Expanded Production Capacity, Highly Integrated ICs, Power Integrations Provides Escape from “Lead-Time Apocalypse”
A worldwide shortage of discrete power devices and other electronic components caused by increasing demand in the automotive market and capacity reduction following industry consolidation has many in the semiconductor business fearing a “lead-time apocalypse.” Several big-name chipmakers are quoting lead times as long as 70 weeks for new orders while industry experts predict continuing shortages far beyond 2020. Surviving the lead-time apocalypse may seem like an overwhelming task, but customers ordering Power Integrations:tm: high-voltage power ICs are currently enjoying lead times of four to eight weeks as the result of the company’s recent investment in new foundry and packaging facilities, as well as in securing raw wafer supplies. Comments VP of Operations Raja Petrakian: “We have substantially expanded our capacity over the past few quarters. Customers are benefiting from short lead times and reliable supply.” In addition, PI’s highly integrated products eliminate the need for many hard-to-source external components including MOSFETs, MLCCs and diodes, providing further relief to customers’ supply chain management challenges.