Power Integrations pioneered the market for highly integrated power-conversion ICs, introducing the industry’s first commercially successful monolithic high-voltage IC family, TOPSwitch™, in 1994. Since then POWI has remained solely focused on the power-conversion market, building a portfolio of products designed to make power converters smaller, simpler, more reliable, easier to design and manufacture, and more energy-efficient.
POWI’s EcoSmart™ technology, which drastically reduces standby power consumption in electronic products and appliances, has eliminated billions of dollars’ worth of energy waste in electronic products since 1998, preventing millions of tons of carbon emissions. LYTSwitch™ ICs power energy-saving LED lights, while BridgeSwitch™ motor-driver ICs improve the efficiency of appliances that use brushless DC motors. SCALE™ gate drivers are critical components in clean technologies such as solar and wind power, electric vehicles and more.
The company's stock is included in numerous clean-technology indexes including The Cleantech Index and Nasdaq Clean Edge Green Energy Index.
Visit our ‘Sustainability and Citizenship’ page to learn more.
Most electronic products need power supplies to convert high-voltage AC from a wall outlet to low-voltage DC. That gives POWI a vast addressable market encompassing consumer electronics, appliances, computers, mobile-device chargers, and many industrial applications.
This market is expanding thanks to new product introductions like BridgeSwitch motor-driver chips, and thanks to technology trends such as:
Electrification of transportation as well as tools such as lawn mowers and vacuum cleaners
Faster chargers for mobile devices
Home-automation applications like USB wall outlets, smart thermostats
Track Record of Above-Market Revenue Growth
- 19% CAGR since 2018 vs. 8% for analog semiconductor market
Strong Balance Sheet, Cash Flow Generation
- $231M in cash flow from operations in 2021
- No debt
Returning Cash to Stockholders
- Dividend payer since 2008
- Share count down 6% since 2008 on share repurchases