Innovative power-IC company opens facility in ‘Silicon Valley of the
East’
SAN JOSE, Calif.--(BUSINESS WIRE)--
Power Integrations (Nasdaq: POWI),
the leader in high-voltage integrated circuits for energy-efficient
power conversion, announced the opening of a new location in Penang,
Malaysia. The facility will serve as a production-support and R&D center
as well as an operations hub from which the company will manage its
Asian supply chain. The Penang office further expands Power
Integrations’ global footprint, which includes R&D centers in Silicon
Valley (where it is also headquartered), Canada, Switzerland, and the
UK, as well as design-support centers in the Philippines and Germany,
and 19 field labs worldwide. The company officially opened the facility
earlier this month with a ceremony officiated by the Rt. Hon. Mr. Lim
Guan Eng, Chief Minister of Penang.
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Rt. Hon. Mr. Lim Guan Eng, Chief Minister of Penang and Balu Balakrishnan, President and CEO of Power Integrations celebrate the grand opening of Power Integrations Penang, Malaysia (Photo: Business Wire)
Speaking at the opening, Balu Balakrishnan, Power Integrations’
president and CEO, explained the company’s decision to locate the new
facility in Penang: “Although we are a Silicon Valley company, we are
also becoming more Asian in our culture and focus. This reflects the
fact that Asian customers account for a large percentage of our sales,
and that our supply chain - foundry, assembly and test – is based
predominately in Asia. Penang offers a strong pool of engineering talent
and a supportive business climate, particularly for technology companies
such as Power Integrations. Where better, then, to set up shop than the
‘Silicon Valley of the East’?”
The 12,000-square-foot facility currently houses 24 Power Integrations
employees, and the company expects that number to more than double over
the next decade. In order to develop talent and accelerate innovation,
the company plans to offer extensive hands-on training for employees as
well as internship programs through local institutes of higher learning,
and intends to collaborate with Collaborative Research in Engineering,
Science and Technology (CREST), a partnership of industry, academia and
government working to develop a strong ecosystem for advanced research
and engineering in Malaysia.
About Power Integrations
Power
Integrations, Inc. is a leading innovator in semiconductor
technologies for high-voltage power conversion. The company’s products
are key building blocks in the clean-power ecosystem, enabling the
generation of renewable energy as well as the efficient transmission and
consumption of power in applications ranging from milliwatts to
megawatts. For more information please visit www.power.com.
Power Integrations, and the Power Integrations logo are trademarks or
registered trademarks of Power Integrations, Inc. All other trademarks
are the property of their respective owner.
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Source: Power Integrations, Inc.