Product category: Power Supply ICs and Controllers
News Release from: International Rectifier
Edited by the Electronicstalk Editorial Team on 22 March 2002
IR acquires second Welsh wafer fab
International Rectifier has acquired the assets of European Semiconductor Manufacturing (ESM) and its submicron semiconductor manufacturing facility in Newport, Wales
International Rectifier has acquired the assets of European semiconductor manufacturing (ESM) and its submicron semiconductor manufacturing facility in Newport, Wales, to further support the growth in IR's proprietary products. IR's revenues from these analogue ICs, advanced circuits, and power systems grew 30% in the most recent 12 months reported and account for half of total sales.
This article was originally published on Electronicstalk on 22 March 2002 at 8.00am (UK)
Related stories
Controllers ease POL convertor design
Dual-channel synchronous buck control ICs integrate high performance drivers for medium- to high-current point-of-load buck convertors
Audio amplifier design saves space
Reference design cuts PCB board space by 50% for Class D audio amplifiers for the entire mid-voltage range of mid- and high-power amplifiers
The $81 million cash acquisition supplements IR's manufacturing operations with approximately 8000m2 of submicron wafer fabrication capacity as well as experienced engineers and operating staff.
The facility offers leading-edge mixed-signal and analog process capabilities.
Including future expansion at the Newport facility, IR plans overall capital expenditures of less than 10% of revenues annually.
Further reading
Two-device set simplifies multiphase power
Chipset provides a full-featured and flexible way to implement a complete Intel or AMD CPU power solution
Drivers cut the cost of motor control
Half-bridge, high-side and low-side driver ICs are tailored for low- and mid-voltage motor drive applications
IR reported $835 million in cash and marketable securities at the end of the December quarter.
International Rectifier Chief Executive Officer Alex Lidow said, "The acquisition represents an excellent value, and it positions IR to meet the demand for our fast-growing proprietary products over the next several years, as well as our goal of 30% overall revenue growth in fiscal 2003.
We expect to invest up to $125 million more over the next five years in line with growth needs and market conditions to bring this facility to full capacity.
At this level, we expect the fab will be able to generate $750 million of revenue annually.
At our nearby production facility in Penllergaer, Wales, we have benefited from a well trained and highly experienced work force and received valuable support from the Welsh Assembly, Welsh Development Agency, and the local community.
So we are excited about this significant opportunity in Newport as well".
Rhodri Morgan, the Welsh First Minister, said, "International Rectifier is recognised globally as one of the world's most advanced power semiconductor companies and the leader in the rapidly growing area of power management technology.
We are pleased that once again they have chosen Wales as the location for this key strategic phase of their ongoing expansion.
The new owner of this advanced semiconductor facility in Newport has a proven track record of growth, and I am delighted by their decision.
It further demonstrates their long-term commitment to the Welsh economy and is great news for ESM's staff in Newport".
• International Rectifier: contact details and other news
• Email this article to a colleague
• Register for the free Electronicstalk email newsletter
• NEW
• Electronicstalk Home Page
Related Business News
Applications/Solutions
High-performance analog ICs provide efficient, compact and dependable solutions for engine management systems, body electronics and comfort systems.
Taiwan stocks end down in biggest...
...drop in over 1 yr. Taipei, July 27 (Reuters) - Taiwan shares fell 4.22 percent on Friday to their lowest close in three weeks, marking their largest one-day percentage drop in more than a year, after a sell-off on Wall Street hurt big exporters such as TSMC .
Nippon Oil Aug refining seen flat, eyes Sudan crude
Tokyo, July 27 (Reuters) - Japan's top oil refiner Nippon Oil Corp. will keep its August processing volumes steady versus a year ago to meet summer gasoline demand and is seeking more Nile Blend crude to meet higher utility use.
Fluor Gains Eastman Chemical Gasification Plant Feed Work
Fluor Corporation announced today that it was selected by Eastman Chemical Company to provide front-end engineering and design work for a $1.6 billion gasification project along the Texas Gulf Coast.
Migao Corporation Secures Preferential Natural Gas Prices
Toronto, Ontario-- - Migao Corporation , a leading producer of specialty potash fertilizers for the Chinese market, is pleased to announce that it has negotiated preferential natural gas prices in Sichuan Province from China Petroleum & Chemical Corpora
Search the Pro-Talk network of sites
