Founded in 1946 as Institute of Physics and Mathematics at Academy of Sciences. 
Since 1950 - Institute of Physics at Academy of Sciences 
Since 1997 - Institute of Physics at University of Latvia. 
Since 2006 - agency of University of Latvia: Institute of Physics, University of Latvia (IPUL)
Until 1990 the Institute has been a multi-disciplinary research institution. Reorganization takes place in 1991-1993: laboratories of solid state physics, nuclear physics, theoretical physics and mathematics were relocated to other research institutions. Since 1994 the Institute is a research centre specializing in problems of laboratory magnetohydrodynamics and heat transfer.