Power Integrations looks beyond Covid-19: Page 2 of 4

May 14, 2020 //By Nick Flaherty
Power Integrations looks beyond Covid-19
Balu Balakrishnan, president and CEO of Power Integrations, highlights the supply chain challenges of the Covid-19 pandemic
ample dye bank. Barring any further disruptions, we believe we have adequate supply to meet our revenue projections for the June quarter,” he said.

“We saw strong bookings in March after the extended shutdown in February across China. That was followed by a slowdown in bookings in April, though the average of March and April was consistent with our monthly run rate, which is $106 million, plus or minus $5 million.

The company saw first quarter revenues just under $110m , up 23 per cent.  The year-over-year revenue growth was driven equally by the communications and consumer categories, reflecting growth in smartphone chargers and appliances. Industrial also turned to year-over-year growth for the first time in five quarters, completing the recovery from last year's cyclical decline.

“While conditions have obviously changed since the end of the quarter, we think we are well positioned to weather the economic shock caused by the pandemic,” he said.

“The year-over-year revenue growth was driven equally by the communications and consumer categories, reflecting growth in smartphone chargers and appliances. Industrial also turned to year-over-year growth for the first time in five quarters, completing the recovery from last year's cyclical decline. While conditions have obviously changed since the end of the quarter, we think we are well positioned to weather the economic shock caused by the pandemic,” he said.

“In terms of end markets, while appliance and industrial applications will likely exhibit softness in Q2, driven by the economic slowdown, we expect sequential growth in Communications category, reflecting further adoption of faster smartphone chargers. We expect the sequential growth to be driven primarily by Chinese OEMs, which continue to roll out faster chargers at an aggressive pace,” he added.

“We are seeing a growing numbers of OEM and aftermarket chargers with high power levels, innovative form factors and multiport charging. We believe these differentiated high end designs will become an


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