Monolithic Power Systems
| Company type | Public |
|---|---|
| Industry | Semiconductor |
| Founded | 1997 |
| Founder | Michael R. Hsing |
| Headquarters | Kirkland, Washington , United States |
Area served | Worldwide |
Key people | Michael R. Hsing (CEO) |
| Products | Power semiconductor technologies, DC/DC converters, power management integrated circuits, Class D audio amplifiers |
Number of employees | 4000+ (2024) |
| Website | www |
Monolithic Power Systems, Inc. is an American corporation publicly listed and based in Kirkland, Washington, with a presence spanning more than 15 international sites. Established in 1997 by CEO Michael R. Hsing, MPS delivers specialized power semiconductor technologies that cater to vital sectors including cloud computing, telecommunications infrastructure, automotive, industrial applications, and consumer electronics.
The company’s offerings center on power circuitry essential for optimizing energy efficiency within these industries. In 2024, MPS reported revenues of US$2.21 billion alongside an operating profit of US$539 million and a net income of US$1.79 billion, underscoring robust financial health and sustained expansion. With total assets valued at US$3.62 billion and shareholder equity of US$3.15 billion, the firm employs a global workforce exceeding 4,000 individuals.
Under the visionary guidance of founder and CEO Michael R. Hsing, MPS has broadened its reach across multiple markets by capitalizing on its expertise in power semiconductor technology, securing a substantial portion of its targeted market segments.
History
Monolithic Power Systems, Inc. was launched in 1997 by Michael Hsing, who continues to serve as CEO and previously held the position of Senior Silicon Technology Developer specializing in analog integrated circuits. Initially concentrating on DC/DC converters, the company expanded its range to encompass 13 product categories featuring over 4,000 distinct items. A pivotal moment in its trajectory came in November 2004 when Hsing spearheaded the company’s initial public offering, marking a significant phase of growth.
In February 2021, MPS was incorporated into the S&P 500, highlighting its financial strength and market prominence. By 2023, the company had enhanced its environmental, social, and governance (ESG) efforts as well as diversity policies by appointing a second female member to its Board of Directors. Furthermore, MPS pledged to cut Scope 1 and 2 greenhouse gas emissions by 40% by the year 2030 and to source 75% of its electricity from renewable resources worldwide by 2026, reflecting a firm commitment to sustainable leadership.
About
Based in Kirkland, Washington, Monolithic Power Systems designs and markets power management solutions across sectors such as communications, data storage, computing devices, consumer electronics, industrial machinery, automotive technology, and transportation electrification. Its distribution strategy involves partnerships with third-party distributors and value-added resellers while maintaining direct engagement with OEMs (Original Equipment Manufacturers), ODMs (Original Design Manufacturers), and electronic manufacturing service providers throughout China, Taiwan, Europe, Korea, Southeast Asia, Japan, and the United States.
Products
MPS manufactures digital, analog, and mixed-signal integrated circuits primarily targeting energy-efficient DC/DC converter ICs. These components support a wide array of applications including portable electronic devices, wireless LAN access points, computing systems, set-top boxes, display technologies, automotive electronics, and medical instruments. The company also produces lighting control integrated circuits designed for LCD backlighting utilized in notebooks, monitors, automotive navigation systems, and televisions. Additionally, MPS offers Class D Audio Amplifier products aimed at advancing transportation electrification efforts while strengthening its position in power management technologies.
Locations
Monolithic Power Systems operates from 18 sites distributed throughout the United States, Europe, and East Asia, facilitating its worldwide business activities and market presence.