Power Integrations Included In Business 2.0 Magazine's Second Annual "B2 100" Ranking Of Fastest-Growing Technology Companies

September 12, 2003

SAN JOSE, Calif. - Sept. 12, 2003 - Power Integrations (NASDAQ: POWI), announced today that it is included in Business 2.0's second annual B2 100, the magazine's ranking of the fastest-growing technology companies. Power Integrations ranked 73 on the list. The B2 100 is featured in the October 2003 issue of Business 2.0 magazine, on newsstands September 22nd.

To make the B2 100, companies had to meet rigorous financial requirements. The list of 100 was narrowed down from an original group of 2,000 publicly traded tech firms. Criteria for making the final list included at least three years of trading on a major U.S. stock exchange, at least $50 million in annual revenue, and positive cash flow over the most recently reported 12 months. Business 2.0 editors then ranked the companies with the help of Zacks Investment Research of Chicago, using a combination of four financial criteria: growth in revenue, profit, and operating cash flow during the past three years, and the 12-month stock return. Cash flow growth counted for 40 percent of a company's ranking; each of the other criteria counted for 20 percent.

In announcing this year's list, Business 2.0 editor Josh Quittner observed that "companies on the 2003 B2 100 have shown remarkable results in a most challenging business environment. But what the list shows is who to watch, who to watch out for, and what we can learn from the leaders. Technology is alive and well, as proven by the performance of these companies."

"We are very proud to be included in this year's Business 2.0 B2 100 ranking of the fastest growing technology companies, said Balu Balakrishnan, president and chief executive officer of Power Integrations. "In addition to our excellent financial performance, our innovative energy-saving EcoSmart® technology has saved consumers an estimated $345,000,000 to date in energy cost. Our ability to save energy has driven our revenue and earnings growth during the downturn, and we believe as more stringent energy regulations are adopted worldwide demand for our integrated circuits will increase."

Safe Harbor Statement

This press release contains forward-looking statements, which reflect management's current forecast of the company's future business and financial performance. These forward-looking statements are based on current information, which we have assessed, but which by its nature, is subject to rapid and even abrupt changes. Forward-looking statements are denoted by the use of such words and phrases as, "believe", "expect", "outlook" and similar words and phrases that look toward future events or performance. The company's actual results could differ materially from those projected or implied by our forward-looking statements due to risks and uncertainties associated with the company's business. These risks include, but are not limited to, changes and shifts in customer demand away from products that integrate the company's ICs to products that do not; our ability to maintain and establish strategic relationships; the effects of competition; the risks inherent in the development and delivery of complex technologies; our ability to attract, retain and motivate qualified personnel; the emergence of new markets for our products and services; our ability to compete in those markets based on timeliness, cost and market demand; and our limited financial resources. In addition, new product introductions are subject to the risks and uncertainties that typically accompany development and delivery of complex technologies to the market place, including product development delays and defects. We more fully discuss these and other risk factors in the company's most recent report on Form 10-K filed with the Securities and Exchange Commission on March 21, 2003. The company is under no obligation (and expressly disclaims any obligation) to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

About Power Integrations

Power Integrations, Inc. is a leading supplier of high-voltage analog integrated circuits for use in AC to DC and DC to DC power conversion. For more information, visit the company's web site at: www.powerint.com or contact the company at 5245 Hellyer Ave., San Jose, Calif. 95138; (408) 414-9200.

About BUSINESS 2.0

Business 2.0, a monthly magazine about business, technology, and innovation, is published out of The FORTUNE Group at Time Inc., an AOL Time Warner company. For more information, visit its website at www.business2.com.

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