Questions About Power Integrations' Stock

What year was POWI founded?

Power Integrations, Inc. was founded in 1988.

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What were the details of POWI's initial public offering?

The offering took place on December 12, 1997. The company sold 4,000,000 shares at a price of $8.00 per share. (The stock split 2-for-1 in 1999 and again in 2020, so in today's terms the IPO price equates to $2.00 per share.)

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Does POWI pay a dividend?

Yes, Power Integrations initiated a quarterly dividend in the fourth quarter of 2008.

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Has POWI stock ever split?

Yes, the stock split 2-for-1 in 1999. The company also executed a 2-for-1 stock split in August 2020 in the form of a stock dividend, with one additional share distributed for each outstanding share. (See IRS Form 8937 regarding the 2020 stock split.)

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When is POWI's fiscal year end?

POWI's fiscal year ends December 31.

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Who is POWI's transfer agent?

Computershare Investor Services
P.O. Box 30170
College Station, TX 77842-3170
Shareholder Services phone number:
(781) 575-2879

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Questions About Power Integrations' Business

What markets does POWI serve?

POWI supplies semiconductor products for high-voltage power conversion applications. The company sells integrated circuits and diodes for use in AC-DC power supplies and LED lighting, motor-driver ICs for brushless DC motors, and gate drivers for high-power systems such as industrial motor drives and renewable energy systems. The company's addressable market opportunity is approximately $4 billion.

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What is a power supply?

A power supply is a device that converts the power provided by electric utilities (typically high-voltage alternating current) into power that can be used to operate an electronic device (typically lower-voltage direct current). Virtually every electronic device that plugs into a wall socket requires a power supply. Power supplies are found inside many electronic products (such as major appliances and desktop PCs), while others, such as mobile phones and cordless phones, use external adapters or chargers.

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What kind of products use POWI integrated circuits?

Since virtually every electronic product that plugs into a wall needs a power supply, our addressable market is large and diverse. Our ICs can be found in all manner of electronic products, including consumer appliances, LCD monitors and TVs, PCs, LED lights, "smart" utility meters, and chargers for all manner of battery-powered devices ranging from smartphones to power tools. Our gate-driver products are used in high-power applications such as industrial motor drives, solar- and wind-energy systems, high-voltage DC transmission systems and electric locomotives.

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Does POWI manufacture its own integrated circuits?

As a fabless semiconductor company, we do not own facilities for processing silicon wafers. Our wafers are produced by foundries such as Lapis, Seiko Epson and X-Fab, using our own proprietary process technology, which we have installed at the facilities of our foundry partners. Our chips are packaged and tested by subcontractors located in Asia; we also conduct some testing at our San Jose headquarters.

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Who are POWI's customers?

We sell our ICs and diodes to companies that produce power supplies for electronic goods. Most of these companies are merchant power-supply manufacturers, who in turn sell to original equipment manufacturers (OEMs) that produce electronic products such as computers, TVs, appliances, etc. In some cases, OEMs make their own power supplies. Our ICs can be found in goods produced by many of the world's leading electronics and appliance makers, while our gate drivers are used by many of the world's leading manufacturers of industrial equipment.

Overall, approximately 25% of our sales are made directly to power-supply manufacturers and OEMs, while the remainder are through distributors of electronic components.

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Has POWI made any acquisitions?

The company has made several acquisitions over the years, the largest of which was the purchase of CT-Concept Technologie AG (Concept) in 2012, for approximately $116 million in cash. Based in Biel, Switzerland, the company was a developer of highly integrated, energy-efficient drivers for high-voltage IGBT modules, which are used in a range of high-voltage power-conversion applications including industrial motor drives, renewable energy generation, electric trains and buses,high-voltage DC transmission and medical equipment.

In January 2015 Power Integrations acquired Cambridge Semiconductor, a UK-based supplier of controller chips for low-power AC-DC power supplies.

 

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How many employees does POWI have?

As of December 31, 2019, POWI had 699 employees.

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How many patents does POWI hold?

As of December 31, 2019, POWI held 501 U.S. patents.

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NASDAQ: POWI $69.64 -0.36
-0.51% Volume: 327,689 November 25, 2020

Contact Us

Joe Shiffler
Director, Investor Relations & Corporate Communications
(408) 414-8528
joe@power.com

Literature Requests
ir@power.com

Mailing Address:
Power Integrations
Attn: Investor Relations
5245 Hellyer Avenue San Jose, CA. 95138

Transfer Agent:
Computershare
P.O. Box 30170
College Station, TX 77842
Phone: (781) 575-2879




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