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| (Mark One) |                                                                                                                                                                                                        |
|------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| x          | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934                                                                                                               |
|       | For the fiscal year ended June 27, 2010                                                                                                                                                                     |
| OR         |
| o          | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934                                                                                                           |
|       | For the transition period from                to                |

| Delaware(State or Other Jurisdiction ofIncorporation or Organization) | 95-1528961(IRS EmployerIdentification No.) |
|-----------------------------------------------------------------------|--------------------------------------------|

|                          | Title of Each Class    |   |   | Name of Each Exchange on Which Registered  |   |
|-------------------------------|-----------------------------|--------|--------|-------------------------------------------------|--------|
| Common Stock, par value $1.00 | The New York Stock Exchange |

| Large accelerated filer x                                           | Accelerated filer o                        |
|---------------------------------------------------------------------|--------------------------------------------|
| Non-accelerated filer o (Do not check if smaller reporting company) | Smaller reporting company o |

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TABL

| Part I                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | 1   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----|
| Item 1.                  Business                                                                                                                                                                                                                  | 1   |
| Item 1A.               Risk Factors                                                                                                                                                                                                                               | 10  |
| Item 1B.               Unresolved Staff Comments                                                                                                                                                                                                                       | 20  |
| Item 2.                   Properties                                                                                                                                                                                                               | 20  |
| Item 3.                  Legal Proceedings                                                                                                                                                                                                              | 21  |
| Item 4.                   Submission of Matters to a Vote of Security Holders                                                                                                                                                                      | 21  |
| Part II                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | 22  |
| Item 5.                   Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | 22  |
| Item 6.                   Selected Financial Data                                                                                                                                                                                                  | 25  |
| Item 7.                   Management’s Discussion and Analysis of Financial Condition and Results of Operations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | 27  |
| Item 7A.               Quantitative and Qualitative Disclosures About Market Risk                                                                                                                                                                                      | 47  |
| Item 8.                   Consolidated Financial Statements and Supplementary Data                                                                                                                                                                 | 49  |
| Item 9.                   Changes in and Disagreements with Accountants on Accounting and Financial Disclosure                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | 101 |
| Item 9A.                Controls and Procedures                                                                                                                                                                                                                   | 101 |
| Item 9B.                Other Information                                                                                                                                                                                                                         | 105 |
| Part III                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 106 |
| Item 10.                 Directors, Executive Officers and Corporate Governance                                                                                                                                                                              | 106 |
| Item 11.                 Executive Compensation                                                                                                                                                                                                              | 106 |
| Item 12.    Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | 106 |
| Item 13.                 Certain Relationships and Related Transactions                                                                                                                                                                                      | 106 |
| Item 14.                 Principle Accountant Fees and Services                                                                                                                                                                                              | 107 |
| Part IV                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | 107 |
| Item 15.                 Exhibits and Financial Statement Schedules                                                                                                                                                                                          | 107 |
| Schedule II           Valuation and Qualifying Accounts                                                                                                                                          | 118 |

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ITEM 1

|     Automotive           | Networking       |
|----------------------------------------------|------------------|
|     Industrial Motors    | Display          |
|     Consumer Electronics | Servers          |
|     Personal Computers   | Game Stations    |
|     Household Appliances | High Reliability |
|     Telecommunications   |             |

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| ·   | Providing power management solutions tailored to target market segment applications and customers’ needs.   Our business is divided into six reporting segments; Power Management Devices, Energy-Savings Products, Automotive Products, Enterprise Power, HiRel, and Intellectual Property that we call our “ongoing segments”.  With the exclusion of our IP segment, our ongoing segments are organized around the end markets and customers that they target and serve. We call these segments (excluding our IP segment) our “ongoing customer segments”, and consist of the following: |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| –   | Power Management Devices (“PMD”) –  Our PMD segment provides high performance power MOSFETs with the lowest RDS(on) and widest range of packages up to 250V within the power management semiconductor industry for a range of applications including industrial, power supply, consumer products and data processing applications.  Key products used by our PMD segment include, Trench HEXFET®MOSFETs, Discrete HEXFET®MOSFETs, Dual HEXFET®MOSFETs, and FETKYs®. |
|---------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| –   | Energy-Savings Products (“ESP”) – Our ESP segment provides integrated design platforms that enable our customers to add energy-conserving features to help achieve lower operating energy and manufacturing costs.  Our integrated design platforms incorporate our silicon packaging technology to help improve system performance.  The ESP segment’s primary market applications are focused on motor drives, inverters, welding machines, induction heating, lighting, audio amplifiers, television displays and appliances.  The ESP segment’s key products include our analog HVICs and IGBT platforms, digital control ICs and IRAM integrated power modules. The ESP segment’s iMotion platform targets the growing trend towards variable speed motors in the appliance market. |
|---------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| –   | Automotive Products (“AP”) –  Our AP segment provides high performance and energy saving solutions for a broad variety of automotive systems, ranging from typical 12V power net applications up to 1200V hybrid electric vehicle applications.  Our automotive expertise includes supplying products for various automotive applications including AC and DC motor drives of all power classes, actuator drivers, automotive lighting (such as high intensity discharge lamps), direct fuel injection for diesel and gasoline engines, hybrid electric vehicle power train and peripheral systems for micro, mid, full and plug-in hybrids for electric vehicles, as well as for body electronic systems like glow plugs, Positive Temperature Coefficient (“PTC”) heaters, electric power steering, fuel pumps, Heating Ventilation and Air Conditioning (“HVAC”) and rear wipers.  Our automotive product designs are used in application-specific solutions (application-specific integrated circuits (“ASICs”) and application-specific standard parts (“ASSPs”)) and generic high volume products for multiple original equipment manufacturer (“OEM”) platform usage. |
|---------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| –   | Enterprise Power (“EP”) – Our EP segment is focused on data center applications (such as servers, storage, routers and switches), notebooks, graphics cards, gaming consoles and other computing and consumer applications.  The large and growing server market has placed an emphasis and premium on power efficiency.  We see this trend increasing in other EP segment target applications.  We offer a broad portfolio of power management system products that deliver benchmark power density, efficiency and performance.  These products include our DirectFET® discrete products, power monitoring products, multiphase controllers, SupIRBuckTM voltage regulators and IPOWER® and GaNpowIR® power stages. |
|---------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| –   | HiRel –  Our HiRel segment provides high-reliability power components and sub-assemblies designed to address power management requirements in mission critical applications including satellites, launch vehicles, aircraft, ships, submarines, and other defense and high-reliability applications such as heavy duty industrial and biomedical applications.  Our HiRel segment has a legacy of more than thirty years of experience in this market segment, has developed strategic relationships with major system integrators worldwide and has developed the knowledge, technology and processes required to meet the requirements of customers in the high-reliability markets.  Key products of the HiRel segment include RadHard® Discretes, Power Management Modules and DC-DC Converters. |
|---------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Establishing leadership in core power management technologies.  We attempt to establish industry leadership in core technologies and expertise related to the solutions we offer, as follows: |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| –   | Proprietary process technology - Our manufacturing efforts are heavily focused on proprietary processes that support our power management products.  As products decrease in size and increase in functionality, our wafer fabrication facilities must be able to manufacture power management solutions with sub-micron pattern widths. This precision fabrication carries over to assembly and test operations, where advanced packaging technology and comprehensive testing are required to address the ever increasing performance and complexity embedded in integrated circuits. |
|---------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| –   | Packaging technology -  Innovative packaging technology can help to address growth opportunities within our business segments by helping our products to deliver better efficiency, performance and the various physical sizes required by our customers.  We have developed a number of proprietary packaging technologies to support our broad portfolio of power management semiconductors.  Our DirectFET2® package for automotive applications is an example of the use of our packaging technology adapted to a specific industry application.  This package provides the low die free package resistance, low top-side thermal impedance and low package inductance with no leadframe, no wire bonds or molding. |
|---------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| –   | Application expertise - With the world continuing its focus on energy conservation, we develop technologies that advance the state of the art in energy-efficiency for power management semiconductors.  Our technologies help address the following: thermal management, which is the management of the heat load within an application; high frequency, which is the challenge in our customer’s applications of placing components closer together that use less energy; high voltage, which is the challenge of moving a high amount of energy within an application; and cost reduction, which is the challenge of combining elements in smaller and smaller chips and smaller power management architecture at a lower cost.  We believe our products and technologies are competitive in these areas in the relevant market segments in which we compete. |
|---------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| –   | Design engineering capabilities -  Our power management semiconductors provide valuable solutions to our customers.  Our solutions solve specific design problems in energy efficient applications ranging from feature-rich consumer devices to space constrained applications such as in computing or in IT systems.  This is demonstrated by our development of the SuplRBuckTM integrated voltage regulator for Point-of-Load (“POL”) applications in conventional technologies and the development of Gallium Nitride (“GaN”) technology in emerging technologies. |
|---------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The building of an efficient and flexible manufacturing and supply chain. Our strategy is to build our products using a combination of internal factories and contract manufacturers, whether for wafer fabrication or assembly. We use our internal factories primarily to manufacture our new products and products where we utilize proprietary technologies.  We also use external contract manufacturers to supplement our internal capacity and to respond to changes in demand for wafer fabrication and back-end assembly, and to manufacture certain of our older technology products.  As part of our plan to use external contract manufacturers to more efficiently manage changes in demand, during fiscal year 2010 we added additional capacity to our existing contract wafer fabrication capacity.  We plan to add additional contract assembly capacity with the goal of achieving at least 30 percent of our wafer fabrication and 60 percent of our assembly through contract manufacturers.  During our 2009 fiscal year, we initiated plans to consolidate and close certain of our wafer fabrication facilities in Newport, Wales and El Segundo, California.  However, due to the significant increase in demand, those facilities closed as part of the consolidation plan for Newport, Wales have been reopened and the closure of the El Segundo, California facility has been delayed.   (See Note 8, “Asset Impairment, Restructuring and Other Charges” in Part II, Item 8). |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ·   | Strategic relationships with Tier One OEMs, ODMs, and Distributors.  We try to establish relations with industry leaders and distributors in each of our target markets in order to be able to deliver advanced solutions to our customers.  As part of our strategy, we bring to our customers an experienced technical sales team that is recognized for its ability to assist customers in providing power management solutions for the customers’ longer-term technology and product requirements.  These technical sales teams are comprised of account managers and field application engineers.  These teams interface with our customers and work closely with their designers to integrate our products into theirs to create greater energy efficiency.  To better understand and respond to our customers’ longer-term needs, our technical sales teams often directly communicate information from customers to the respective marketing and design center teams who address their evolving technological needs. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                   |   | Power ManagementDevices                                                                                                                                  |   | Energy-SavingProducts                                                                                                                                                   |   | Automotive Products                                                                                                                                                                                                                                                                                                                                                                                                                   |   | Enterprise Power                                                                                                                                                  |   | HiRel                                                                                                                                                                                                                |
|----------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Revenues by Fiscal year                |   |                                                                                                                                                          |   |                                                                                                                                                                         |   |                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |                                                                                                                                                                   |   |                                                                                                                                                                                                                      |
| 2010                                   |   | $345.6 million                                                                                                                                                |   | $185.4 million                                                                                                                                                               |   | $72.9 million                                                                                                                                                                                                                                                                                                                                                                                                                              |   | $128.7 million                                                                                                                                                         |   | $153.2 million                                                                                                                                                                                                            |
| 2009                                   |   | $233.7 million                                                                                                                                                |   | $151.1 million                                                                                                                                                               |   | $54.1 million                                                                                                                                                                                                                                                                                                                                                                                                                              |   | $87.5 million                                                                                                                                                          |   | $148.3 million                                                                                                                                                                                                            |
| 2008                                   |   | $329.9 million                                                                                                                                                |   | $166.3 million                                                                                                                                                               |   | $85.3 million                                                                                                                                                                                                                                                                                                                                                                                                                              |   | $160.4 million                                                                                                                                                         |   | $152.9 million                                                                                                                                                                                                            |
| Primary product function               |   | Power conversion and management with the lowest RDS(on) and widest range of packages up to 250V for a diverse range of applications.                          |   | Integrated design platforms that enable customers to add energy-conserving features that help achieve lower operating energy costs and manufacturing bill of material costs. |   | Provide high performance and energy saving solutions for a broad variety of automotive systems, ranging from typical 12V power net applications up to 1200V hybrid electric vehicle power management solutions.                                                                                                                                                                                                                            |   | Optimized power management system solutions that deliver power density, efficiency and performance in enterprise power.                                                |   | Discrete components, complex hybrid power module assemblies and rugged DC-DC converters utilize leading-edge power technology which, together with demanding environmental specifications.                                |
| Type of products                       |   | Trench HEXFET® MOSFETs, discrete HEXFET® MOSFETs, dual HEXFET® MOSFETs,FETKY®, hybrid HEXFET® MOSFETs, High Voltage DirectFET®s |   | High voltage ICs, Digital control ICs, IRAM integrated power modules, IGBTs,                                                                                                 |   | HVICs, intelligent power switch ICs, power MOSFETs including DirectFET® and IGBTs                                                                                                                                                                                                                                                                                                                                                     |   | Low voltage ICs, DirectFET®s, SupIRBuck™, XPhase® , iPOWIR® and GaNpowIR® integrated Power Stages, Low-Voltage DirectFET® Power MOSFETs |   | RAD-Hard™ MOSFETs, RAD-Hard™ ICs, power modules/hybrid solutions, motor controls, DC-DC converters                                                                                                            |
| End applications                       |   | Power supply, data processing, and industrial and commercial battery-powered                                                                                  |   | Motor control appliances, industrial automation, lighting and display, audio video,                                                                                          |   | AC and DC motor drives of all power classes, actuator drivers, automotive lighting (such as high intensity discharge lamps), direct fuel injection in diesel and gasoline engines, hybrid electric vehicle power train and peripheral systems in micro, mild, full and plug-in hybrids or electric vehicles, as well as for body electronic systems like glow plugs, PTC heater, electric power steering, fuel pumps, HVAC and rear wipers |   | Servers, storage networks, routers, and switches, infrastructure equipment, notebooks, graphic cards, gaming consoles                                                  |   | Commercial and military aircraft, launch vehicles, satellites, military ships, missiles, undersea telecommunication, submarines, oil drilling, medical devices, high reliability devices in heavy industry and biomedical |
| Major original equipment manufacturers |   | Delta, Flextronics, Samsung, Emerson, and Schneider MFG                                                                                                       |   | Samsung, LG, Kimball, Midea, Delta, and Diehl                                                                                                                                |   | Delphi, Nagares, Continental Auto, Bosch, TRW, Honda, and Alcoa                                                                                                                                                                                                                                                                                                                                                                            |   | HP, Apple, IBM, Cisco, Intel, Microsoft, and Alcatel                                                                                                                   |   | Lockheed Martin, Raytheon, GE, TYCO, Boston Scientific, Space System Loral, L-3 Communications, BAE, Boeing, Honeywell, Astrium and Northrop- Grumman                                                                     |

