positive operating cash flow of $34 million. However, concerns remain about whether utilization rates will justify expansion costs given no disclosed budget or firm customer commitments for the new facilities.
Tickers: $VICR
Topics: AI infrastructure demand growth expansion manufacturing