ANDOVER, MA – Vicor will invest $35.5 million to expand its contract assembly factory here, with construction scheduled to begin this fall.
The maker of high-end power components plans a two-story 87,000 sq. ft. expansion to the Andover plant.
Vicor employs more than 700 workers at the campus, which includes its 85,000 sq.ft. corporate headquarters and 230,000 sq. ft. manufacturing facility.
The company expects to create 40 additional jobs as a result of the expansion.