Vicor Corporation plans expansion in New Hampshire amid guidance increase
1 report, 1 independent
Updated Sep 22
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What happened
Vicor Corporation is looking to acquire sites in New Hampshire for its Fab-2 and Fab-3 facilities. Separately, Vicor Corporation increased its third-quarter revenue-growth guidance from nearly 10% to over 20%, citing anticipated royalties from a non-exclusive license for its Vertical Power Delivery technology.
From themarketsdaily.com
Why it matters
The expansion into New Hampshire suggests increased industrial activity for Vicor Corporation. The increased guidance reflects a new high-margin revenue stream from licensing its patents to an unnamed AI equipment maker.
From themarketsdaily.com
Who's involved
- Vicor CorporationPlans to establish and expand manufacturing facilities within New Hampshire.
- NeedhamProvided analyst coverage, including a reaffirmed 'Buy' rating and $320 price target, for Vicor Corporation.
Keep exploring
The entities involved
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New Hampshire
state of the United States of America
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Vicor Corporation
company that designs, manufactures and markets modular power components
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Needham
town in Norfolk County, Massachusetts, United States