Monolithic Power Systems

Monolithic Power Systems, Inc. (NASDAQ: MPWR) is a fabless semiconductor company that designs and develops high-performance analog and mixed-signal power electronics solutions. The company's website is www.monolithicpower.com.

Founded in 1997, MPS specializes in creating smaller, single-chip power management solutions through proprietary process and packaging technologies. The company's core product families include direct current to direct current converters, alternating current to direct current converters, driver metal-oxide-semiconductor field-effect transistors, power management integrated circuits, current limit switches, and lighting control products. These solutions are characterized by high integration levels, strong accuracy, power efficiency, and reliability, enabling customers to reduce component counts, minimize form factors, and lower system costs while decreasing carbon emissions.

MPS serves six primary end markets. Storage and computing represented 26.3 percent of revenue in 2025, followed closely by enterprise data at 25.2 percent. Automotive applications accounted for 21.2 percent, communications for 11.1 percent, consumer for 9.1 percent, and industrial for 7.1 percent. The company's products are used in memory systems, storage solutions, cloud-based servers, artificial intelligence systems, advanced driver assistance systems, network infrastructure, and various consumer electronics.

The company operates a fabless manufacturing model, collaborating with third-party foundries and assembly partners located across China, Taiwan, South Korea, Singapore, and Malaysia. This approach allows MPS to focus on design and engineering while maintaining control over proprietary process technologies. The company maintains a diversified supply chain across multiple countries to mitigate operational risks and enhance continuity.

As of December 31, 2025, MPS employed 4,501 people across multiple locations in Asia, Europe, and the United States. The company distributes its products primarily through third-party distributors and value-added resellers. In 2025, three distributors accounted for 26 percent, 18 percent, and 10 percent of total revenue respectively. Approximately 92 percent of the company's revenue comes from customers in Asia, reflecting the geographic concentration of its customer base and operations.