International Rectifier announced an agreement for the sale of its Power Control Systems (PCS) business to Vishay Intertechnology. The PCS business accounted for approximately $300 million, or about 26 percent of revenue, in IR's June-ending fiscal year 2006. The product lines included in the transaction include certain discrete planar MOSFETs, discrete diodes and rectifiers, discrete thyristors, and automotive modules and assemblies. The PCS business is being sold for approximately $290 million in cash.