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Fairchild sells military operations to IR
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Fairchild Semiconductor product story
Edited by the Electronicstalk editorial team
Apr 5, 2002
Fairchild Semiconductor has sold its military and space-related discrete power product line to International Rectifier for approximately $29.6 million cash.
Fairchild Semiconductor has sold its military and space-related discrete power product line to International Rectifier for approximately $29.6 million cash.
"The product line we've sold to International Rectifier was a small part of the portfolio we acquired when we purchased Intersil's Discrete Power Business Division in March of last year.
Since Fairchild's end-market focus has never concentrated on defence and aerospace applications, it made sense to sell this line to a mainstream defence component supplier like International Rectifier", said Kirk Pond, Fairchild's president, CEO and chairman of the board.
"Fairchild will continue to aggressively build our position as a leading supplier of high performance power and interface solutions for computing, consumer, communications, industrial and automotive applications using our two-pronged growth strategy of new product development and strategic acquisitions".
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