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| Facility and Approximate Size                                        |   | Products                                                                                                                                                                                                                                                                                          |
|----------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  Fabrication Facilities                                    |   |                                                                                                                                                                                                                                                                                              |
| Temecula, California, 500,000 sq. ft.                                |   | Wafer fabrication of HEXFET® power MOSFETs, IGBTs, FREDS, IC’s, Radiation Hardened HEXFET ® power MOSFETs, High Reliability products                                                                                                                                         |
| El Segundo, California, 301,588 sq. ft. (includes Corporate Offices) |   | Radiation Hardened HEXFET® power MOSFETs, High Reliability products                                                                                                                                                                                                                     |
| Mesa, Arizona, 35,000 sq. ft.                                        |   | Epitaxial Silicon film deposition wafer production for HEXFET ®, power MOSFETs, IGBTs and IC products                                                                                                                                                                                   |
| Newport, South Wales, U.K. 212,000 sq. ft.                           |   | Analog ICs, power MOSFETs, FREDS, IGBTs, and wafers                                                                                                                                                                                                                                          |
| St. Paul, Minnesota, 10,000 sq. ft.                                  |   | Epitaxial wafer production for Power Semiconductor Devices                                                                                                                                                                                                                                        |
|  Assembly Facilities                                       |   |                                                                                                                                                                                                                                                                                              |
| Leominster, Massachusetts, 68,000 sq. ft.                            |   | For the High Reliability market: packages, power MOSFETs, IGBTs, Rectifiers & Shottkys, Linear and Switching Voltage Regulators,  Operational Amplifiers, Rad Hard/Rad Tolerant devices for HiRel applications, Integrated Power & Control Modules, Motor Control Modules  |
| San Jose, California, 34,282 sq. ft.                                 |   | High Reliability DC/DC converters                                                                                                                                                                                                                                                            |
| Tijuana B.C., Mexico, 190,000 sq. ft.                                |   | HEXFET®, power MOSFETs, KGD, IGBT, DirectFET                                                                                                                                                                                                                                                 |

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| Segment:            |                                                                                                                                                  | Customers  |
|--------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------|
| Power Management Devices | Delta, Samsung, Flextronics, Emerson, and Schneider MFG                                                                                               |
| Energy-Saving Products   | Samsung, LG, Kimball, Midea, Delta, and Diehl                                                                                                         |
| Automotive Products      | Delphi, Nagares, Continental Auto, Bosch, TRW, Honda, and Alcoa                                                                                       |
| Enterprise Power         | HP, Apple, IBM, Cisco, Intel, Microsoft, and Alcatel                                                                                                  |
| HiRel                    | Lockheed Martin, Raytheon, GE, TYCO, Boston Scientific, Space System Loral, L-3 Communications, BAE, Boeing, Honeywell, Astrium and Northrop- Grumman |

| Segment:            |                                                                                | Competitors (alphabetical)  |
|--------------------------|-------------------------------------------------------------------------------------|----------------------------------|
| Power Management Devices | Fairchild, Infineon, ON Semiconductor, STMicroelectronics and Vishay                |
| Energy-Saving Products   | Fairchild, Infineon, IXYS, Mitsubishi, NXP, Renesas, STMicroelectronics and Toshiba |
| Automotive Products      | Fairchild, Infineon, NXP, STMicroelctronics, and Vishay                             |
| Enterprise Power         | Infineon, Intersil, Maxim, ON Semiconductor, Texas Instruments, and Volterra        |
| HiRel                    | Aeroflex, Interpoint, Microsemi and VPT                                             |

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|   | • | some of our manufacturing costs are denominated in Japanese Yen, European Union Euro, British Pound and other foreign currencies; and |
|--------|---------|---------------------------------------------------------------------------------------------------------------------------------------|

|   | • | sales of our products are denominated in Japanese Yen, European Union Euro, British Pound and other foreign currencies; and |
|--------|---------|-----------------------------------------------------------------------------------------------------------------------------|

|   | • | some property, plant and equipment purchases are denominated in Japanese Yen, European Union Euro, British Pound and other foreign currencies. |
|--------|---------|------------------------------------------------------------------------------------------------------------------------------------------------|

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ITEM 1B

ITEM 2.

