Empower Semiconductor Eyes Future Success in $6 Billion IVR Market, Timothy Phillips is Promoted to President and CEO

Feb 3, 2020 | Press Release

Milpitas, Calif., February 3, 2020 — Empower Semiconductor, the Integrated Voltage Regulator (IVR) world leader, today announced the appointment of Timothy Phillips, 47, as President and Chief Executive Officer.

          Mr. Phillips has an impressive track record of delivering profitable results while building innovative power management businesses over his 25-year career in the semiconductor industry.   Tim has been serving Empower as COO and SVP of Sales and Marketing following co-founding the company in 2014.   Previously Tim served as VP of North America for Infineon, where he was responsible for more than $600M in annual sales. Prior to joining Infineon, Tim was VP & General Manager of the Enterprise Power BU at International Rectifier.  Tim earned both his MBA and BSEE from the University of Rhode Island. He holds thirteen US patents with several others pending.

          “Tim is a proven industry leader who has demonstrated his ability to successfully drive businesses to achieve customer and shareholder value,” said Gene Sheridan, Co-founder and Executive Chairman of Empower’s board of directors. “We look forward to the next stage for Empower Semiconductor under Tim’s leadership.  His impressive market knowledge and track record coupled with our world class technology make this an exciting time for Empower.”

          “I am honored to be able to lead Empower through this next stage of product and customer development as we launch our new IVR products to market” said Phillips. “It is a great opportunity to build on the groundwork of the incredible Empower team and service our customers as we look to ramp our products in production.”

Phillips further commented, “Empower’s technology smashes through the efficiency, density and cost limits of today’s power management solutions, enabling a breakthrough in performance and size that are being demanded in the mobility, 5G, data center and AI markets.  We expect to lead this power management disruption in addressing this $6B market.”

About Empower Semiconductor

The exponential increase in the amount of data being communicated and processed around the globe is driving the energy consumption of datacenters and communications networks to 17% of total electricity demand worldwide by 2030(1), dramatically increasing pollution, carbon emissions and cost.  Empower Semiconductor was founded with the mission to “minimize the energy footprint of the digital economy” by developing novel fully integrated power management solutions that both increase the performance and reduce power consumption of energy-hungry, data-intensive applications.

Traditional power solutions require dozens of discrete components with big footprints, complex designs and deliver power inefficiently with poor response times and inaccuracies. Empower Semiconductor’s patented IVR technology integrates dozens of components into a single IC increasing efficiency, shrinking footprints by 10x and delivering power with unprecedented simplicity, speed & accuracy and with zero discrete components. The Empower IVR™ technology solves the power density challenge to address a wide range of applications including mobile, wearables, 5G, AI, and data centers. In 2020 the capacitor technology platform was added to further address power density. E-CAP revolutionized the capacitor industry as the world’s smallest, highest performing, and incredibly reliable capacitor for wearables, mobile, and SoC applications. The company is based in Milpitas, CA and is led by a team of highly experienced power experts and executives.

  1. Nature, “How to stop data centres from gobbling up the world’s electricity”, September 12, 2018

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