Power Integrations, a maker of semiconductors used in consumer electronics, expects new U.S. regulations to help the company gain market share and increase sales in 2008. The new regulations are designed to force manufacturers to cut down on energy use in consumer electronics products. Power Integrations chips help reduce electricity consumption inside power connections for devices like televisions and computers. “There is a sudden feeling of urgency to do something” by manufacturers to reduce carbon emissions, Chief Executive Balu Balakrishnan said Friday in an interview. “The whole market now is pulling our product rather than we just pushing it.” Shares of San Jose-based Power Integrations jumped 27 percent Friday in Nasdaq Stock Market trading after the company reported fourth-quarter sales topped analysts’ estimates and said first-quarter revenue may also beat their predictions.
– Bloomberg News
