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Monolithic Power Systems Inc MPWR Stock Quote

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Morningstar‘s Stock Analysis MPWR

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Monolithic Power's Eponymous Chips Drive Share Gains, Growth, and a Wide Moat

Business Strategy and Outlook

| William Kerwin |

We think Monolithic Power Systems is a disruptor in the power management chip market, using its proprietary process technology to differentiate from larger competitors. In our view, electrical engineers tend to buy power management semiconductors from reputable, proven vendors that use lagging-edge manufacturing. As a relative newcomer, MPS differentiates via its unique fabless model, with which it develops advanced manufacturing processes that integrate many functions on a single chip to offer a smaller form factor and greater energy efficiency to its customers. While MPS remains a small player in power management with about a 2% market share, we think revenue growth far above its largest competitors over the last four years shows its differentiated approach to power management is gaining traction in the market.

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Company Profile MPWR

Business Description

Monolithic Power Systems is an analog and mixed-signal chipmaker, specializing in power management solutions. The firm’s mission is to reduce total energy consumption in end systems, and it serves the computing, automotive, industrial, communications, and consumer end markets. MPS uses a fabless manufacturing model, partnering with third-party chip foundries to host its proprietary BCD process technology.

5808 Lake Washington Boulevard NE
Kirkland, WA, 98033
T +1 425 296-9956
Industry Semiconductors
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 2,700