Power Integrations reports developments in high-voltage power-conversion semiconductors, including analog and mixed-signal integrated circuits used in power converters for electronics, industrial equipment, appliances, networking devices, battery-powered tools and Internet of Things applications. Company news commonly covers quarterly results, cash flow, gross margin outlook, product introductions and market commentary tied to electrification, renewable energy, battery storage, DC transmission, EVs and AI data centers.
Recent updates also describe the company’s PowiGaN technology, TOPSwitchGaN flyback IC family and gate-driver products, along with executive appointments, sales organization changes, restructuring actions and equity inducement grants under Nasdaq Listing Rule 5635(c)(4).
Power Integrations (Nasdaq: POWI) has announced the launch of the new SCALE-2 gate driver, designed for 130 x 140 mm single IGBT high-power (IHM) modules. These gate drivers enhance system development and installation, particularly in railway and long-life applications. Key components include the 1SP0630V2M1R main driver, 1SP0635D2S1R peripheral driver, and ISO6125R-33 power supply. The SCALE-2 technology offers high integration and protection features, with a current output range of 1200 A to 1400 A and IGBT blocking voltage of 3300 V, compatible with modules from major manufacturers.
Power Integrations (POWI) has announced the release of its automotive-qualified InnoSwitch™3-AQ flyback switcher IC family, now available with a 900 V rating. This new IC provides enhanced headroom for power applications in electric vehicles, including inverters and battery management systems. The InnoSwitch3-AQ family boasts up to 90% efficiency and operates over a wide input voltage range from 30 V to 1200 V, with multiple safety features integrated. The new ICs are priced at $2 in volume, making them accessible for automotive designers.
Power Integrations (NASDAQ: POWI) reported strong financial results for Q1 2021, with net revenues at $173.7 million, up 58% year-over-year. Net income increased to $39.8 million or $0.65 per diluted share compared to $0.26 a year earlier. The company saw significant cash flow from operations of $58.1 million. For Q2 2021, revenues are expected to remain flat, with GAAP gross margins estimated between 49.5% and 50%. Power Integrations also announced a cash dividend of $0.13 per share and a $50 million increase in its share-repurchase authorization.
Power Integrations (Nasdaq: POWI) has launched the new HiperPFS™-4 power factor correction (PFC) controller IC, featuring an integrated Qspeed™ low reverse recovery charge boost diode. This innovation achieves over 98% full-load efficiency for applications like PCs and TVs, operating between 75 W and 400 W. The HiperPFS-4 family delivers a power factor exceeding 0.95 at loads above 20%, with 36 mW no-load power consumption at 230 VAC. Available now at a starting price of $1.56 in bulk quantities, the device simplifies designs and enhances thermal performance, meeting 80% de-rating specifications.
Power Integrations (Nasdaq: POWI) is set to announce its first-quarter financial results on April 29, 2021, post-market hours. Following the release, the company will host a conference call at 1:30 p.m. Pacific time to discuss the results. Investment community members can register for the call via a provided link, with live and archived audio webcasts accessible on the company’s website. Power Integrations is recognized for its semiconductor technologies within the clean-power sector, focusing on renewable energy generation and efficient power transmission.
Power Integrations (Nasdaq: POWI) has introduced the LNK3207 ICs as part of its LinkSwitch-TN2 AC-DC converter family. These new ICs enhance offline buck converter designs by increasing output current from 360 mA to 575 mA and reducing bill of materials (BOM) count. The LNK3207 ICs achieve over 80% efficiency with no-load consumption below 30 mW, targeting appliances like washers and coffee makers. Priced at $0.60 in volume, they also serve IoT devices and come in various packages to suit different applications.
Power Integrations (Nasdaq: POWI) announced a settlement of its legal disputes with Silanna Semiconductor and former employees. The settlement involves an unspecified cash payment from Silanna to Power Integrations, termination of the former employees, and a commitment to uphold Power Integrations' employment agreements. VP Clifford Walker emphasized the company's commitment to protecting its intellectual property and enforcing these agreements to safeguard trade secrets.
Power Integrations (Nasdaq: POWI) announces that Dr. Jennifer A. Lloyd will join its board of directors effective April 1, 2021. Dr. Lloyd brings over two decades of experience in the semiconductor industry, currently serving as vice president at Analog Devices. Her extensive technical background in analog and digital signal processing, along with her nine U.S. patents, will enhance the company’s growth strategy. The board's chairman emphasized her potential contribution to the company’s value.
Power Integrations (Nasdaq: POWI) reported a strong fourth quarter for 2020 with net revenues of $150.7 million, a 32% increase year-over-year. Net income for the quarter was $27.3 million, or $0.45 per diluted share. Full-year revenues rose 16% to $488.3 million, with net income of $71.2 million. The company anticipates flat revenue for Q1 2021, with expected GAAP gross margin around 48% and non-GAAP gross margin at approximately 49%. A quarterly dividend has been increased to $0.13 per share.
Power Integrations (Nasdaq: POWI) has appointed Sunny Gupta as the new vice president of operations, taking over from Raja Petrakian, who served since 2015. Gupta brings over 25 years of semiconductor industry experience, having previously held operations positions at Renesas Corporation and Intersil Corporation. CEO Balu Balakrishnan praised Gupta's expertise in supply chains and quality processes, while thanking Petrakian for his contributions to the company's growth.