![]() Balakrishnan: Qualcomm actually came to us and selected us as lead partner for their Quick Charge program. What form will that partnership take, and what will it mean for Power Integrations? TWST: You recently announced a collaboration with Qualcomm. So we have really diversified our revenue into markets like industrial and consumer, which are much more fragmented, plus also higher gross margin both industrial and consumer are high-gross-margin areas for us. So it's roughly around 10% of our revenue now. And cell phones is about half of our communications segment, which is about 21%. We now have almost 70% of the revenue coming from those two segments. Our industrial market has grown to be the number one market segment at about 35% revenue, followed by consumer, which is about 34%, so almost exactly equal. Balakrishnan: Yes, it's changed quite a bit actually. ![]() Is that still the case, and how has your product mix shifted over the last few years? What other end markets are also important for you at this point? TWST: When we spoke back in 2011, your biggest end market was cell phones. In the following excerpt from the Semiconductors Report, the CEO of Power Integrations discusses the outlook for his company for investors: ![]()
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