Monolithic Power Systems

U.S. information technology company

Monolithic Power Systems, Inc.

Trade name

| MPS
Company type| Public

Traded as

* Nasdaq: MPWR
* S&P 500 component

Industry| Power semiconductor
Founded| 1997; 27 years ago (1997)
Founder| Michael R. Hsing
Headquarters| Kirkland, Washington, U.S.

Key people

| Michael R. Hsing (CEO)
Revenue|  US$1.82 billion (2023)

Operating income

|  US$482 million (2023)

Net income

|  US$427 million (2023)
Total assets|  US$2.43 billion (2023)
Total equity|  US$2.05 billion (2023)

Number of employees

| 3,564 (2023)
Website| monolithicpower.com
Footnotes / references
[1]

Monolithic Power Systems, Inc. is an American, publicly traded company headquartered in Kirkland, Washington. It operates in more than 15+ locations worldwide.[2]

Monolithic Power Systems (MPS) provides power circuits for systems found in cloud computing, telecom infrastructures, automotive, industrial applications and consumer applications.[3][4][5][6]

## History

[edit]

Monolithic Power Systems, Inc. was founded in 1997 by Michael Hsing, who is the current CEO. Prior to the founding of the corporation, Hsing worked as a Senior Silicon Technology Developer at several analog integrated circuit companies.

The company then diversified into DC/DC products. In November 2004, Hsing took the company public with an IPO. Since then, the company has grown to incorporate 13 product lines with more than 4,000 products.[7][8]

In February 2021, the company was added to the S&P 500. In 2023, the company made progress on its long-term ESG goals and diversity goals, including the addition of a second female director to its Board of Directors. [9] [10] The company also published its annual ESG report [11] and launched public commitments to reduce Scope 1 and 2 greenhouse gas emissions by 40% by 2030 and to be powered globally by 75% of Renewable Electricity by 2026.

## About

[edit]

Monolithic Power Systems is headquartered in Kirkland, Washington. The company designs, develops, and markets for communications, storage and computing, consumer electronics, industrial, and automotive markets, in addition to supporting the electrification of transportation. Monolithic Power Systems markets its products through third-party distributors and value-added resellers. It directly markets to original equipment manufacturers, original design manufacturers, and electronic manufacturing service providers in China, Taiwan, Europe, Korea, Southeast Asia, Japan, and the United States.[4][12]

### Products

[edit]

MPS's MPM3695-100 – A power module with a PMBus interface

Monolithic Power Systems provides digital, analog, and mixed-signal integrated circuits. It offers energy-efficient DC to DC converter ICs that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, set top boxes, displays, automobiles, and medical equipment. The company also provides lighting control ICs for backlighting, which are used in systems that provide the light source for LCD panels in notebook computers, LCD monitors, car navigation systems, and LCD televisions. In addition, Monolithic Power Systems supports the electrification of transportation and manufactures class D Audio Amplifier products.[13][6][14]

## Locations

[edit]

Monolithic Power Systems operates at 18 locations primarily in the US, Europe, and east Asia.[15]

## References

[edit]

1. ^ "US SEC: 2023 Form 10-K Monolithic Power Systems, Inc". U.S. Securities and Exchange Commission. February 29, 2024. Retrieved April 1, 2024.
2. ^ "MPS Worldwide Locations". MPS.com. Retrieved 2019-06-01.
3. ^ "Bloomberg overview of Monolithic Power Systems". Bloomberg.com. Retrieved 2019-07-11.
4. ^ a b "Monolithic Power Systems, Inc. Short Interest Update". Insider Trading Report. Retrieved 2015-12-06.
5. ^ "James C. Moyer Sells 10,000 Shares of Monolithic Power Systems, Inc. (MPWR) Stock". WKRB News. Retrieved 2015-12-06.
6. ^ a b "Sunday Update: How did Monolithic Power Systems Incorporated shares perform? – The Bulletin". The Bulletin. Archived from the original on 2017-01-01. Retrieved 2015-12-06.[dead link‍]
7. ^ "Earnings of $0.28 Expected for Monolithic Power Systems, Inc. (NASDAQ:MPWR)". www.themarketsdaily.com. The Markets Daily. Retrieved 2015-12-06.
8. ^ "Integrated Device Tech's ZMDI Buy To Sweeten 2017 EPS". Investor's Business Daily. December 2015. Retrieved 2015-12-06.
9. ^ "Press Releases - Investor Relations - About MPS". www.monolithicpower.com. Retrieved 2023-09-08.
10. ^ "Press Releases - Investor Relations - About MPS". www.monolithicpower.com. Retrieved 2023-09-07.
11. ^ "ESG Report" (PDF). www.monolithicpower.com. Retrieved 2023-09-07.
12. ^ "Monolithic Power Systems – Partners, Design Resources, FPGA & SoC". www.microsemi.com. Retrieved 2015-12-06.
13. ^ "Monolithic Power Systems, Inc. Price Target Update". Insider Trading Report. Retrieved 2015-12-06.
14. ^ "Is Buying Monolithic Power Systems, Inc. Here a Winning Strategy? – FinancialMagazin.com – Financial News Portal". FinancialMagazin.com – Financial News Portal. Retrieved 2015-12-06.
15. ^ https://www.monolithicpower.com/en/contact.html Full list of MPS locations

## External links

[edit]

Official website

* Business data for Monolithic Power Systems:

* Bloomberg
* Google
* Reuters
* SEC filings
* Yahoo!