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Power Integrations Names Ravi Vig to Its Board of Directors
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
Power Integrations (NASDAQ: POwi) announced the appointment of Ravi Vig to its board of directors, effective April 1, 2023. Mr. Vig, who previously served as president and CEO of Allegro Microsystems, brings extensive experience in the automotive and industrial markets. He has held various leadership roles and contributed to Allegro's successful IPO in 2020. With over 60 patents in semiconductor design, his expertise is expected to strengthen Power Integrations' focus on high-voltage products for electric vehicles. Chairman William L. George expressed enthusiasm for Mr. Vig's valuable contributions amidst industry growth.
Positive
Ravi Vig's appointment is expected to enhance the board's expertise in automotive and industrial markets.
His leadership experience from Allegro and technical knowledge in semiconductor technology is valuable for Power Integrations' focus on electric vehicles.
Negative
None.
SAN JOSE, Calif.--(BUSINESS WIRE)--
Power Integrations (Nasdaq: POWI), the leader in high-voltage integrated circuits for energy-efficient power conversion, today announced that Ravi Vig will join the company’s board of directors on April 1, 2023.
From 2017 until 2022 Mr. Vig was president and CEO of Allegro Microsystems, a supplier of sensor and power ICs for the automotive and industrial markets. During his 38-year career at Allegro and its parent company, Sanken North America, Mr. Vig served in a succession of technical and managerial roles including leadership of Allegro’s sensor business unit and its business-development organization. As CEO he led the company’s 2020 initial public offering and also served on its board of directors. He currently serves on the board of directors of Anokiwave, Inc., a supplier of ICs for millimeter-wave applications.
Mr. Vig received a BS in electrical engineering from Rutgers University, an MS in electrical engineering from Dartmouth College, and an MBA from Southern New Hampshire University. He holds more than 60 patents in semiconductor and sensor design, applications, and packaging.
“We are excited to welcome Ravi Vig to our board,” commented William L. George, chairman of Power Integrations’ board of directors. “As Power Integrations works to build a leading franchise in high-voltage products for electric vehicles, Ravi’s deep technical and business expertise at a leading supplier to the automotive industry will be immensely valuable.”
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 property of their respective owners.
Ravi Vig is the newly appointed board member of Power Integrations, effective April 1, 2023. He has over 38 years of experience in the semiconductor industry and was previously president and CEO of Allegro Microsystems.
What impact will Ravi Vig's appointment have on Power Integrations?
His extensive experience in the automotive sector and knowledge of high-voltage products are expected to benefit Power Integrations, particularly in expanding its electric vehicle product offerings.
When did Ravi Vig join Power Integrations' board?
Ravi Vig joined the board of Power Integrations on April 1, 2023.
