Vishay announced its intent to sell the Automotive Modules and Subsystems Business Unit (ASBU) recently acquired from International Rectifier as part of the Power Control Systems (PCS) business. The company stated that after considerable evaluation both before and after the closing of the acquisition it was concluded that the ASBU business would not satisfactorily complement Vishay's operations. Vishay had previously estimated that the entire PCS business in 2008 would have annual sales of $320 million. Without ASBU, annual sales for the remaining PCS business are now estimated to be $240 million. The reduction of the annual earnings estimates due this divestiture is projected to be $4 to $6 million. An active program to locate a buyer has been initiated.

At the end of 2006 International Rectifier sold its Power Control Systems (PCS) business for approximately $290 million in cash to Vishay. The PCS business accounted for approximately $300 million.