Advanced Products in the data ceentre and automotive markets and IP are key to future growth, says Vicor.
“For the full year 2020 revenue totalled $296.6m, up 12.8 percent from $263m for 2019. Quarterly Advanced Products revenue rose 10.4 percent sequentially, reflecting the continued ramp of shipments of our lateral power solutions for AI acceleration,” said Jamie Simms, the departing CFO of Vicor.
Profits were up at $17.9m, up from $14.1m, and the company expects to boost its IP business, both for licensing and enforcement of IP infringement.
“Misinformed and unscrupulous competitors are exposing OEMs, purchasing infringing converters to significant risk of supply chain disruption,” said Philip Davies, Vice President of Global Sales and Marketing. “Having learned how to protect its inventions and assert its IP, Vicor's IP strategy is to hold OEMs accountable for OEM products incorporating infringing power modules from unlicensed module manufacturers. OEMs seeking an alternate source to Vicor can take an OEM license to Vicor IP.”
Demand for ‘Advanced Products’ such as the 48V direct to CPU devices and the first volume shipments of new satellite solutions was key to growth, says Simms “Brick product revenue rose 6.1 percent sequentially, reflecting a broad resumption of shipments to our North American customers after the pandemic-related trough of the second and third quarters. This increase offset a sequential decline in shipments to China with those export volumes of brick products returning to trend from Q3's high level. Shipments to stocking distributors also rose sequentially,” he said.
“Fourth quarter results reflect improved margins in spite of manufacturing inefficiencies caused by outsourcing of critical process steps,” said Dr. Patrizio Vinciarelli, Chief Executive Officer and charman of Vicor. “Advanced Products bookings increased approximately 30 percent, offsetting a reduction in Brick Products orders."