International Rectifier (IR) and Sanyo Semiconductor, a wholly-owned subsidiary of Sanyo Electric Co., Ltd. have announced that they are forming a joint venture to design, develop, and market, electronic motor drive power modules for energy-efficient appliances and light industrial applications.
The new joint venture company, which will be named IR-SA Integrated Technologies, will pursue the rapidly expanding market for variable-speed motion control technology being driven by government mandates as well as consumer demand for energy efficient air-conditioners, refrigerators, washing machines. and a host of light industrial equipment.
The new company will pair International Rectifier's leading proprietary motion control product knowledge in power management electronics with Sanyo's packaging integration technologies that utilize its proprietary Insulated Metal Substrate Technology, IMST®, to deliver advanced "plug-in" solutions to appliance manufacturers worldwide.
IR and Sanyo each will own a 50 percent stake in the joint venture. IR-SA Integrated Technologies will distribute its products through the International Rectifier and Sanyo worldwide sales channels. Subject to any regulatory approvals, the joint venture will officially commence operations on Oct. 1, 2003.
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