Analog Devices Invests More Than $1B To Expand Its Semiconductor Wafer Fab In Beaverton, Oregon
Portfolio Pulse from Benzinga Newsdesk
Analog Devices Inc. (ADI) is investing over $1 billion to expand its semiconductor wafer fabrication facility in Beaverton, Oregon. This move is expected to increase the company's production capacity.
July 27, 2023 | 5:19 am
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Analog Devices' $1B+ investment in its Beaverton facility is expected to increase its production capacity, potentially leading to increased revenues in the future.
Analog Devices' significant investment in expanding its semiconductor wafer fab indicates a strategic move to increase production capacity. This could potentially lead to increased revenues in the future, positively impacting the company's stock price in the short term.
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