67 WALL STREET, New York - October 11, 2013 - The Wall Street Transcript has just published its Semiconductors Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Cloud Computing - Mobile Device Consumer Demand - Enterprise Data Storage Demand - Energy Efficiency, Cloud Computing and Telecommunications
Companies include: Power Integrations Inc. (POWI)
In the following excerpt from the Semiconductors Report, the CEO of Power Integrations discusses the outlook for his company for investors:
TWST: When we spoke back in 2011, your biggest end market was cell phones. Is that still the case, and how has your product mix shifted over the last few years? What other end markets are also important for you at this point?
Mr. Balakrishnan: Yes, it's changed quite a bit actually. Our industrial market has grown to be the number one market segment at about 35% revenue, followed by consumer, which is about 34%, so almost exactly equal. We now have almost 70% of the revenue coming from those two segments. And cell phones is about half of our communications segment, which is about 21%. So it's roughly around 10% of our revenue now. So we have really diversified our revenue into markets like industrial and consumer, which are much more fragmented, plus also higher gross margin; both industrial and consumer are high-gross-margin areas for us.
TWST: You recently announced a collaboration with Qualcomm. What form will that partnership take, and what will it mean for Power Integrations?
Mr. Balakrishnan: Qualcomm actually came to us and selected us as lead partner for their Quick Charge program. They do the chips inside the phone, and they wanted somebody to build a solution for the charger that will work with their latest Quick Charge protocol called Quick Charge 2.0, which allows you to charge the phone up to four times faster. So a typical smartphone takes a couple of hours to charge, and with the Quick Charge you can charge it in about half an hour. And so we work very closely with them and just introduced a chip about four weeks ago. And they have a complementary chip on the mobile device side, and so in combination we are the only solution available in the market to do very rapid charging.
TWST: How do you keep Power Integrations on the leading edge of technology? And what products have you recently released or do you have in development that you think are particularly promising?
For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.