Visit Power Integrations at Embedded World 2019 to learn more about our latest innovations in AC-DC converters and motor drivers.
Power Integrations today announced financial results for the quarter and year ended December 31, 2018. Net revenues for the fourth quarter were $93.3 million, down 15 percent from the prior quarter and down 14 percent from the fourth quarter of 2017. Net income was $22.7 million or $0.77 per diluted share, including a tax benefit reflecting the revision of prior estimates of the transition tax from the 2017 U.S. tax legislation.
Power Integrations, a leading innovator in semiconductor technologies for high-voltage power conversion, has entered a distribution agreement with EBV Elektronik, an Avnet company and the leading specialist in European semiconductor distribution. With the agreement, EBV will franchise Power Integrations’ complete portfolio of products, including ac-dc converter ICs, LED drivers, high-power gate drivers and the new BridgeSwitch motor drive ICs for brushless DC motors. The franchise agreement will be effective immediately.
Power Integrations (Nasdaq: POWI) will release its fourth-quarter financial results after market hours on Thursday, February 7, 2019, and will host a conference call that day beginning at 1:30 p.m. Pacific time. Members of the investment community can join the conference call by dialing 1-647-689-4187. Live and archived audio webcasts of the conference call will be available on the company’s website at http://investors.power.com.
Power Integrations today announced a new plug-and-play gate driver for use with Infineon’s PrimePACK™3+ and Fuji-equivalent IGBT modules for 2-level and 3-level applications. The SCALE-2™ 2SP0430 gate-driver board suits industrial, traction, UPS and renewable-energy applications, and provides reinforced isolation for 1200 V and 1700 V IGBT modules.