IR and SANYO Semiconductor Form Joint Venture

July 17, 2003 by Jeff Shepard

International Rectifier Corp. (IR, El Segundo, CA) and SANYO Semiconductor, a wholly owned subsidiary of SANYO Electric Co. Ltd., announced that they are forming a joint venture to design, develop and market electronic motor drive power modules for energy-efficient appliances and light industrial applications.

The new joint venture company will be named IR-SA Integrated Technologies and will pursue the rapidly expanding market for variable speed, motion control technology being driven by government mandates, as well as consumer demand for energy-efficient air conditioners, refrigerators, washing machines and a host of light industrial equipment.

The new company will pair International Rectifier's proprietary motion control product expertise in power management electronics with SANYO's packaging integration technologies that utilize its proprietary Insulated Metal Substrate Technology, IMST®, to deliver advanced "plug-in" solutions to appliance manufacturers worldwide.

IR and SANYO each will own a 50% stake in the joint venture. IR-SA Integrated Technologies will distribute its products through the International Rectifier and SANYO worldwide sales channels. Subject to any regulatory approvals, the joint venture will officially commence operations on October 1, 2003.