Power Integrations Receives Award for 'Outstanding Financial Performance by a Public Company' from Fabless Semiconductor Association

December 8, 2003

SAN JOSE, Calif. - Dec. 8, 2003 - Power Integrations, Inc. (NASDAQ:POWI), a pioneer of semiconductors for energy efficient power conversion and the inventor of EcoSmart® technology, announced today that it received the award for 'Outstanding Financial Performance by a Public Company' at the Fabless Semiconductor Association's (FSA) 2003 Awards Dinner Celebration, which was held at the Santa Clara Convention Center on Dec. 4, 2003 in Santa Clara, California.

To be eligible for the 'Outstanding Financial Performance' award, a company must demonstrate that it has doubled either revenue or net-income over eight consecutive quarters ending September 2003.

"We are pleased to accept this prestigious award," said Balu Balakrishnan, CEO of Power Integrations. "We believe that our particular approach to manufacturing, which is based on using the production facilities of fully depreciated fabs, while maintaining ownership of the process, has been a key to the strength of our financial performance. 'Renting' these low-cost, trailing-edge fabs helps keep our intellectual property safe, enables cost-effective production and limits capacity issues now and well into the future."

The FSA Awards Dinner Celebration is an annual event to recognize fabless semiconductor companies who have demonstrated excellence through their success, strategy and vision.

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.

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