ADI is spending $1 billion to upgrade its semiconductor facility near Beaverton, Oregon, which will double production capacity, according to the news.

We are making a significant investment to modernize our existing manufacturing space, reassemble equipment to increase productivity, and expand our overall infrastructure by adding 25,000 square feet of additional cleanroom space," said Fred Bailey, ADI vice president of plant operations, according to oregonlive. "

ADI is said to produce high-end analog chips that can be used for heat management and thermal control, targeting markets such as industrial and automotive, which can avoid the impact to some extent in the current weak market demand for consumer electronics end markets.

The company beat estimates with sales of $3.25 billion and net income of $936 million for the quarter ended Oct. 29, 2022. Sales revenue increased 38.8 percent from a year ago and 4.5 percent from the previous quarter. For the full fiscal year, ADI Semiconductor achieved sales of $12 billion, an increase of 64 percent over the previous fiscal year, reflecting the rapid growth in sales resulting from ADI Semiconductor's acquisition of MMS.

source：aijiwei