In 2025, a Trojan horse isn’t some myth parked outside the city walls—it’s already on the grid, humming quietly, waiting for Beijing to press play.

A PWM-controlled regulator, this time using a logic gate IC, op-amp, and resistors and capacitors to buffer the PWM signal.

Q1 2025 Earnings Call Transcript May 15, 2025 Operator: Good morning, ladies and gentlemen, and welcome to the Ideal Power ...