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Unisem to Be Sold for About $50 Million

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Bloomberg News

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 $753.3 million in fiscal 2000 sales.

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International Rectifier said it expects the acquisition to increase its percentage of revenue from proprietary products and boost earnings within 12 months.

The company’s stock rose $3.81 a share, or 12%, to $35 on the New York Stock Exchange.

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