Global circuit shortage cuts Denver energy manufacturer’s 3Q profit in half

Global shortages of key components are depriving a Denver manufacturer of $50 million in sales each quarter while rising costs to make its products cut into profits.

Advanced Energy Industries Inc. (Nasdaq: AEIS), which manufactures electrical power control devices used in high-technology industries, saw its third-quarter sales revenue shrink 11% compared to 2020, despite record demand for its products. The culprit was a lack of specific integrated circuits it needs to keep its production high enough…


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