Vicor CorporationVicor is buying New Hampshire sites to build ChiP Fab-2 and Fab-3 capacity, expanding manufacturing footprint amid rising revenue and backlog.

Vicor Corporation announced on September 11 that it is purchasing a 334,000-square-foot building on 66 acres in Merrimack, New Hampshire, and another 54 acres in Hooksett to support planned ChiP Fab-2 and Fab-3 power-component manufacturing facilities with a combined footprint of nearly one million square feet. Management says the existing 320,000-square-foot Fab-1 in Andover, Massachusetts, is approaching capacity, and cites a one-year lead time to initial Fab-2 deployment. Second-quarter product revenue rose to $112.9 million from $85.7 million a year earlier, and backlog for product shipments scheduled within the following 12 months reached approximately $380 million as of June 30, up 26% sequentially and 145% year over year. Vicor held $453.6 million in cash and equivalents at June 30, with second-quarter operating cash flow of $34.0 million against capital expenditures of $11.2 million. The announcement did not disclose property purchase prices, a complete construction and equipment budget, or firm customer commitments, and it supplied neither a full production ramp schedule nor a Fab-3 start date.
Vicor CorporationVicor is buying New Hampshire sites to build ChiP Fab-2 and Fab-3 capacity, expanding manufacturing footprint amid rising revenue and backlog.
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