Power Integrations (POWI) Names Michael Balow SVP of Worldwide Sales

With YTD returns of 101.2% as of May 5, Power Integrations, Inc. (NASDAQ:POWI) is included among the 10 Best Performing Dividend Stocks So Far in 2026.

Power Integrations (POWI) Names Michael Balow SVP of Worldwide Sales

On May 4, Power Integrations, Inc. (NASDAQ:POWI) named Michael Balow as Senior Vice President of Worldwide Sales, effective immediately. Balow is scheduled to join the company’s executive management team and take charge of its global sales organization, channel strategy, and growth efforts.

Mr. Balow brings more than 30 years of experience in semiconductor sales and business development. Most recently, he served as executive vice president of sales at onsemi, where he led a global sales team across the automotive, industrial, sensing, and power solutions markets. Jen Lloyd, president and CEO of Power Integrations, made the following statement:

“Mike brings an outstanding record of building high-performance sales organizations, along with deep knowledge of power semiconductors. He will be instrumental in strengthening our relationships with customers while accelerating our penetration of high-growth markets like data center, automotive, and industrial. We are thrilled to welcome Mike to our executive leadership team.”

Power Integrations, Inc. (NASDAQ:POWI) develops semiconductor technologies for high-voltage power conversion. Its products are widely used in the clean-power ecosystem and support renewable energy generation.

While we acknowledge the risk and potential of POWI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than POWI and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best Blue Chip Stocks to Invest In According to Billionaires and 10 Best BDC Stocks to Buy Right Now.

Disclosure: None. Follow Insider Monkey on Google News.