MPS makes the physical power management chips that AGI infrastructure literally cannot function without — this is a pure AGI beneficiary with essentially zero disruption risk.
Monolithic Power Systems designs and sells high-performance, semiconductor-based power electronics solutions. The company specializes in integrated circuits for power management, including DC-DC converters, LED drivers, battery management, and motor drivers used across a wide range of electronic applications. MPS is known for its monolithic approach, integrating multiple functions onto a single chip to reduce size and improve efficiency. The company has become a significant beneficiary of AI data center power delivery demand.
Electronics OEMs across data center/AI, automotive, communications, industrial, and consumer markets. Key customers include major server OEMs, AI chip companies (power delivery for GPU systems), automotive tier-1 suppliers, and consumer electronics makers. Fabless model with outsourced manufacturing.
MPS designs and manufactures power management integrated circuits — physical chips that regulate voltage and power delivery in electronic systems. AGI cannot replace the laws of physics: every electronic device needs power regulation. AGI data centers require enormous, precise power management, directly increasing demand for MPS products. Customers are in automotive, data centers, industrial, telecom, and consumer electronics — overwhelmingly physical industries building physical products. Data center customers are expanding massively due to AI/AGI compute buildout. Automotive customers are electrifying vehicles. None of these customer segments face AGI elimination risk.