Case 77 Monolithic Power Systems

Monolithic Power Systems, Inc. is a global fabless company which provides semiconductor-based power electronic solutions. The company was established in the year 1997. The mission of the company is to reduce energy and material consumption. The company offers compact and monolithic solutions for storage and computing, enterprise data, automotive, industrial, communications, and consumer applications. The company focuses on the analog and mixed signal IC market. The storage and computing market constituted the largest portion of the revenue for the company in the year 2022. The company sells its products through third party distributors, value-added resellers, original equipment manufacturers (OEMs), Original Design Manufacturers (ODMs), Electronic Manufacturing Service (EMS) providers, and other end customers. The products of the company are strategically positioned to have lower power loss and significant reductions in circuit board space. By December 2022, the company had 1557 patents/applications issued or pending. During the 5-year period, May 2018–April 2023, the average yearly return for the stock was 33% compared to the average yearly return of 13% for the Nasdaq Composite index. The average book value of equity as percent of market value of equity was 7.4% during the period 2018–2022.