International Rectifier (FRA:IRF) Unearned Income

International Rectifier is a Delaware Corporation Founded 1947. The Company designs, manufactures and markets power management semiconductors. Power management semiconductors address the core challenges of power management, power performance and power conservation, by increasing system efficiency, allowing more compact end-products, improving features on electronic devices and prolonging battery life. Power semiconductors convert raw power from an electrical outlet, a battery, an alternator running off an internal combustion engine, or a hybrid electric vehicle ('HEV') or electric vehicle ('EV') and renewable energy sources into more efficient and useful power for a range of electrical and electronic systems and equipment. The Company's products include power metal oxide semiconductor field effect transistors ('MOSFETs'), high voltage analog and mixed signal integrated circuits ('HVICs'), low voltage analog and mixed signal integrated circuits ('LVICs'), digital integrated circuits ('ICs'), radiation resistant ('RAD-Hard') power MOSFETs, insulated gate bipolar transistors ('IGBTs'), high reliability DC-DC converters, digital controllers, integrated power modules, and automotive product packages. Its customers include distributors, OEMs and contract manufacturers. The majority of its products in its customer segments, including those in the PMD, ESP, AP, EP, and HiRel segments, are sold directly to OEM customers or distributors. The Company's competitors include: Fairchild, Infineon, ON Semiconductor, STMicroelectronics, Vishay, IXYS, Mitsubishi, NXP, Renesas, Toshiba, Texas Instruments, and Volterra. Federal, state, local and foreign laws and regulations impose various restrictions and controls on the storage, use and discharge of certain materials, chemicals and gases used in its semiconductor manufacturing processes, and on the operation of its facilities and equipment.