Affymetrix makes Genechips, which are super-thin wafers like computer chips … but the comparison ends there. Genechips carry DNA used by researchers … and they’re #1 in their field.
After a spike in demand last year, Affymetrix is adding a plant beside the one it has … and presumably will boost employment beyond its current 140 in West Sacramento. No figure has been announced. The company will also begin manufacturing in Singapore later this year, to meet demand in Asia. Revenues at Affymetrix, based in Santa Clara, rose 20% last year … but Wall Street wanted more. The stock price hit a one-year low last year.