| Location                      |   | Owned  | Leased  | SemiconductorFabrication  | Assembly/ModuleManufacturing  | DesignCenter  | Business/Office  |
|------------------------------------|--------|-------------|--------------|--------------------------------|------------------------------------|--------------------|-----------------------|
| El Segundo, California (U.S.A.)    | X      |        | X            |                           | X                                  |               |
| El Segundo, California (U.S.A.)    |   | X           |         |                           |                               | X                  |
| Temecula, California (U.S.A.)      | X      |        | X            |                           |                               | X                  |
| San Jose, California (U.S.A.)      |   | X           |         | X                              | X                                  | X                  |
| Irvine, California (U.S.A.)        |   | X           |         |                           | X                                  |               |
| Mesa, Arizona (U.S.A.)             | X      |        | X            |                           |                               |               |
| Durham, North Carolina (U.S.A.)    |   | X           |         |                           | X                                  |               |
| Leominster, Massachusetts (U.S.A.) | X      |        |         | X                              | X                                  | X                  |
| St. Paul, Minnesota (U.S.A.)  |   | X           | X            |                           |                               |               |
| Warwick, Rhode Island (U.S.A.)     |   | X           |         |                           | X                                  |               |
| Tijuana, Mexico                    | X      |        |         | X                              |                               | X                  |
| Oxted, England (U.K.)              | X      |        |         |                           |                               |               |
| Reigate, England (U.K.)            |   | X           |         |                           |                               | X                  |
| Newport, Wales (U.K.)              | X      |        | X            |                           | X                                  | X                  |
| Skovlunde, Denmark                 |   | X           |         |                           | X                                  |               |
| Provence, France                   |   | X           |         |                           | X                                  |               |
| Neu Isenburg, Germany              |   | X           |         |                           |                               | X                  |
| Pavia, Italy                       |   | X           |         |                           | X                                  |               |
| Singapore                          |   | X           |         |                           |                               | X                  |
| Beijing, China                     |   | X           |         |                           |                               | X                  |
| Shanghai, China                    |   | X           |         |                           |                               | X                  |
| Shenzhen, China                    |   | X           |         |                           |                               | X                  |
| Hong Kong, China                   |   | X           |         |                           |                               | X                  |
| Seoul, Korea                       |   | X           |         |                           |                               | X                  |
| Osaka, Japan                       |   | X           |         |                           |                               | X                  |
| Nagoya, Japan                      |   | X           |         |                           |                               | X                  |
| Tokyo, Japan                       |   | X           |         |                           |                               | X                  |

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ITEM 4

| Name      |   | Age  |                                                  | Position  |
|----------------|--------|-----------|-------------------------------------------------------|----------------|
| Oleg Khaykin   | 45     |      | President and Chief Executive Officer                 |
| Ilan Daskal    | 45     |      | Executive Vice President and Chief Financial Officer  |
| Michael Barrow | 56     |      | Executive Vice President and Chief Operations Officer |
| Timothy Bixler | 43     |      | Vice President, Secretary and General Counsel         |

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PART II

|           | 2011   |   |   | 2010   |   |   | 2009   |   |
|----------------|--------|--------|--------|--------|--------|--------|--------|--------|
| Fiscal Quarter | High   |   |   | Low    |   |   | High   |   |   | Low |   |   | High |   |   | Low |   |
| 1st            | $      | 20.70  | *      |   | $      | 18.07  | *      |   | $ | 20.82 |   |   | $ | 14.03 |   |   | $ | 23.00 |   |   | $ | 16.43 |   |
| 2nd            |   |   |   |   |   |   |   |   |   | 21.89 |   |   |   | 17.69 |   |   |   | 19.95 |   |   |   | 9.27 |   |
| 3rd            |   |   |   |   |   |   |   |   |   | 22.84 |   |   |   | 17.98 |   |   |   | 15.77 |   |   |   | 11.45 |   |
| 4th            |   |   |   |   |   |   |   |   |   | 25.13 |   |   |   | 18.76 |   |   |   | 18.00 |   |   |   | 12.82 |   |

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| Cumulative Total Return                       |   | End of Fiscal Year (In US Dollars) |   |
|-----------------------------------------------|--------|------------------------------------|--------|
|                                          |   | 2005                               |   |   | 2006 |   |   | 2007 |   |   | 2008 |   |   | 2009 |   |   | 2010 |   |
| International Rectifier Corporation           |   |                               | 100    |   |   |   | 82 |   |   |   | 78 |   |   |   | 41 |   |   |   | 31 |   |   |   | 42 |   |
| S&P 500 Index                        |   |                               | 100    |   |   |   | 106 |   |   |   | 126 |   |   |   | 107 |   |   |   | 77 |   |   |   | 90 |   |
| S&P 500 Index Information Technology |   |                               | 100    |   |   |   | 101 |   |   |   | 126 |   |   |   | 117 |   |   |   | 93 |   |   |   | 112 |   |
|                                          |   |                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

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| Period                           |   | Total Number ofShares Purchased |    |   | Average PricePaid per Share |   |    | Total Number ofShares Purchasedas Part ofPublicly AnnouncedPlans or Programs (1) |   |   | Maximum Number(or ApproximateDollar Value) of Sharesthat May Yet bePurchased Under thePlans or Programs |   |
|----------------------------------|--------|------------------------------------------------|---------|--------|---------------------------------------|--------|---------|----------------------------------------------------------------------------------------------------------------|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                             |   |                                           |    |   |                                  |   |    |                                                                                                           |   |   |                                                                                                                                                 |   |
| March 29, 2010 to April 25, 2010 |   |                                           | — |   |                                  | $      | — |                                                                                                           |   |   | —                                                                                                                                              |   |   | $ | 60,004,000 |   |
| April 26, 2010 to May 23, 2010   |   |                                           | 184,700 |   |                                  | $      | 19.93   |                                                                                                           |   |   | 184,700                                                                                                                                              |   |   | $ | 56,341,039 |   |
| May 24, 2010 to June 27, 2010    |   |                                           | 251,254 |   |                                  | $      | 19.56   |                                                                                                           |   |   | 251,254                                                                                                                                              |   |   | $ | 51,425,309 |   |

|   | (1) | On October 27, 2008, the Company announced that its Board of Directors had authorized a stock repurchase program of up to $100.0 million. The Company announced on July 20, 2010, that its Board of Directors had authorized an additional $50 million for the stock repurchase program bringing the total authorized for the plan to $150 million. This plan may be suspended at anytime without prior notice. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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ITEM 6

|                                                          |   | Fiscal Year Ended (2) |      |
|---------------------------------------------------------------|--------|-----------------------|-----------|
| Statements of Operations Data                                 |   | June 27, 2010         |      |   | June 28, 2009 |   |   | June 29, 2008 |   |   | July 1, 2007 |   |   | July 2, 2006 |   |
| (In thousands, except per share data)                         |   |                  |      |   |   |   |   |   |   |   |   |   |   | As Adjusted (1) |   |
| Revenues                                                      |   | $                     | 895,297   |   |   | $ | 740,419 |   |   | $ | 984,830 |   |   | $ | 1,202,469 |   |   | $ | 1,014,800 |   |
| Cost of sales                                                 |   |                  | 602,700   |   |   |   | 515,563 |   |   |   | 662,007 |   |   |   | 741,111 |   |   |   | 588,934 |   |
| Gross profit                                                  |   |                  | 292,597   |   |   |   | 224,856 |   |   |   | 322,823 |   |   |   | 461,358 |   |   |   | 425,866 |   |
| Selling, general and administrative expense                   |   |                  | 169,190   |   |   |   | 262,068 |   |   |   | 287,830 |   |   |   | 212,541 |   |   |   | 197,384 |   |
| Research and development expense                              |   |                  | 99,310    |   |   |   | 98,211 |   |   |   | 105,812 |   |   |   | 122,794 |   |   |   | 104,102 |   |
| Impairment of goodwill                                        |   |                  | —   |   |   |   | 23,867 |   |   |   | 32,624 |   |   |   | — |   |   |   | — |   |
| Amortization of acquisition-relatedintangible assets          |   |                  | 4,375     |   |   |   | 4,408 |   |   |   | 4,656 |   |   |   | 1,889 |   |   |   | 3,330 |   |
| Asset impairment, restructuring and other charges             |   |                  | 289       |   |   |   | 56,493 |   |   |   | 3,080 |   |   |   | 10,398 |   |   |   | 87 |   |
| Gain on divestiture                                           |   |                  | —   |   |   |   | (96,136 | ) |   |   | — |   |   |   | — |   |   |   | — |   |
| Operating income (loss)                                       |   |                  | 19,433    |   |   |   | (124,055 | ) |   |   | (111,179 | ) |   |   | 113,736 |   |   |   | 120,963 |   |
| Other expense (income), net                                   |   |                  | 2,019     |   |   |   | 39,717 |   |   |   | 19,423 |   |   |   | (6,257 | ) |   |   | (16,366 | ) |
| Interest (income) expense, net                                |   |                  | (11,221   | ) |   |   | (11,694 | ) |   |   | (29,093 | ) |   |   | (16,036 | ) |   |   | (6,784 | ) |
| Income (loss) from continuing operations before income taxes  |   |                  | 28,635    |   |   |   | (152,078 | ) |   |   | (101,509 | ) |   |   | 136,029 |   |   |   | 144,113 |   |
| (Benefit from) provision for income taxes                     |   |                  | (52,192   | ) |   |   | 95,339 |   |   |   | (42,268 | ) |   |   | 62,889 |   |   |   | 93,784 |   |
| Income (loss) from continuing operations                      |   | $                     | 80,827    |   |   | $ | (247,417 | ) |   | $ | (59,241 | ) |   | $ | 73,140 |   |   | $ | 50,329 |   |
| Net (loss) income per common share:                           |   |                  |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic:                                                        |   |                  |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (Loss) income from continuing operations                      |   | $                     | 1.13      |   |   | $ | (3.42 | ) |   | $ | (0.81 | ) |   | $ | 1.01 |   |   | $ | 0.71 |   |
| Diluted:                                                      |   |                  |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (Loss) income from continuing operations                      |   | $                     | 1.13      |   |   | $ | (3.42 | ) |   | $ | (0.81 | ) |   | $ | 1.00 |   |   | $ | 0.70 |   |
| Balance Sheet Data                                            |   |                  |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total cash, cash equivalents, restricted cash and investments |   | $                     | 586,590   |   |   | $ | 604,441 |   |   | $ | 745,236 |   |   | $ | 1,317,528 |   |   | $ | 1,092,628 |   |
| Total assets                                                  |   |                  | 1,440,917 |   |   |   | 1,401,307 |   |   |   | 1,868,398 |   |   |   | 2,637,490 |   |   |   | 2,500,893 |   |
| Long-term debt, less current maturities                       |   |                  | —   |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 617,540 |   |

