Monolithic Power Systems
{{Short description|U.S. information technology company}}
{{Infobox company
| name = Monolithic Power Systems, Inc.
| logo = Monolithic Power Systems Logo.svg
| trading_name = MPS
| type = Public
| traded_as = {{ubl|{{NASDAQ|MPWR}}|S&P 500 component}}
| founded = {{start date and age|1997}}
| industry = Power semiconductor
| location = {{nowrap|Kirkland, Washington, U.S.}}
| founder = Michael R. Hsing
| key_people = Michael R. Hsing (CEO)
| revenue = {{increase}} {{US$|2.21 billion|link=yes}} (2024)
| operating_income = {{increase}} {{US$|539 million}} (2024)
| net_income = {{increase}} {{US$|1.79 billion}} (2024)
| assets = {{increase}} {{US$|3.62 billion}} (2024)
| equity = {{increase}} {{US$|3.15 billion}} (2024)
| num_employees = 4,017 (2024)
| website = {{url|monolithicpower.com}}
| footnotes = {{cite web |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/0001280452/000143774925005903/mpwr20241231_10k.htm|title=US SEC: 2024 Form 10-K Monolithic Power Systems, Inc. |publisher=U.S. Securities and Exchange Commission |date=March 3, 2025 |access-date=March 9, 2025}}
}}
Monolithic Power Systems, Inc. is an American, publicly traded company headquartered in Kirkland, Washington. It operates in more than 15 locations worldwide.{{Cite web|title =MPS Worldwide Locations|url = https://www.monolithicpower.com/en/contact.html|website = MPS.com|accessdate = 2019-06-01|language = en-US}}
Monolithic Power Systems (MPS) provides power circuits for systems found in cloud computing, telecom infrastructures, automotive, industrial applications and consumer applications.{{Cite web|title =Bloomberg overview of Monolithic Power Systems|url =
https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=3051626 | website= Bloomberg.com|accessdate = 2019-07-11|language = en-US}}{{Cite web|title = Monolithic Power Systems, Inc. Short Interest Update|url = http://www.insidertradingreport.org/monolithic-power-systems-inc-short-interest-update/6187138/|website = Insider Trading Report|accessdate = 2015-12-06|language = en-US}}{{Cite web|title = James C. Moyer Sells 10,000 Shares of Monolithic Power Systems, Inc. (MPWR) Stock|url = http://www.wkrb13.com/markets/932017/james-c-moyer-sells-10000-shares-of-monolithic-power-systems-inc-mpwr-stock/|website = WKRB News|accessdate = 2015-12-06|language = en-US}}{{Cite web|title = Sunday Update: How did Monolithic Power Systems Incorporated shares perform? – The Bulletin|url = http://www.springfieldbulletin.com/sunday-update-how-did-monolithic-power-systems-incorporated-shares-perform/278326/|website = The Bulletin|accessdate = 2015-12-06|language = en-US|archive-url = https://web.archive.org/web/20170101231651/http://www.springfieldbulletin.com/sunday-update-how-did-monolithic-power-systems-incorporated-shares-perform/278326/|archive-date = 2017-01-01|url-status = usurped}}
History
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.{{Cite web|title = Earnings of $0.28 Expected for Monolithic Power Systems, Inc. (NASDAQ:MPWR)|url = http://www.themarketsdaily.com/analyst-actions/earnings-of-0-28-expected-for-monolithic-power-systems-inc-nasdaqmpwr-2/88418/|website = www.themarketsdaily.com|accessdate = 2015-12-06|publisher = The Markets Daily}}{{Cite web|title = Integrated Device Tech's ZMDI Buy To Sweeten 2017 EPS|url = http://news.investors.com/technology/120115-783165-integrated-device-technology-price-target-boosted.htm|website = Investor's Business Daily| date=December 2015 |publisher = |accessdate = 2015-12-06}}
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. {{Cite web|title=Press Releases - Investor Relations - About MPS|url=https://www.monolithicpower.com/en/about-mps/investor-relations/press-releases.html?pressrelease=390|access-date=2023-09-08|website=www.monolithicpower.com}} {{Cite web|title=Press Releases - Investor Relations - About MPS|url=https://www.monolithicpower.com/en/about-mps/investor-relations/press-releases.html?pressrelease=415|access-date=2023-09-07|website=www.monolithicpower.com}} The company also published its annual ESG report {{Cite web|title=ESG Report|url=https://media.monolithicpower.com/mps_cms_document/m/p/mps-esg-2023_report-4.pdf?_gl=1*1tn88bn*_ga*OTY0OTU3OTgxLjE1OTI5MzI0MTk.*_ga_XNRPF6L9DD*MTY4NDUyMzMwNi42LjEuMTY4NDUyNDk2NC42LjAuMA..&_ga=2.2419443.2104767743.1684523307-964957981.1592932419|access-date=2023-09-07|website=www.monolithicpower.com}} 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
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.{{Cite web|title = Monolithic Power Systems – Partners, Design Resources, FPGA & SoC|url = http://www.microsemi.com/products/fpga-soc/design-resources/partners/monolithic-power-systems|website = www.microsemi.com|accessdate = 2015-12-06}}
= Products =
File:MPS MPM3695-100 Image.jpg
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.{{Cite web|title = Monolithic Power Systems, Inc. Price Target Update|url = http://www.insidertradingreport.org/monolithic-power-systems-inc-price-target-update/6193477/|website = Insider Trading Report|accessdate = 2015-12-06|language = en-US}}{{Cite web|title = Is Buying Monolithic Power Systems, Inc. Here a Winning Strategy? – FinancialMagazin.com – Financial News Portal|url = http://www.financialmagazin.com/is-buying-monolithic-power-systems-inc-here-a-winning-strategy/|website = FinancialMagazin.com – Financial News Portal|accessdate = 2015-12-06|language = en-US}}
Locations
Monolithic Power Systems operates at 18 locations primarily in the US, Europe, and east Asia.https://www.monolithicpower.com/en/contact.html Full list of MPS locations
References
{{reflist}}
External links
{{official}}
{{Finance links
| name = Monolithic Power Systems
| symbol = MPWR
| reuters = MPWR.O
| bloomberg = MPWR:US
| sec_cik = 1280452
| yahoo = MPWR
| google = MPWR:NASDAQ
}}
{{authority control}}
Category:Companies based in Kirkland, Washington
Category:Companies listed on the Nasdaq
Category:American companies established in 1997
Category:Technology companies established in 1997
Category:2004 initial public offerings