Power Integrations, Inc. Announces Initial Public Offering

December 12, 1997

Sunnyvale, California, December 12, 1997 -- Power Integrations, Inc. (Nasdaq:: POWI) announced today an initial public offering of 4,000,000 shares of its Common Stock at a price of $8.00 per share. Of the 4,000,000 shares, 2,100,000 are being sold by the Company and 1,900,000 are being sold by selling stockholders. The offering is being managed by Hambrecht & Quist LLC, BancAmerica Robertson Stephens and NationsBanc Montgomery Securities, Inc. Power Integrations, Inc. designs, develops and markets proprietary, high-voltage, analog integrated circuits ("ICs") for use in AC to DC power conversion. The Company's ICs cost-effectively bring the benefits of high levels of integration to AC to DC switching supplies. Copies of the final prospectus relating to the offering may be obtained from Hambrecht & Quist LLC, One Bush Street, San Francisco, CA 94104, (415) 576-3300, BancAmerica Robertson Stephens, 555 California Street, Suite 2600, San Francisco, CA 94104, (415) 781-9700 and NationsBanc Montgomery Securities, Inc., 600 Montgomery Street, San Francisco, CA 94111, (415) 672-2000.

NASDAQ: POWI $119.08 -1.23
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