International Rectifier Completes Acquisition of TechnoFusion Power Generation Systems

    EL SEGUNDO, Calif.--May 29, 2002--International Rectifier Corporation announced today that it completed its previously announced acquisition of the operations and assets of TechnoFusion, a leading maker of power generation systems for automotive electronics, from Royal Philips Electronics (AEX:PHI).
    International Rectifier is a world leader in power management technology that improves functionality, speed, compactness and portability in information technology and other end products. IR's analog ICs, advanced-circuit devices, power systems and components enable Internet hardware to gain speed and reliability, allow portable electronics to run longer off a single charge, improve automotive fuel efficiency, and cut energy consumption in home appliances and industrial motors. The company is the pioneer and market leader in the $4 billion power MOSFET industry, and over 20 companies are licensed under its power MOSFET patents. IR serves market leaders around the world, and more than half its revenue comes from outside the United States.