Vicor (VICR) temporarily rose more than 10% in US equities after-hours trading on 22 September. The company raised its third-quarter revenue growth outlook from approximately 10% to more than 20%, driven by the contribution of a vertical power delivery (VPD) licensing agreement.
Vicor's share price temporarily rose more than 10% in US equities after-hours trading on 22 September. The move was attributed in part to the contribution of a recently signed vertical power delivery (VPD) licensing agreement.
The company announced that the VPD licensing agreement had led it to raise its third-quarter revenue growth forecast from around 10% to more than 20%. The expected increase in royalties from licensing revenue was cited as the reason.
VPD technology is designed to improve the efficiency of power modules and reduce power losses, with applications envisioned in high-performance equipment such as AI accelerators.
As its licensing business expands, the company is increasing manufacturing capacity and has acquired facilities and land in Merrimack and Hooksett, New Hampshire, for the construction of ChiP Fab-2 and Fab-3. The planned total floor area is expected to be approximately 1 million square feet.
Fab-1 is already operating at nearly full capacity, and construction of the initial production capacity for Fab-2 is expected to take approximately one year.
The company has not disclosed the scale of investment or a specific schedule for the new facilities at this time.