Wednesday, December 7, 2016

Diodes Plant Hit By Fire In Missouri, Impact On Revenue

Plano, Texas-based semiconductor manufacturer Diodes has been hit by a fire at its production plant in Lee's Summit, Missouri, the company said late Tuesday. According to Diodes, there was a fire on Friday, November 18th at its wet etch wafer fabrication area, which resulted in all production at the fab being temporarily suspended. Diodes says it has now submitted repair plans to the landlord and city for approval and expects repairs to take one to three days when approval is given. As a result of uncertainty in those repairs, Diodes said its revenues may be impacted as much as $10M for the fourth quarter, with revised revenue range for the quarter of $222 million and $238 million.