Summit Microelectronics Announces Record Revenues and Profit

Brockett continued, Summit is already outperforming the industry in revenue growth, revenue-per-head and return on R&D investment. This performance has enabled us to reach our pre-tax profit goal in the twenty percent range much earlier than planned. Brockett explained that the company’s growth was driven by multiple design wins in the smart phone and tablet market segments where the need for long battery life and safe, fast charging demand the type of product technology supplied by Summit.

Additionally, Summit’s recent success was bolstered by a new line of programmable DC-DC converters winning volume designs in the communications, server, set-top box, and tablet and ultra-book PC markets.