December 24, 2002 |
International Rectifier Corp., an El Segundo-based semiconductor maker, said costs for job cuts, plant closings and write-downs will cut second-quarter earnings by $180 million to $210 million. International Rectifier didn't say how many jobs were being cut but said severance costs will be about $20 million to $25 million, more than the $15 million to $20 million previously announced. The company is cutting jobs and consolidating factories to reduce expenses.
June 2, 2000 |
International Rectifier Corp. said it expects an increase of more than 60% in fiscal 2000 sales of its chips, which are used to protect cellular phones and computers from damage caused by electrical surges. Sales are being spurred by the growing use of cellular phones and concerns by companies about malfunctions caused by power glitches, said Shelly Wagers, the company's vice president of communications.
December 6, 2000 |
International Rectifier Corp., a maker of computer chips for power supplies, said Tuesday that it agreed to buy Unisem Inc. in Irvine for about $50 million in cash to expand its line of power-management devices. Unisem's analog-based equipment manages power levels of desktop computers, cellular phones and other devices, said International Rectifier spokeswoman Shelley Wagers. Unisem's annual revenue is about $32 million. El Segundo-based International Rectifier had $753.
October 14, 2008 |
Chip maker Vishay Intertechnology Inc. said Monday that it had dropped its offer to buy El Segundo-based International Rectifier Corp.'s outstanding shares for $23 apiece. Vishay shares shot up $1.01, or 23%, to $5.40. International Rectifier shares also rose, gaining $1.49, or 10.7%, to $15.46. Malvern, Pa.
January 25, 2003 |
El Segundo-based electronic component maker International Rectifier Corp. will lay off approximately 600 workers, or about 10% of its worldwide workforce, and close five plants as the technology sector continues to struggle through a rut. Officials would not disclose Friday which of the company's 14 plants -- in California, New England, Mexico and several European countries -- would shut down until employees were notified next week.
February 6, 2009 |
International Rectifier Corp. said Thursday it would close its El Segundo semiconductor plant as part of a plan to slash its global workforce 18%. The El Segundo company announced the closure after reporting a fiscal second-quarter loss of $186.1 million, or $2.56 a share. The company reported a profit of $313,000 in the same quarter a year earlier. International Rectifier said it planned to eliminate 850 jobs in the current fiscal year, which ends June 30.