Bala Iyer Joins Power Integrations' Board of Directors

February 24, 2004

SAN JOSE, Calif. - February 24, 2004 - Power Integrations (NASDAQ: POWI), today announced that industry veteran Bala Iyer has been appointed to its Board of Directors. From 1998 to 2003, Mr. Iyer served as a senior vice president and chief financial officer of Conexant Systems, Inc., a worldwide leader in semiconductor systems solutions for digital home information and entertainment networks.

Prior to joining Conexant Systems, Mr. Iyer worked as senior vice president and chief financial officer of VLSI Technology, Inc., now Philips Semiconductor. Before that, he also held various senior financial positions at Cypress Semiconductor and Advanced Micro Devices. He serves on the board of directors of Conexant Systems, Inc., Invitrogen Corporation, QLogic Corporation and Skyworks Solutions, Inc.

Mr. Iyer has an MBA in finance from the Wharton School at the University of Pennsylvania. He also holds a master of science degree in industrial engineering from the University of California, Berkeley, as well as a bachelor of science degree in mechanical engineering from the Indian Institute of Technology, Madras.

"We are very excited to have an independent director of Mr. Iyer's caliber on our board," said Balu Balakrishnan, president and CEO of Power Integrations. "Mr. Iyer's strong financial background will be invaluable as we take Power Integrations to the next level of growth and market leadership."

"I am delighted to join Power Integrations and to assist in the building of a world-class company," said Iyer. "I am highly impressed with the company, its technology, its record of financial and market success and its focus on capturing an increasing share of the large and growing power conversion market. It is also gratifying to know that both the environment and consumers around the world are benefiting from the company's energy-saving products."

About Power Integrations

Power Integrations is a leading supplier of high-voltage analog integrated circuits for use in power conversion. For more information, contact the company at 5245 Hellyer Avenue, San Jose, California 95138, PH: (408) 414-9200 or visit the company's web site at www.powerint.com. For information on meeting energy regulations, visit Power Integrations' Green Room at www.powerint.com/greenroom.

NASDAQ: POWI $117.24 -0.38
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