On September 22, Monolithic Power rose 3.39% in regular trading, trading at $1,323.6 per share, with turnover of $293 million. The advance was supported by the continued positive impact of a recently announced strategic manufacturing partnership and broader semiconductor sector strength.

On the news front, Monolithic Power and GlobalFoundries recently signed a long-term manufacturing agreement to deploy MPS's proprietary process technology at GlobalFoundries' 300mm fabrication facility in Singapore. The collaboration aims to significantly scale production capacity for high-performance power management solutions and bolster supply chain resilience. Industry observers noted the partnership marks deeper manufacturing-level synergy in the power management chip space, with initial products expected to enter market validation on schedule.

The agreement extends the company's expansion momentum in AI power delivery, following the launch of high-integration power modules — the MPM3696-40 and MPM3685 — covering 15A to 240A current output for AI accelerator cards and server platforms. Additionally, the company reported strong Q2 results, with adjusted EPS of $6.50 beating estimates of $5.87 and revenue of $980.6 million exceeding the $903.3 million consensus, while guiding Q3 revenue of $1.14–$1.16 billion well above expectations.

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