Power Integrations reports inducement grants for new employees
The grants include RSUs, PSUs, and PRSUs to Andrew Hughes and nine others, vesting over time.
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Power conversion IC designer and manufacturer
power.comLast updated
In short: Power Integrations appointed a new CEO, reported a 9.1% revenue increase, and expanded its GaN technology through the acquisition of Odyssey Semi.
The grants include RSUs, PSUs, and PRSUs to Andrew Hughes and nine others, vesting over time.
The designs use 1700 V-rated PowiGaN ICs, achieve 88% efficiency, and free up 30% space on main PDBs. They are optimized for liquid-cooled blade-rack architecture with reduced BOM count.
Revenue increased 3% year-over-year to $108.3 million; GAAP net income was $3.3 million.
The company will release financial results after market hours and host a conference call at 1:30 p.m. Pacific time.
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