© Reuters. Power Integrations could gain from Apple design win, analyst says
- Power Integrations (POWI +3.2%) moves higher in early trading after Rosenblatt analyst Jun Zhang says the company potentially secured a design win for all iPhone and iPad fast charging solutions.
- Apple’s (AAPL +0.1%) demand for the fast charging chipset reportedly would total 300M units/year at $0.50-$0.70 per chipset – a “huge win.”
- POWI would replace ON Semiconductor (ON +1.2%) and NXP Semiconductors (NXPI -1.4%) as the main provider for the charging solution for all new iPhones and iPads, and Zhang says Wall Street estimates likely do not reflect this opportunity.
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