|   | Notes: |
|--------|--------|

| 1.   | The Selected Financial Data for July 2, 2006 has been adjusted to reflect adjustments related to foreign currency gains and losses on intra-company loans.  See Note 2, “Adjustment to Opening Retained Earnings and Accumulated Other Comprehensive Income,” in Notes to Consolidated Financial Statements.  See adjusted summary financial data on page 26. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.   | No dividends were paid by the Company during the five years presented. |
|----------------|------------------------------------------------------------------------|

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| Adjusted Summary Financial Data                             |   | Year Ended July 2, 2006 |      |
|-------------------------------------------------------------|--------|-------------------------|-----------|
|                                                        |   |                    |      |   |   |   |   |   |   |
| Statements of Operations Data                               |   | As Reported             |      |   | Adjustments |   |   | As Adjusted |   |
| (In thousands, except per share data)                       |   |                    |      |   |   |   |   |   |   |
| Revenues                                                    |   | $                       | 1,014,800 |   |   | $ | — |   |   | $ | 1,014,800 |   |
| Cost of sales                                               |   |                    | 588,934   |   |   |   | — |   |   |   | 588,934 |   |
| Gross profit                                                |   |                    | 425,866   |   |   |   | — |   |   |   | 425,866 |   |
| Selling, general and administrative expense                 |   |                    | 197,384   |   |   |   | — |   |   |   | 197,384 |   |
| Research and development expense                            |   |                    | 104,102   |   |   |   | — |   |   |   | 104,102 |   |
| Amortization of acquisition-relatedintangible assets        |   |                    | 3,330     |   |   |   | — |   |   |   | 3,330 |   |
| Asset impairment, restructuring and other charges (credits) |   |                    | 87        |   |   |   | — |   |   |   | 87 |   |
| Operating income                                            |   |                    | 120,963   |   |   |   | — |   |   |   | 120,963 |   |
| Other income, net                                           |   |                    | (15,786   | ) |   |   | (580 | ) |   |   | (16,366 | ) |
| Interest income, net                                        |   |                    | (6,784    | ) |   |   | — |   |   |   | (6,784 | ) |
| Income from continuing operations before income taxes       |   |                    | 143,533   |   |   |   | 580 |   |   |   | 144,113 |   |
| Provision for income taxes                                  |   |                    | 93,784    |   |   |   | — |   |   |   | 93,784 |   |
| Income from continuing operations                           |   | $                       | 49,749    |   |   | $ | 580 |   |   | $ | 50,329 |   |
|                                                        |   |                    |      |   |   |   |   |   |   |   |   |   |
| Net income per common share:                                |   |                    |      |   |   |   |   |   |   |   |   |   |
| Basic:                                                      |   |                    |      |   |   |   |   |   |   |   |   |   |
| Income from continuing operations                           |   | $                       | 0.70      |   |   | $ | 0.01 |   |   | $ | 0.71 |   |
| Diluted:                                                    |   |                    |      |   |   |   |   |   |   |   |   |   |
| Income from continuing operations                           |   | $                       | 0.69      |   |   | $ | 0.01 |   |   | $ | 0.70 |   |

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ITEM 7.

| ·   | Overview |
|--------------------|----------|

| ·   | Results of Operations |
|--------------------|-----------------------|

| ·   | Liquidity and Capital Resources |
|--------------------|---------------------------------|

| ·   | Critical Accounting Polices and Estimates |
|--------------------|-------------------------------------------|

| ·   | Our revenues were $895.3 million, a 20.9 percent increase from the prior fiscal year. |
|--------------------|---------------------------------------------------------------------------------------|

| ·   | Our gross margin was 32.7 percent, an increase of 2.3 percentage points from 30.4 percent in the prior fiscal year. |
|--------------------|---------------------------------------------------------------------------------------------------------------------|

| ·   | Our net income was $80.8 million. |
|--------------------|-----------------------------------|

| ·   | Our earnings per share was $1.13 per share, an increase of $4.55 per share from the prior fiscal year. |
|--------------------|--------------------------------------------------------------------------------------------------------|

| ·   | We generated cash from operations of $52.2 million during fiscal year 2010 compared to a use of cash for operations of $41.7 million in the prior fiscal year.  |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                                                  |   | Fiscal Year Ended |    |
|-------------------------------------------------------|--------|-------------------|---------|
|                                                  |   | June 27, 2010     |    |   | June 28, 2009 |   |   | June 29, 2008 |   |
| Revenues                                              |   | $                 | 895.3   |   |   |   | 100.0 | % |   | $ | 740.4 |   |   |   | 100.0 | % |   | $ | 984.8 |   |   |   | 100.0 | % |
| Cost of sales                                         |   |              | 602.7   |   |   |   | 67.3 |   |   |   | 515.5 |   |   |   | 69.6 |   |   |   | 662.0 |   |   |   | 67.2 |   |
| Gross profit                                          |   |              | 292.6   |   |   |   | 32.7 |   |   |   | 224.9 |   |   |   | 30.4 |   |   |   | 322.8 |   |   |   | 32.8 |   |
| Selling, general and administrative expense           |   |              | 169.2   |   |   |   | 18.9 |   |   |   | 262.1 |   |   |   | 35.4 |   |   |   | 287.8 |   |   |   | 29.2 |   |
| Research and development expense                      |   |              | 99.3    |   |   |   | 11.1 |   |   |   | 98.2 |   |   |   | 13.3 |   |   |   | 105.8 |   |   |   | 10.7 |   |
| Impairment of goodwill                                |   |              | — |   |   |   | — |   |   |   | 23.9 |   |   |   | 3.2 |   |   |   | 32.6 |   |   |   | 3.3 |   |
| Amortization of acquisition-related intangible assets |   |              | 4.4     |   |   |   | 0.5 |   |   |   | 4.4 |   |   |   | 0.6 |   |   |   | 4.7 |   |   |   | 0.5 |   |
| Asset impairment, restructuring and other charges     |   |              | 0.3     |   |   |   | — |   |   |   | 56.5 |   |   |   | 7.6 |   |   |   | 3.1 |   |   |   | 0.4 |   |
| Gain on divestiture                                   |   |              | — |   |   |   | — |   |   |   | (96.1 | ) |   |   | (13.0 | ) |   |   | — |   |   |   | — |   |
| Operating income (loss)                               |   |              | 19.4    |   |   |   | 2.2 |   |   |   | (124.1 | ) |   |   | (16.8 | ) |   |   | (111.2 | ) |   |   | (11.3 | ) |
| Other expense (income), net                           |   |              | 2.0     |   |   |   | 0.2 |   |   |   | 39.7 |   |   |   | 5.4 |   |   |   | 19.4 |   |   |   | 2.0 |   |
| Interest income, net                                  |   |              | (11.2   | ) |   |   | (1.3 | ) |   |   | (11.7 | ) |   |   | (1.6 | ) |   |   | (29.1 | ) |   |   | (3.0 | ) |
| Income (loss) before income taxes                     |   |              | 28.6    |   |   |   | 3.2 |   |   |   | (152.1 | ) |   |   | (20.5 | ) |   |   | (101.5 | ) |   |   | (10.3 | ) |
| (Benefit from) provision for income taxes             |   |              | (52.2   | ) |   |   | (5.8 | ) |   |   | 95.3 |   |   |   | 12.9 |   |   |   | (42.3 | ) |   |   | (4.3 | ) |
| Net income (loss)                                     |   | $                 | 80.8    |   |   |   | 9.0 | % |   | $ | (247.4 | ) |   |   | (33.4 | )% |   | $ | (59.2 | ) |   |   | (6.0 | )% |

