A voltage-down converter ( 125 ) for providing an output voltage (Vo) lower than a power supply voltage (Vdd) of the converter is proposed. The converter includes voltage regulation means ( 205 ) for obtaining an intermediate voltage (Vr) corresponding to the output voltage from the power supply voltage by controlling a variable-conductivity element ( Tr ) with a control signal (Vg) resulting from a comparison between the intermediate voltage (Vr) and a reference voltage (Vbg), and an output stage ( 220,225 1 - 225 N ) for obtaining the output voltage from the power supply voltage by controlling a further variable-conductivity element ( Tsb,T 1 - T N ) with the control signal, wherein the further variable-conductivity element has a modular structure with at least one set ( MM,ML,MH ) of multiple basic modules ( 225 1 - 225 N ), the converter further including means ( 230,SW 1 - SW N ) for enabling and/or disabling the modules of each set in succession according to a comparison between the output voltage and the intermediate voltage.