It started with a vision. Michael Hsing, pioneering engineer and CEO, founded Monolithic Power Systems, Inc. (MPS) in 1997 with the belief that an entire power system could be integrated onto a single chip, which would greatly enhance system performance and eliminate most of the iterative design efforts. Prior to founding MPS, Michael was a Senior Silicon Technology Developer at several analog IC companies, where he developed and patented key technologies, which set new standards in the Power Electronics industry.
In order to execute his vision, he created groundbreaking enabling technologies using a fully integrated power process in a CMOS foundry. In May of 1998, a single-chip solution for powering CCFL backlighting in Notebooks was launched. The product substantially reduced the total solution cost and design complexity, as well as significantly improved power conversion. As a result, this product stormed the laptop market by taking 40% market share in 2003 and 80% in 2005.
Immediately the company diversified into DC/DC products, which again reset the industry standard. In November 2004, Michael took the company IPO. Since then, the company has grown to 6 product lines with more than 1000 products and thousands of customers. In 2013, Michael fulfilled his vision: MPS introduced an industry first – a cost effective Monolithic Power Module that truly integrates an entire power system onto a single package, entering the industry into a new era of power management.
Today with 18 years of nonstop innovation, MPS is pushing technology to an unprecedented level: 1200 volts and 80A current with the 5th generation of process technology, continuing to lead the power semiconductor industry.
Whether he is flying planes, white water kayaking, or mountain biking, Michael is constantly creating cutting-edge solutions to improve the quality of life with green, easy-to-use power solutions. Under his passionate and creative leadership, MPS has succeeded not only in developing a monolithic power module that truly integrates an entire power system in a single package, but also it continues to defy industry expectations with its patented groundbreaking technologies.
What is Michael Hsing's net worth?
The estimated net worth of Michael Hsing is at least $484.64 million as of August 8th, 2024. Mr. Hsing owns 865,332 shares of Monolithic Power Systems stock worth more than $484,637,840 as of November 21st. This net worth estimate does not reflect any other investments that Mr. Hsing may own. Additionally, Mr. Hsing receives an annual salary of $2,330,000.00 as Founder, Chairman, President & CEO at Monolithic Power Systems. Learn More about Michael Hsing's net worth.
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Has Michael Hsing been buying or selling shares of Monolithic Power Systems?
Michael Hsing has not been actively trading shares of Monolithic Power Systems during the past quarter. Most recently, Michael Hsing sold 2,790 shares of the business's stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $778.39, for a transaction totalling $2,171,708.10. Following the completion of the sale, the chief executive officer now directly owns 865,332 shares of the company's stock, valued at $673,565,775.48. Learn More on Michael Hsing's trading history.
Who are Monolithic Power Systems' active insiders?
Monolithic Power Systems' insider roster includes Theodore Blegen (CFO), Kuo Wei Chang (Director), Michael Hsing (Founder, Chairman, President & CEO), Victor Lee (Director), James Moyer (Director), Maurice Sciammas (VP), Saria Tseng (VP), Deming Xiao (Insider), and Jeff Zhou (Director). Learn More on Monolithic Power Systems' active insiders.
Are insiders buying or selling shares of Monolithic Power Systems?
In the last year, insiders at the semiconductor company sold shares 51 times. They sold a total of 347,118 shares worth more than $241,448,750.71. The most recent insider tranaction occured on November, 8th when EVP Deming Xiao sold 866 shares worth more than $662,611.24. Insiders at Monolithic Power Systems own 3.7% of the company.
Learn More about insider trades at Monolithic Power Systems. Information on this page was last updated on 11/8/2024.