Power Integrations today announced financial results for the quarter and year ended December 31, 2020. Per-share measures for all periods have been adjusted for the 2:1 stock split effected as a stock dividend in August 2020.
Power Integrations announced that Sunny Gupta has been named the company’s vice president of operations. Mr. Gupta will lead the company’s global supply-chain, procurement and logistics functions as well as its packaging, product and test-engineering efforts.
Power Integrations will release its fourth-quarter financial results after market hours on Tuesday, February 2, 2021. The company will conduct a conference call that day beginning at 1:30 p.m. Pacific time. Members of the investment community can register for the call by visiting http://www.directeventreg.com/registration/event/4278028.
PI has been recognized by the Global Semiconductor Alliance as the Best Financially Managed Semiconductor Company with up to $1 Billion in annual sales at the 2020 GSA Awards.
Power Integrations today announced financial results for the quarter ended September 30, 2020. Net revenues for the third quarter were $121.1 million, up 13% compared to the prior quarter and up 6% from the third quarter of 2019.