Power Integrations Files Patent-Infringement Suit Against Fairchild Semiconductor

SAN JOSE, Calif.—(BUSINESS WIRE)—Oct. 20, 2004— Power Integrations, Inc. (Nasdaq: POWI), the leading supplier of high-voltage analog integrated circuits used in power conversion, announced today that it has filed a patent-infringement lawsuit against Fairchild Semiconductor International, Inc. of South Portland, Maine. The suit, filed today in the U.S. District Court for the District of Delaware, states that certain integrated circuits produced by Fairchild infringe upon patents owned by Power Integrations. The company is seeking damages as well as an injunction prohibiting Fairchild's sale of the infringing integrated circuits.

"Power Integrations has a policy of respecting the legitimate intellectual property of others, and we expect others to honor our intellectual property as well," said Balu Balakrishnan, president and CEO of Power Integrations. "We have successfully defended our intellectual property in the past," added Balakrishnan, "and we believe that our patents will be upheld in this case."

Power Integrations is represented in the lawsuit by the firm of Fish & Richardson P.C., whose team is led by Frank Scherkenbach and Howard Pollack.

Note Regarding Forward-looking Statements

This press release contains forward-looking statements, which reflect management's current forecast of the company's future business and financial performance. These forward-looking statements are based on current information that, by its nature, is subject to rapid and even abrupt changes. Forward-looking statements are denoted by the use of such words and phrases as "believe" and other words and phrases that look toward future events or performance. Due to risks and uncertainties associated with the company's business, actual results could differ materially from those projected or implied by management's forward-looking statements. These risks and uncertainties include, but are not limited to: changes and shifts in customer demand away from products that utilize the company's integrated circuits to products that do not incorporate the company's products; the company's ability to maintain and establish strategic relationships; the effects of competition; the risks inherent in the development and delivery of complex technologies; the company's ability to attract, retain and motivate qualified personnel; the emergence of new markets for the company's products and services; the company's ability to compete in those markets based on timeliness, cost and market demand; and the company's limited financial resources. In addition, new product introductions are subject to the risks and uncertainties that typically accompany development and delivery of complex technologies to the marketplace, including product development delays and defects. These and other risk factors are more fully explained in the company's most recent annual report on Form 10-K, filed with the Securities and Exchange Commission on March 10, 2004, and its quarterly report on Form 10-Q, filed with the Securities and Exchange Commission on August 4, 2004. The company is under no obligation (and expressly disclaims any obligation) to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

About Power Integrations

Power Integrations, Inc. is the leading supplier of high-voltage analog integrated circuits used in power conversion. The company's breakthrough integrated-circuit technology enables compact, energy-efficient power supplies in a wide range of electronic products, in both AC-DC and DC-DC applications. The company's EcoSmart(R) energy-efficiency technology, which dramatically reduces energy waste, has saved consumers and businesses around the world more than an estimated $715 million on their electricity bills since its introduction in 1998. For more information, visit the company's Web site at www.powerint.com. For information on global energy-efficiency standards and EcoSmart solutions, visit the Power Integrations Green Room at www.powerint.com/greenroom.

Power Integrations, Inc.
Joe Shiffler, 408-414-8528

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