Global AI Power Chip Leader MPS Raises This Year's Revenue Target to 85% Year-on-Year Growth
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Golden Ten Data, May 6 — The Chief Financial Officer of global power chip leader MPS (MPWR.O) stated during an earnings call that, driven by demand for optical modules and switch power supplies, the company has raised its manufacturing capacity target from $4 billion to approximately $6 billion. He mentioned that after the first quarter of this year, management has seen the strong order momentum that began last year continue, and is confident in further raising this year’s revenue target, expecting it to grow by about 85% year-on-year.
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