|                                              |   | Fiscal Years Ended |    |   |          |   |    |           |   |
|---------------------------------------------------|--------|--------------------|---------|--------|---------------|--------|---------|----------------|--------|
|                                              |   | June 27, 2010      |    |   | June 28, 2009 |   |    | Change         |   |
|                                              |   | Revenue            |    |   | Gross Margin  |   |    | Gross Margin % |   |   | Revenue |   |   | Gross Margin |   |   | Gross Margin % |   |   | Revenue % |   |   | Gross Margin ppt |   |
| Power Management Devices (PMD)                    |   | $                  | 345,610 |   |          | $      | 57,160  |           |   |   | 16.5 | % |   | $ | 233,737 |   |   | $ | 25,394 |   |   |   | 10.9 | % |   |   | 47.9 | % |   | 5.6ppt |   |
| Energy-Savings Products (ESP)                     |   |               | 185,404 |   |          |   | 74,696  |           |   |   | 40.3 |   |   |   | 151,090 |   |   |   | 55,430 |   |   |   | 36.7 |   |   |   | 22.7 |   |   |   | 3.6 |   |
| Automotive Products (AP)                          |   |               | 72,932  |   |          |   | 17,630  |           |   |   | 24.2 |   |   |   | 54,061 |   |   |   | 11,621 |   |   |   | 21.5 |   |   |   | 34.9 |   |   |   | 2.7 |   |
| Enterprise Power (EP)                             |   |               | 128,691 |   |          |   | 54,450  |           |   |   | 42.3 |   |   |   | 87,473 |   |   |   | 32,462 |   |   |   | 37.1 |   |   |   | 47.1 |   |   |   | 5.2 |   |
|    Commercial segments total       |   |               | 732,637 |   |          |   | 203,936 |           |   |   | 27.8 |   |   |   | 526,361 |   |   |   | 124,907 |   |   |   | 23.7 |   |   |   | 39.2 |   |   |   | 4.1 |   |
| HiRel                                             |   |               | 153,213 |   |          |   | 79,214  |           |   |   | 51.7 |   |   |   | 148,266 |   |   |   | 76,601 |   |   |   | 51.7 |   |   |   | 3.3 |   |   |   | 0.0 |   |
|    Ongoing customer segments total |   |               | 885,850 |   |          |   | 283,150 |           |   |   | 32.0 |   |   |   | 674,627 |   |   |   | 201,508 |   |   |   | 29.9 |   |   |   | 31.3 |   |   |   | 2.1 |   |
| Intellectual Property (IP)                        |   |               | 9,447   |   |          |   | 9,447   |           |   |   | 100.0 |   |   |   | 27,673 |   |   |   | 27,673 |   |   |   | 100.0 |   |   |   | (65.9 | ) |   |   | — |   |
|    Ongoing segments total          |   |               | 895,297 |   |          |   | 292,597 |           |   |   | 32.7 |   |   |   | 702,300 |   |   |   | 229,181 |   |   |   | 32.6 |   |   |   | 27.5 |   |   |   | 0.1 |   |
| Transition Services                               |   |               | — |   |          |   | — |           |   |   | — |   |   |   | 38,119 |   |   |   | (4,325 | ) |   |   | (11.3 | ) |   |   | (100.0 | ) |   |   | 11.3 |   |
|    Consolidated total              |   | $                  | 895,297 |   |          | $      | 292,597 |           |   |   | 32.7 | % |   | $ | 740,419 |   |   | $ | 224,856 |   |   |   | 30.4 | % |   |   | 20.9 | % |   | 2.3ppt |   |

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|                                              |   | Fiscal Years Ended |    |   |          |   |    |           |   |
|---------------------------------------------------|--------|--------------------|---------|--------|---------------|--------|---------|----------------|--------|
|                                              |   | June 28, 2009      |    |   | June 29, 2008 |   |    | Change         |   |
|                                              |   | Revenue            |    |   | Gross Margin  |   |    | Gross Margin % |   |   | Revenue |   |   | Gross Margin |   |   | Gross Margin % |   |   | Revenue |   |   | Gross Margin ppt |   |
| Power Management Devices (PMD)                    |   | $                  | 233,737 |   |          | $      | 25,394  |           |   |   | 10.9 | % |   | $ | 329,910 |   |   | $ | 72,255 |   |   |   | 21.9 | % |   |   | (29.2 | )% |   | (11.0)ppt |   |
| Energy-Savings Products (ESP)                     |   |               | 151,090 |   |          |   | 55,430  |           |   |   | 36.7 |   |   |   | 166,325 |   |   |   | 57,597 |   |   |   | 34.6 |   |   |   | (9.2 | ) |   |   | 2.1 |   |
| Automotive Products (AP)                          |   |               | 54,061  |   |          |   | 11,621  |           |   |   | 21.5 |   |   |   | 85,275 |   |   |   | 27,116 |   |   |   | 31.8 |   |   |   | (36.6 | ) |   |   | (10.3 | ) |
| Enterprise Power (EP)                             |   |               | 87,473  |   |          |   | 32,462  |           |   |   | 37.1 |   |   |   | 160,357 |   |   |   | 58,097 |   |   |   | 36.2 |   |   |   | (45.5 | ) |   |   | 0.9 |   |
|    Commercial segments total       |   |               | 526,361 |   |          |   | 124,907 |           |   |   | 23.7 |   |   |   | 741,867 |   |   |   | 215,065 |   |   |   | 29.0 |   |   |   | (29.0 | ) |   |   | (5.3 | ) |
| HiRel                                             |   |               | 148,266 |   |          |   | 76,601  |           |   |   | 51.7 |   |   |   | 152,855 |   |   |   | 77,053 |   |   |   | 50.4 |   |   |   | (3.0 | ) |   |   | 1.3 |   |
|    Ongoing customer segments total |   |               | 674,627 |   |          |   | 201,508 |           |   |   | 29.9 |   |   |   | 894,722 |   |   |   | 292,118 |   |   |   | 32.6 |   |   |   | (24.6 | ) |   |   | (2.7 | ) |
| Intellectual Property (IP)                        |   |               | 27,673  |   |          |   | 27,673  |           |   |   | 100.0 |   |   |   | 30,490 |   |   |   | 30,490 |   |   |   | 100.0 |   |   |   | (9.2 | ) |   |   | — |   |
|    Ongoing segments total          |   |               | 702,300 |   |          |   | 229,181 |           |   |   | 32.6 |   |   |   | 925,212 |   |   |   | 322,608 |   |   |   | 34.9 |   |   |   | (24.1 | ) |   |   | (2.3 | ) |
| Transition Services                               |   |               | 38,119  |   |          |   | (4,325  | )              |   |   | (11.3 | ) |   |   | 59,618 |   |   |   | 215 |   |   |   | 0.4 |   |   |   | (36.1 | ) |   |   | (11.7 | ) |
|    Consolidated total              |   | $                  | 740,419 |   |          | $      | 224,856 |           |   |   | 30.4 | % |   | $ | 984,830 |   |   | $ | 322,823 |   |   |   | 32.8 | % |   |   | (24.8 | )% |   | (2.4) ppt |   |

| ·   | A 29.2 percent revenue decrease in our PMD segment as a result of a slowdown in the market, a decline in demand for notebooks and other consumer related products as well as a decline in demand for our previous generation products. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | A 45.5 percent revenue decrease in our EP segment which was driven by lower sales of our game station related products, reduced content in newer game station devices and lower sales to enterprise server customers. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | A 36.6 percent revenue decrease in our AP which was a result of a slowdown in the automotive industry and production cuts in the U.S. market. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | A 9.2 percent revenue decrease in our ESP segment due to the continued slowdown in the market and a decline in our industrial and consumer appliance related products. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| (Dollar amounts in thousands)               |   | Fiscal Year EndedJune 27, 2010 |    |   |  % of Revenue |   |   | Fiscal Year EndedJune 28, 2009 |   |   | % of Revenue |   |   | Fiscal Year EndedJune 29, 2008 |   |   | % of Revenue |   | % Revenue Change 2010 vs. 2009  | % Revenue Change 2009 vs. 2008  |
|---------------------------------------------|--------|--------------------------------|---------|--------|--------------------|--------|--------|--------------------------------|--------|--------|--------------|--------|--------|--------------------------------|--------|--------|--------------|--------|--------------------------------------|--------------------------------------|
|                                        |   |                           |    |   |               |   |   |                           |   |   |         |   |   |                           |   |   |         |   |                                 |                                 |
| Selling, General and Administrative Expense |   | $                              | 169,190 |   |               |   | 18.9   | %                              |   | $      | 262,068      |   |   |                           | 35.4   | %      |         | $      | 287,830                              |                                 |   |   | 29.2 | % | (16.5) ppt | 6.2 ppt |

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| (Dollar amounts in thousands)    |   | Fiscal Year EndedJune 27, 2010 |   |   | % of Revenue |   |   | Fiscal Year EndedJune 28, 2009 |   |   | % of Revenue |   |   | Fiscal Year EndedJune 29, 2008 |   |   | % of Revenue |   | % Revenue Change 2010 vs. 2009  | % Revenue Change 2009 vs. 2008  |
|----------------------------------|--------|--------------------------------|--------|--------|--------------|--------|--------|--------------------------------|--------|--------|--------------|--------|--------|--------------------------------|--------|--------|--------------|--------|--------------------------------------|--------------------------------------|
|                             |   |                           |   |   |         |   |   |                           |   |   |         |   |   |                           |   |   |         |   |                                 |                                 |
| Research and Development Expense |   | $                              | 99,310 |   |         |   | 11.1   | %                              |   | $      | 98,211       |   |   |                           | 13.3   | %      |         | $      | 105,812                              |                                 |   |   | 10.7 | % | (2.2)ppt | 2.6 ppt |

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|                                                            |   | Fiscal Years Ended |    |
|-----------------------------------------------------------------|--------|--------------------|---------|
|                                                            |   | June 27, 2010      |    |   | June 28, 2009 |   |   | June 29, 2008 |   |
| Reported in asset impairment, restructuring and other charges   |   |               |    |   |   |   |   |   |   |
|     Asset impairment                        |   | $                  | — |   |   | $ | 48,885 |   |   | $ | — |   |
|     Severance and workforce reduction costs |   |               | 194     |   |   |   | 6,648 |   |   |   | 2,670 |   |
|     Other charges                           |   |               | 95      |   |   |   | 960 |   |   |   | 410 |   |
| Total asset impairment, restructuring and other charges         |   | $                  | 289     |   |   | $ | 56,493 |   |   | $ | 3,080 |   |

