Vicor Update, Part Two is live. A month ago we published our Vicor deep dive with the stock around $175. Since then, $VICR filed three lawsuits, opened a third trade commission case, bought sites for more fabs, signed its first vertical power licensing deal, raised guidance twice in nine days on the royalties, and ran nearly 50%. Part Two is what happened next. The detail almost nobody caught. On October 8, Vicor quietly updated a chart on its website. It is a price list. The entire licensing model, printed on a marketing page. The next day, the trade commission opened an investigation into nine corporate families at Vicor’s request, pleaded as one supply chain powering Google’s TPUs. Google is not a defendant. Google is already a licensee. The founder told everyone this was coming. In April he said “there is no two without three. Don’t be surprised if you see a third one.” Six months before the third case arrived. Part Two covers how the trade commission weapon works, why the fab everyone criticized is the legal key to the whole campaign, and the five questions earnings must answer on October 20. Full piece on the Substack, link below.