Power Integrtns - POWI STOCK NEWS

Power Integrations (NASDAQ: POwi) has launched PowerPros℠, a live video tech support service available 24/7, for power-supply designers globally. This service allows direct communication with application engineers to tackle real engineering challenges, including design and debugging. Rated 4.4 stars by users, 93% of queries are resolved within 72 hours. The initiative, initially piloted during the pandemic, has expanded significantly, featuring enhanced support for various applications, including industrial and consumer tech.

Power Integrations (NASDAQ:POWI) will host its Analyst Day event on September 8, 2022, in New York City. This event will showcase the company's growth strategy in high-voltage power semiconductors, focusing on their gallium-nitride technology and opportunities in electric vehicles, renewable energy, and motor drives. Prior to the event, Power Integrations will ring the NASDAQ Opening Bell on September 7, 2022, celebrating its 25th anniversary as a public company. For attendance details, visit the company's Investor Relations website.

Power Integrations (POWI), a leader in semiconductor technologies for high-voltage power-conversion, announced that CFO Sandeep Nayyar will join a fireside chat at the Deutsche Bank Technology Conference on August 31, 2022, at 4:30 p.m. Pacific Time. The event will be streamed live on the company’s investor page, providing insights into Power Integrations' role in the clean-power ecosystem and its innovative products that support renewable energy generation and efficient power consumption.

Power Integrations (NASDAQ: POWI) has launched the LinkSwitch™-TN2Q, a new automotive switcher IC supporting input voltages of 30-550 VDC. The IC offers up to 850 mA output current, enhancing efficiency without metal heatsinking. This new product boasts an increase of 230% in output current compared to previous models, catering to the growing power needs of electric vehicle electronics. The AEC-Q100 qualified ICs integrate multiple functionalities, promoting compact designs while ensuring comprehensive protection against over-voltage and thermal faults.

Power Integrations reported Q2 2022 revenues of $184 million, a 2% year-over-year increase. GAAP earnings reached $0.96 per diluted share, up from $0.68 in Q2 2021. Non-GAAP earnings increased 24% YoY to $1.03 per diluted share. Cash flow from operations was $66.8 million. Despite a weaker demand outlook due to challenges from Chinese smartphone customers and macroeconomic headwinds, the company plans to continue investing in long-term growth initiatives. They returned over $160 million to shareholders via buybacks and dividends.

Power Integrations (NASDAQ: POwi) launched new control software for three-phase BLDC motor drives, achieving over 98% efficiency while reducing PCB space by over 70%. This hardware-software solution requires only three components for current feedback, significantly simplifying designs compared to traditional approaches which need up to 30 components. The technology is tailored for residential and commercial applications like air conditioning and pumps. With MISRA C compliance and real-time adjustment capabilities, the new software enhances functionality and ease of use for engineers in motor drive development.

Power Integrations (POWI) is set to announce its second-quarter financial results on August 4, 2022, after market hours. A conference call will follow at 1:30 p.m. Pacific time. Investors can register for the call through their website. Power Integrations is recognized for its semiconductor technologies essential for renewable energy generation and power-efficient applications. This announcement is crucial for shareholders to assess the company’s performance in the second half of the year.

Power Integrations (NASDAQ:POWI) has introduced new control software for three-phase BLDC motor drives, achieving over 98.2% efficiency and reducing PCB space by 70%. This hardware-software solution uses the BridgeSwitch integrated half-bridge driver and the Motor-Expert configuration tool. The software allows real-time motor speed and torque adjustments and simplifies design by eliminating costly external components. The new solution is well-suited for various appliances, including air conditioner fans and refrigerator compressors, enhancing performance while minimizing complexity.

Power Integrations (NASDAQ: POWI) announced upcoming webcasts featuring company executives at major investor conferences. The Cowen Technology, Media & Telecom Conference is scheduled for June 2, 2022, at 2:10 p.m. ET, followed by the Stifel Cross-Sector Insight Conference on June 7, 2022, at 10:20 a.m. ET. Investors can access live and archived webcasts on the company’s investor page at investors.power.com. Power Integrations specializes in semiconductor technologies for high-voltage power-conversion and supports the clean-power ecosystem.