Welcome to our dedicated page for Power Integrtns news (Ticker: POWI), a resource for investors and traders seeking the latest updates and insights on Power Integrtns stock.
Power Integrations Inc (POWI) provides critical components for energy-efficient power conversion across consumer electronics and industrial systems. This news hub offers investors and industry professionals centralized access to official announcements and market developments.
Track all material updates including quarterly earnings, product launches, and strategic partnerships. Our curated collection ensures timely access to filings, technology breakthroughs, and regulatory milestones relevant to POWI's role in smart energy solutions.
Discover updates spanning renewable energy applications, IoT power management innovations, and efficiency certifications. Content is organized chronologically with clear sourcing to maintain transparency and compliance with financial disclosure standards.
Bookmark this page for streamlined monitoring of POWI's advancements in analog ICs and high-voltage solutions. Combine this resource with our analysis tools for comprehensive investment research into semiconductor sector leaders.
Power Integrations (NASDAQ: POWI) has launched the SCALE-iFlex™ XLT family of dual-channel plug-and-play gate drivers. These drivers are designed for 1.2 kV to 2.3 kV IGBT modules used in renewable energy installations such as wind, solar, and energy storage. The drivers enable active thermal management, improving system utilization by up to 30% and reducing hardware complexity. Using the SCALE-2 chip set, the new gate drivers minimize component count and enhance reliability. They also offer NTC temperature readout for accurate thermal management and protection against short-circuits. The SCALE-iFlex XLT drivers are available for sampling now.
Power Integrations (NASDAQ: POWI) reported quarterly revenues of $91.7 million, with GAAP earnings of $0.07 per diluted share and non-GAAP earnings of $0.18 per diluted share. Revenues were up 2% from the prior quarter but down 14% from the first quarter of 2023. The company's GAAP net income for the first quarter was $4.0 million. Power Integrations provided a positive outlook for the second quarter, expecting higher revenues and increased gross margin, driven by improved orders and efficiency enhancements in their power-conversion technology.
Power Integrations, a leader in high-voltage integrated circuits for energy-efficient power conversion, announced the acquisition of Odyssey Semiconductor Technologies, a developer of vertical gallium-nitride (GaN) transistor technology. The transaction is expected to close in July 2024, with all key Odyssey employees joining Power Integrations. This acquisition will support the development of Power Integrations' PowiGaN™ technology, enhancing their product families and expanding their voltage and power capabilities.
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