Honestly, it’s time to talk about the latest news from the tech world. On May 6th, we got an update from Monolithic Power Systems (MPS), the global leader in power chips. Their Chief Financial Officer dropped some major news during a recent earnings call. Here’s the deal – due to the surge in demand for optical modules and switch power supplies, the company is boosting its manufacturing capacity target from $4 billion to around $6 billion.
Now, let’s get into the details. The management team is feeling pretty confident about the future. They’ve seen the strong order momentum from last year continue into the first quarter of this year, and they’re expecting to raise their revenue target even higher. They’re predicting a whopping 85% year-over-year growth. That’s some serious growth, folks!
