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The Intelligent Power Select provides up to 2.5 amps at up to 5 volts, depending on power provided at CHG-IN or VBUS pins. If a 3.7V LiPo battery is the only source of power, IPSOUT will provide a bit less than 3.7 volts. In general, the voltage at IPSOUT is a bit less than voltage in, with a max voltage of 5 volts.