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TPS61042: how does it operate when Vin > Vout

Part Number: TPS61042
Other Parts Discussed in Thread: TPS92200

Team - Regarding TPS61042 - can it be used with only 1 LED at the output?

What happens when VI > VO (in the case for new battery when VI= 3.1V and VO = 2.8V)?

Thanks,

-Kevin