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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | Newport, Wales |    |   | El Segundo |   |    | All Other (1) |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------|---------|--------|------------|--------|---------|---------------|--------|
| Accrued severance and workforce reduction costs, July 1, 2007                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | $              | — |   |       | $      | — |          |   | $ | 826 |   |
| Charged to asset impairment, restructuring and other charges                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |           | — |   |       |   | — |          |   |   | 2,670 |   |
| Charged to operating expenses                                                                                    |   |           | — |   |       |   | — |          |   |   | 5,674 |   |
| Costs paid                                                                                                       |   |           | — |   |       |   | — |          |   |   | (8,095 | ) |
| Foreign exchange gains                                                                                           |   |           | — |   |       |   | — |          |   |   | 16 |   |
| Accrued severance and workforce reduction costs, June 29, 2008                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |           | — |   |       |   | — |          |   |   | 1,091 |   |
| Charged to asset impairment, restructuring and other charges                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |           | 1,815   |   |       |   | 3,610   |          |   |   | 1,678 |   |
| Charged to operating expenses                                                                                    |   |           | — |   |       |   | 468     |          |   |   | 238 |   |
| Costs paid                                                                                                       |   |           | (1,574  | )      |       |   | (504    | )             |   |   | (2,216 | ) |
| Foreign exchange gains                                                                                           |   |           | 118     |   |       |   | — |          |   |   | 1 |   |
| Change in provision                                                                                              |   |           | — |   |       |   | (39     | )             |   |   | (416 | ) |
| Accrued severance and workforce reduction costs, June 28, 2009                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |           | 359     |   |       |   | 3,535   |          |   |   | 376 |   |
| Charged to asset impairment, restructuring and other charges                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |           | — |   |       |   | 357     |          |   |   | — |   |
| Charged to operating expenses                                                                                    |   |           | — |   |       |   | 1,006   |          |   |   | 31 |   |
| Costs paid                                                                                                       |   |           | (347    | )      |       |   | (2      | )             |   |   | (244 | ) |
| Foreign exchange gains                                                                                           |   |           | (12     | )      |       |   | — |          |   |   | — |   |
| Change in provision                                                                                              |   |           | — |   |       |   | — |          |   |   | (163 | ) |
| Accrued severance and workforce reduction costs, June 27, 2010                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | $              | — |   |       | $      | 4,896   |          |   | $ | — |   |

| (1) | All Other includes accruals related to Research and Development Facility, the Divestiture, and Other Activities and Charges. |
|-----|------------------------------------------------------------------------------------------------------------------------------|

|                                                                       |   | Newport, Wales |    |   | El Segundo |   |    | Research & Development Facility |   |   | Divestiture and Other Charges |   |   | Total  |    |
|----------------------------------------------------------------------------|--------|----------------|---------|--------|------------|--------|---------|-------------------------------------|--------|--------|-------------------------------|--------|--------|--------|---------|
| Fiscal 2008 reported in asset impairment, restructuring and other charges: |   |           |    |   |       |   |    |                                |   |   |                          |   |   |   |    |
|     Severance and workforce reduction costs            |   | $              | — |   |       | $      | — |                                |   | $      | 2,670                         |   |   | $      | — |   |   | $ | 2,670 |   |
|     Other charges                                      |   |           | — |   |       |   | — |                                |   |   | 410                           |   |   |   | — |   |   |   | 410 |   |
| Total fiscal 2008 asset impairment, restructuring and other charges        |   | $              | — |   |       | $      | — |                                |   | $      | 3,080                         |   |   | $      | — |   |   | $ | 3,080 |   |
|                                                                       |   |           |    |   |       |   |    |                                |   |   |                          |   |   |   |    |   |   |   |   |   |
| Fiscal 2009 reported in asset impairment, restructuring and other charges: |   |           |    |   |       |   |    |                                |   |   |                          |   |   |   |    |   |   |   |   |   |
|     Asset impairment                                   |   | $              | 48,885  |   |       | $      | — |                                |   | $      | —                       |   |   | $      | — |   |   | $ | 48,885 |   |
|     Severance and workforce reduction costs            |   |           | 1,815   |   |       |   | 3,571   |                                |   |   | 381                           |   |   |   | 881     |   |   |   | 6,648 |   |
|     Other charges                                      |   |           | 33      |   |       |   | 654     |                                |   |   | 273                           |   |   |   | — |   |   |   | 960 |   |
| Fiscal 2009 total asset impairment, restructuring and other charges        |   | $              | 50,733  |   |       | $      | 4,225   |                                |   | $      | 654                           |   |   | $      | 881     |   |   | $ | 56,493 |   |
|                                                                       |   |           |    |   |       |   |    |                                |   |   |                          |   |   |   |    |   |   |   |   |   |
| Fiscal 2010 reported in asset impairment, restructuring and other charges: |   |           |    |   |       |   |    |                                |   |   |                          |   |   |   |    |   |   |   |   |   |
|     Asset impairment                                   |   | $              | — |   |       | $      | — |                                |   | $      | —                       |   |   | $      | — |   |   | $ | — |   |
|     Severance and workforce reduction costs            |   |           | — |   |       |   | 357     |                                |   |   | (47                           | )      |   |   | (116    | ) |   |   | 194 |   |
|     Other charges                                      |   |           | — |   |       |   | — |                                |   |   | 95                            |   |   |   | — |   |   |   | 95 |   |
| Fiscal 2010 total asset impairment, restructuring and other charges        |   | $              | — |   |       | $      | 357     |                                |   | $      | 48                            |   |   | $      | (116    | ) |   | $ | 289 |   |

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|                                                                   |   |   |    |   | Payments Due by Period |   |
|------------------------------------------------------------------------|--------|--------|---------|--------|------------------------|--------|
| Contractual Obligations                                           |   | Total  |    |   | Less than1 Year   |   |   | 1 - 2Years |   |   | 2 - 3Years |   |   | 3 - 4Years |   |   | 4 - 5Years |   |   | 5 Years &Thereafter |   |
| Operating leases (1)                                                   |   | $      | 13,796  |   |                   | $      | 7,630 |   |   | $ | 2,921 |   |   | $ | 1,864 |   |   | $ | 839 |   |   | $ | 468 |   |   | $ | 74 |   |
| Purchase commitments:                                                  |   |   |    |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      Capital purchase obligations             |   |   | 18,279  |   |                   |   | 18,279 |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
|      Take or pay foundry purchase obligations |   |   | 11,700  |   |                   |   | 4,680 |   |   |   | 4,680 |   |   |   | 2,340 |   |   |   | — |   |   |   | — |   |   |   | — |   |
|      Other purchase obligations               |   |   | 60,295  |   |                   |   | 54,267 |   |   |   | 2,488 |   |   |   | 2,488 |   |   |   | 754 |   |   |   | 298 |   |   |   | — |   |
| Total contractual obligations                                          |   | $      | 104,070 |   |                   | $      | 84,856 |   |   | $ | 10,089 |   |   | $ | 6,692 |   |   | $ | 1,593 |   |   | $ | 766 |   |   | $ | 74 |   |

|                                        |   | Amount of Commitment by Expiration Period |   |
|---------------------------------------------|--------|-------------------------------------------|--------|
| Commercial commitments                      |   | Total                                     |   |   | 2011 |   |   | 2012 |   |   | 2013 |   |   | 2014 |   |   | Thereafter |   |
| Bank guarantees and letters of credit (1)   |   | $                                         | 2,405  |   |   | $ | 2,405 |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |
| Total bank guarantees and letters of credit |   | $                                         | 2,405  |   |   | $ | 2,405 |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |

| (1)   | These represent our off-balance sheet arrangements. |
|-----------------|-----------------------------------------------------|

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|                                          |   | Fiscal Year Ended |    |
|-----------------------------------------------|--------|-------------------|---------|
|                                          |   | June 27, 2010     |    |   | June 28, 2009 |   |
| Cash and cash equivalents                     |   | $                 | 229,789 |   |   | $ | 365,761 |   |
| Investments                                   |   |              | 353,135 |   |   |   | 234,755 |   |
| Total cash, cash equivalents, and investments |   | $                 | 582,924 |   |   | $ | 600,516 |   |

|                                                  |   | Fiscal Year Ended |     |
|-------------------------------------------------------|--------|-------------------|----------|
|                                                  |   | June 27, 2010     |     |   | June 28, 2009 |   |   | June 29, 2008 |   |
| Cash flows provided by (used in) operating activities |   | $                 | 52,229   |   |   | $ | (41,711 | ) |   | $ | 36,400 |   |
| Cash flows (used in) provided by investing activities |   |              | (167,456 | ) |   |   | 109,608 |   |   |   | (12,687 | ) |
| Cash flows (used in) provided by financing activities |   |              | (19,213  | ) |   |   | (19,190 | ) |   |   | (554,950 | ) |
| Effect of exchange rates                              |   |              | (1,532   | ) |   |   | (3,410 | ) |   |   | (1,339 | ) |
| Net (decrease) increase in cash and cash equivalents  |   | $                 | (135,972 | ) |   | $ | 45,297 |   |   | $ | (532,576 | ) |

