Monolithic Power Systems, Inc. Announces Change in BOD

MPS Appoints Seasoned Technology Leader, Parminder Johal, to its Board of Directors

Industry Veteran to Support MPS's Growth and Innovation Journey

KIRKLAND, Wash.--(BUSINESS WIRE)--Monolithic Power Systems, Inc. (MPS) (NASDAQ: MPWR), a leading global provider of power solutions, today announced the appointment of Parminder K. Johal to its board of directors, effective January 5, 2023. Mr. Johal is a seasoned technology leader with over 25 years of experience in the semiconductor industry.

Mr. Johal has held various leadership positions at Broadcom Inc. and its predecessor companies, Avago Technologies and LSI Corporation. Most recently, he served as Senior Vice President and General Manager of Broadcom's Compute and Connectivity Division. Prior to that, he led Broadcom's Wireless Connectivity Division.

Mr. Johal brings a wealth of knowledge and expertise in strategic planning, product development, and global operations to the MPS board. He has a proven track record of driving growth and innovation in the semiconductor industry. His deep understanding of the technology landscape and his strong business acumen will be valuable assets to MPS as the company continues to expand its product portfolio and global footprint.

"We are delighted to welcome Parminder to our board of directors," said Michael Hsing, CEO of MPS. "His extensive experience in the semiconductor industry and his strategic vision will be invaluable to MPS as we continue to execute our growth strategy. We believe that Parminder's insights and guidance will help us accelerate our innovation roadmap and strengthen our leadership position in the power solutions market."

"I am honored to join the board of directors of Monolithic Power Systems," said Mr. Johal. "MPS has a strong reputation for delivering innovative power solutions and has a proven track record of success. I am excited to contribute my expertise and experience to support the company's continued growth and success."

Mr. Johal holds a Master of Business Administration degree from the Wharton School of Business at the University of Pennsylvania and a Bachelor of Science degree in Electrical Engineering from the University of California, Berkeley.

About Monolithic Power Systems, Inc.

Monolithic Power Systems, Inc. (MPS) is a leading global provider of power solutions for a wide range of applications. The company's power management integrated circuits (ICs) are found in a variety of consumer, industrial, automotive, and communications products. MPS is known for its innovative designs, high-quality products, and excellent customer service. The company is headquartered in Kirkland, Washington, with operations worldwide.