NPI Work Proceeding Apace, Fabrinet Says
SANTA CLARA, CA -- Fabrinet's new product introduction facility here continues to ramp, company executives said Monday.
The site opened last year and now has three manufacturing lines in use.
"We are well on our way to reaching our target of revenue that approaches $10 million in the December quarter," said CFO TS Ng. "At that level, we touch breakeven at [the] gross margin level."
The EMS company said the NPI site, coupled with its acquisition of Exception EMS last quarter, diversifies its non-optical revenue stream. "Our strategy at Exception will be to duplicate the success we have seen at our Fabrinet West NPS facility while diversifying our target market to address new opportunity," said CEO Tom Mitchell.
In Thailand, construction is completed on the first building of Fabrinet's new campus in Chonburi Province. The 500,000 sq. ft. facility increases the firm's total manufacturing footprint by nearly 50%.
"We continue to expect a small amount of revenue from Chonburi in the March quarter with revenue increasing in the quarters that follow," Mitchell said.