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|                                    |   | June 27, |    |   | June 28, |   |    |   |   |
|-----------------------------------------|--------|----------|---------|--------|----------|--------|---------|--------|--------|
|                                    |   | 2010     |    |   | 2009     |   |    | Change |   |
| Current Assets                          |   |     |    |   |     |   |    |   |   |
| Cash and cash equivalents               |   | $        | 229,789 |   |     | $      | 365,761 |   |   | $ | (135,972 | ) |
| Restricted cash                         |   |     | 1,913   |   |     |   | 3,925   |   |   |   | (2,012 | ) |
| Short-term investments                  |   |     | 309,384 |   |     |   | 113,247 |   |   |   | 196,137 |   |
| Trade accounts receivable, net          |   |     | 156,753 |   |     |   | 98,515  |   |   |   | 58,238 |   |
| Inventories                             |   |     | 170,168 |   |     |   | 151,121 |   |   |   | 19,047 |   |
| Current deferred tax assets             |   |     | 2,085   |   |     |   | 1,223   |   |   |   | 862 |   |
| Prepaid expenses and other receivables  |   |     | 40,243  |   |     |   | 27,613  |   |   |   | 12,630 |   |
| Total current assets                    |   | $        | 910,335 |   |     | $      | 761,405 |   |   | $ | 148,930 |   |
|                                    |   |     |    |   |     |   |    |   |   |   |   |   |
| Current Liabilities                     |   |     |    |   |     |   |    |   |   |   |   |   |
| Accounts payable                        |   | $        | 94,646  |   |     | $      | 62,570  |   |   | $ | 32,076 |   |
| Accrued income taxes                    |   |     | 5,764   |   |     |   | 6,830   |   |   |   | (1,066 | ) |
| Accrued salaries, wages and commissions |   |     | 32,279  |   |     |   | 22,325  |   |   |   | 9,954 |   |
| Current deferred tax liabilities        |   |     | 1,686   |   |     |   | 2,793   |   |   |   | (1,107 | ) |
| Other accrued expenses                  |   |     | 75,259  |   |     |   | 114,043 |   |   |   | (38,784 | )) |
| Total current liabilities               |   |     | 209,634 |   |     |   | 208,561 |   |   |   | 1,073 |   |
| Net working capital                     |   | $        | 700,701 |   |     | $      | 552,844 |   |   | $ | 147,857 |   |

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|   | • | Level 1—Inputs are based on quoted market prices for identical assets or liabilities in active markets at the measurement date.  Our financial assets valued using Level 1 inputs include money market funds, treasury bonds, and marketable equity securities that are valued using quoted market prices. |
|--------|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Level 2—Inputs include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, and inputs (other than quoted prices) that are observable for the asset or liability, either directly or indirectly.  Our financial assets and liabilities valued using Level 2 inputs include agency bonds, corporate debt securities, certain mortgage-backed securities and foreign currency hedges, whose fair values are determined using a pricing model with inputs that are observable in the market or can be derived principally from or corroborated by observable market data. |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Level 3—Inputs include management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date.  The inputs are unobservable in the market and significant to the instrument’s valuation.  Our financial assets valued using Level 3 inputs include asset-backed securities, certain mortgage-backed securities, put option and other equity investments. |
|--------|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| §   | Significant changes in the manner of use of acquired assets or the strategy for our overall business, |
|--------------------|-------------------------------------------------------------------------------------------------------|

| §   | Significant negative industry or economic trends, and |
|--------------------|-------------------------------------------------------|

| §   | Significant technological changes which may render the asset obsolete. |
|--------------------|------------------------------------------------------------------------|

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ITEM 7A

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ITEM 8

|                                                                                                                                                            | Page  |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|------------|
| Report of Independent Registered Public Accounting Firm-Ernst & Young LLP                                                                                   | 50         |
| Report of Independent Registered Public Accounting Firm-PricewaterhouseCoopers LLP                                                                              | 51         |
| Financial Statements                                                                                                                                            |       |
| Consolidated Statements of Operations for the Fiscal Years Ended June 27, 2010, June 28, 2009 and June 29, 2008                                                 | 52         |
| Consolidated Balance Sheets as of June 27, 2010 and June 28, 2009                                                                                               | 53         |
| Consolidated Statements of Stockholders’ Equity and Comprehensive Income (Loss) for the Fiscal Years Ended June 27, 2010, June 28, 2009 and June 29, 2008 | 54         |
| Consolidated Statements of Cash Flows for the Fiscal Years Ended June 27, 2010, June 28, 2009 and June 29, 2008                                                 | 56         |
| Notes to Consolidated Financial Statements                                                                                                                      | 57         |
| Supporting Financial Statement Schedule:                                                                                                                        |       |

| Schedule No.                                                                                                                 |   |   |   |   | Page  |
|------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|------------|
| II. Valuation and Qualifying Accounts and Reserves for the Fiscal Years Ended June 27, 2010, June 28, 2009 and June 29, 2008 | 118    |

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REPORT

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REPORT

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INT

|                                                                                |   | Fiscal Year Ended |    |
|-------------------------------------------------------------------------------------|--------|-------------------|---------|
|                                                                                |   | June 27, 2010     |    |   | June 28, 2009 |   |   | June 29, 2008 |   |
| Revenues                                                                            |   | $                 | 895,297 |   |   | $ | 740,419 |   |   | $ | 984,830 |   |
| Cost of sales                                                                       |   |              | 602,700 |   |   |   | 515,563 |   |   |   | 662,007 |   |
| Gross profit                                                                        |   |              | 292,597 |   |   |   | 224,856 |   |   |   | 322,823 |   |
|                                                                                |   |              |    |   |   |   |   |   |   |   |   |   |
| Selling, general and administrative expense                                         |   |              | 169,190 |   |   |   | 262,068 |   |   |   | 287,830 |   |
| Research and development expense                                                    |   |              | 99,310  |   |   |   | 98,211 |   |   |   | 105,812 |   |
| Impairment of goodwill                                                              |   |              | — |   |   |   | 23,867 |   |   |   | 32,624 |   |
| Amortization of acquisition-related intangible assets                               |   |              | 4,375   |   |   |   | 4,408 |   |   |   | 4,656 |   |
| Asset impairment, restructuring and other charges                                   |   |              | 289     |   |   |   | 56,493 |   |   |   | 3,080 |   |
| Gain on divestiture                                                                 |   |              | — |   |   |   | (96,136 | ) |   |   | — |   |
| Operating income (loss)                                                             |   |              | 19,433  |   |   |   | (124,055 | ) |   |   | (111,179 | ) |
| Other expense, net                                                                  |   |              | 2,019   |   |   |   | 39,717 |   |   |   | 19,423 |   |
| Interest income, net                                                                |   |              | (11,221 | ) |   |   | (11,694 | ) |   |   | (29,093 | ) |
| Income (loss) before income taxes                                                   |   |              | 28,635  |   |   |   | (152,078 | ) |   |   | (101,509 | ) |
| (Benefit from) provision for income taxes                                           |   |              | (52,192 | ) |   |   | 95,339 |   |   |   | (42,268 | ) |
| Net income (loss)                                                                   |   | $                 | 80,827  |   |   | $ | (247,417 | ) |   | $ | (59,241 | ) |
| Net income (loss) per common share:                                                 |   |              |    |   |   |   |   |   |   |   |   |   |
| Basic:                                                                              |   |              |    |   |   |   |   |   |   |   |   |   |
| Net income (loss) per common share                                                  |   | $                 | 1.13    |   |   | $ | (3.42 | ) |   | $ | (0.81 | ) |
| Diluted:                                                                            |   |              |    |   |   |   |   |   |   |   |   |   |
| Net income (loss) per common share                                                  |   | $                 | 1.13    |   |   | $ | (3.42 | ) |   | $ | (0.81 | ) |
| Average common shares outstanding—basic                                       |   |              | 70,958  |   |   |   | 72,295 |   |   |   | 72,819 |   |
| Average common shares and potentially dilutive securities outstanding—diluted |   |              | 71,248  |   |   |   | 72,295 |   |   |   | 72,819 |   |

