Power Integrations sees Covid-19 upturn: Page 3 of 3

August 05, 2020 //By Nick Flaherty
Power Integrations sees upturn driven by GaN chargers
The second half of the year will see significant growth in power chargers, although the consumer appliance business will remain flat, says Balu Balakrishnan, CEO of Power Integrations
by the pandemic, as well as seasonality in air conditioning. Longer term, we expect healthy growth from consumer market driven by growing electronic content in appliances.”

“We also expect GaN to play a significant role in consumer end market and have a number of designs in progress for TVs and appliances as well as notebook chargers and monitors and server standby power supplies in the Computing category. Overall, we remain cautious on the demand environment in light of the economic impact of the pandemic, but we are maintaining an elevated level of inventory to be prepared in the event of a sudden recovery in demand.

He sees an upturn in the rest of the year. “In Q3, we expect revenues to increase sequentially, driven by continued growth in fast-charging, up about 8% for the first nine months of the year, which would put us on track to outperform the broader analog industry by a significant margin for the full year,” he said.

www.power.com

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