A power supply circuit and a method for operating the power supply circuit are described. In one embodiment, a power supply circuit includes multiple power elements configured to convert an input voltage to an output voltage, a driver circuit coupled to the power elements and configured to drive the power elements, a regulator controller coupled to the power elements and configured to control the power elements for the conversion of the input voltage to the output voltage, and at least one bypass switch coupled to the power elements. The at least one bypass switch is used to bypass at least one of the power elements. Other embodiments are also described.