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INT

|                                                                                                                                            |   | June 27, 2010 |      |   | June 28, 2009 |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------|-----------|--------|---------------|--------|
| ASSETS                                                                                                                                          |   |          |      |   |          |   |
| Current assets:                                                                                                                                 |   |          |      |   |          |   |
| Cash and cash equivalents                                                                                                                       |   | $             | 229,789   |   |          | $      | 365,761 |   |
| Restricted cash                                                                                                                                 |   |          | 1,913     |   |          |   | 3,925 |   |
| Short-term investments                                                                                                                          |   |          | 309,384   |   |          |   | 113,247 |   |
| Trade accounts receivable, net of allowances of $3,725 for 2010 and $5,102 for 2009                                                             |   |          | 156,753   |   |          |   | 98,515 |   |
| Inventories                                                                                                                                     |   |          | 170,168   |   |          |   | 151,121 |   |
| Current deferred tax assets                                                                                                                     |   |          | 2,085     |   |          |   | 1,223 |   |
| Prepaid expenses and other receivables                                                                                                          |   |          | 40,243    |   |          |   | 27,613 |   |
| Total current assets                                                                                                                            |   |          | 910,335   |   |          |   | 761,405 |   |
| Restricted cash                                                                                                                                 |   |          | 1,753     |   |          |   | — |   |
| Long-term investments                                                                                                                           |   |          | 43,751    |   |          |   | 121,508 |   |
| Property, plant and equipment, at cost, net                                                                                                     |   |          | 347,745   |   |          |   | 369,713 |   |
| Goodwill                                                                                                                                        |   |          | 74,955    |   |          |   | 74,955 |   |
| Acquisition-related intangible assets, net                                                                                                      |   |          | 7,446     |   |          |   | 11,821 |   |
| Long-term deferred tax assets                                                                                                                   |   |          | 7,738     |   |          |   | 7,994 |   |
| Other assets                                                                                                                                    |   |          | 47,194    |   |          |   | 53,911 |   |
| Total assets                                                                                                                                    |   | $             | 1,440,917 |   |          | $      | 1,401,307 |   |
| LIABILITIES AND STOCKHOLDERS’ EQUITY                                                                                                      |   |          |      |   |          |   |   |   |
| Current liabilities:                                                                                                                            |   |          |      |   |          |   |   |   |
| Accounts payable                                                                                                                                |   | $             | 94,646    |   |          | $      | 62,570 |   |
| Accrued income taxes                                                                                                                            |   |          | 5,764     |   |          |   | 6,830 |   |
| Accrued salaries, wages and commissions                                                                                                         |   |          | 32,279    |   |          |   | 22,325 |   |
| Current deferred tax liabilities                                                                                                                |   |          | 1,686     |   |          |   | 2,793 |   |
| Other accrued expenses                                                                                                                          |   |          | 75,259    |   |          |   | 114,043 |   |
| Total current liabilities                                                                                                                       |   |          | 209,634   |   |          |   | 208,561 |   |
| Long-term deferred tax liabilities                                                                                                              |   |          | 5,334     |   |          |   | 4,439 |   |
| Other long-term liabilities                                                                                                                     |   |          | 34,504    |   |          |   | 53,055 |   |
| Total liabilities                                                                                                                               |   |          | 249,472   |   |          |   | 266,055 |   |
| Commitments and contingencies                                                                                                                   |   |          |      |   |          |   |   |   |
| Stockholders’ equity:                                                                                                                     |   |          |      |   |          |   |   |   |
| Common shares, $1 par value, authorized: 330,000,000; issued and outstanding: 70,324,178 shares in 2010 and 71,192,390 shares in 2009 |   |          | 73,518    |   |          |   | 73,101 |   |
| Preferred shares, $1 par value, authorized: 1,000,000; issued and outstanding: none in 2010 and 2009                                            |   |          | —   |   |          |   | — |   |
| Capital contributed in excess of par value                                                                                                      |   |          | 997,637   |   |          |   | 981,786 |   |
| Treasury stock, at cost; 3,193,930 shares in 2010 and 1,909,649 shares in 2009                                                                  |   |          | (48,671   | )      |          |   | (23,632 | ) |
| Retained earnings (1)                                                                                                                           |   |          | 179,189   |   |          |   | 98,362 |   |
| Accumulated other comprehensive income (1)                                                                                                      |   |          | (10,228   | )      |          |   | 5,635 |   |
| Total stockholders’ equity                                                                                                                |   |          | 1,191,445 |   |          |   | 1,135,252 |   |
| Total liabilities and stockholders’ equity                                                                                                |   | $             | 1,440,917 |   |          | $      | 1,401,307 |   |

| (1) | See Note 2, “Adjustment to Opening Retained Earnings and Accumulated Other Comprehensive Income,” in notes to the consolidated financial statements. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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INTE

|                                                                                                                                    |   | CommonShares |    | CapitalContributedin Excess ofPar Value |   | Treasury Stock, at Cost |   | RetainedEarnings |    | AccumulatedOtherComprehensiveIncome (Loss) |   | ComprehensiveIncome (Loss) |   |   | Total   |   |
|-----------------------------------------------------------------------------------------------------------------------------------------|--------|--------------|---------|-----------------------------------------|--------|-------------------------|--------|------------------|---------|--------------------------------------------|--------|----------------------------|--------|--------|---------|--------|
| Balance, July 1, 2007 as previously reported                                                                                            |   | $            | 72,811  |                                    | $      | 958,417                 |   | $                | — |                                       | $      | 391,673                    |   | $      | 100,444 |   |   |   |   | $ | 1,523,345 |   |
| Adjustments to opening stockholders’ equity (1)                                                                                   |   |         | — |                                    |   | —                 |   |             | — |                                       |   | 13,347                     |   |   | (13,347 | )      |   |   |   |   | ― |   |
| Balance, July 1, 2007 (As Adjusted)                                                                                                     |   |         | 72,811  |                                    |   | 958,417                 |   |             | — |                                       |   | 405,020                    |   |   | 87,097  |   |   |   |   |   | 1,523,345 |   |
| Net loss for the year ended June 29, 2008                                                                                               |   |         | — |                                    |   | —                 |   |             | — |                                       |   | (59,241                    | )      |   | — |   | $ | (59,241 | ) |   |   | (59,241 | ) |
| Other comprehensive loss:                                                                                                               |   |         |    |                                    |   |                    |   |             |    |                                       |   |                       |   |   |    |   |   |   |   |   |   |   |   |
| Foreign currency translation adjustments                                                                                                |   |         | — |                                    |   | —                 |   |             | — |                                       |   | —                    |   |   | — |   |   | (6,971 | ) |   |   | — |   |
| Unrealized loss on foreign currency forward contract, net of deferred tax provision of $0                                               |   |         | — |                                    |   | —                 |   |             | — |                                       |   | —                    |   |   | — |   |   | (3,941 | ) |   |   | — |   |
| Net unrealized gains (losses) on available-for-sale securities, net of deferred tax provision of $0                                     |   |         | — |                                    |   | —                 |   |             | — |                                       |   | —                    |   |   | — |   |   | (21,054 | ) |   |   | — |   |
| Reclassification adjustments of gain on available-for-sale securities and foreign currency forward contract, net of tax provision of $0 |   |         | — |                                    |   | —                 |   |             | — |                                       |   | —                    |   |   | — |   |   | (1,219 | ) |   |   | — |   |
| Other comprehensive loss                                                                                                                |   |         | — |                                    |   | —                 |   |             | — |                                       |   | —                    |   |   | (33,185 | )      |   | (33,185 | ) |   |   | (33,185 | ) |
| Comprehensive loss                                                                                                                      |   |         | — |                                    |   | —                 |   |             | — |                                       |   | —                    |   |   | — |   |   | (92,426 | ) |   |   | — |   |
| Issuance of common shares:                                                                                                              |   |         |    |                                    |   |                    |   |             |    |                                       |   |                       |   |   |    |   |   |   |   |   |   |   |   |
| Exercise of stock options-15,000 shares                                                                                                 |   |         | 15      |                                    |   | 174                     |   |             | — |                                       |   | —                    |   |   | — |   |   |   |   |   |   | 189 |   |
| Tax charge from exercise stock options                                                                                                  |   |         | — |                                    |   | (1,019                  | )      |             | — |                                       |   | —                    |   |   | — |   |   |   |   |   |   | (1,019 | ) |
| Stock-based compensation expense                                                                                                        |   |         | — |                                    |   | 14,348                  |   |             | — |                                       |   | —                    |   |   | — |   |   |   |   |   |   | 14,348 |   |
| Balance, June 29, 2008 (1)                                                                                                              |   |         | 72,826  |                                    |   | 971,920                 |   |             | — |                                       |   | 345,779                    |   |   | 53,912  |   |   |   |   |   |   | 1,444,437 |   |
| Net loss for the year ended June 28, 2009                                                                                               |   |         | — |                                    |   | —                 |   |             | — |                                       |   | (247,417                   | )      |   | — |   |   | (247,417 | ) |   |   | (247,417 | ) |
| Other comprehensive loss:                                                                                                               |   |         |    |                                    |   |                    |   |             |    |                                       |   |                       |   |   |    |   |   |   |   |   |   |   |   |
| Foreign currency translation adjustments                                                                                                |   |         | — |                                    |   | —                 |   |             | — |                                       |   | —                    |   |   | — |   |   | (64,436 | ) |   |   | — |   |
| Net unrealized gains (losses) on available-for-sale securities, net of deferred tax provision of $3,013                                 |   |         | — |                                    |   | —                 |   |             | — |                                       |   | —                    |   |   |    |   |   | 14,221 |   |   |   | — |   |
| Reclassification adjustments of gain on available-for-sale securities and foreign currency forward contract, net of tax provision of $0 |   |         | — |                                    |   | —                 |   |             | — |                                       |   | —                    |   |   | — |   |   | 1,938 |   |   |   | — |   |
| Other comprehensive loss                                                                                                                |   |         | — |                                    |   | —                 |   |             | — |                                       |   | —                    |   |   | (48,277 | )      |   | (48,277 | ) |   |   | (48,277 | ) |
| Comprehensive loss                                                                                                                      |   |         | — |                                    |   | —                 |   |             | — |                                       |   | —                    |   |   | — |   | $ | (295,694 | ) |   |   | — |   |
| Issuance of common shares:                                                                                                              |   |         |    |                                    |   |                    |   |             |    |                                       |   |                       |   |   |    |   |   |   |   |   |   |   |   |
| Exercise of stock options and vesting of RSU’s—274,633 shares                                                          |   |         | 275     |                                    |   | 2,247                   |   |             | — |                                       |   | —                    |   |   | — |   |   |   |   |   |   | 2,522 |   |
| Repurchase of common stock-1,909,649 shares                                                                                             |   |         | — |                                    |   | —                 |   |             | (23,632 | )                                          |   | —                    |   |   | — |   |   |   |   |   |   | (23,632 | ) |
| Tax charge from exercise of stock options                                                                                               |   |         | — |                                    |   | (340                    | )      |             | — |                                       |   | —                    |   |   | — |   |   |   |   |   |   | (340 | ) |
| Stock-based compensation expense                                                                                                        |   |         | — |                                    |   | 7,959                   |   |             | — |                                       |   | —                    |   |   | — |   |   |   |   |   |   | 7,959 |   |
| Balance, June 28, 2009 (1)                                                                                                              |   | $            | 73,101  |                                    | $      | 981,786                 |   | $                | (23,632 | )                                          | $      | 98,362                     |   | $      | 5,635   |   |   |   |   |   | $ | 1,135,252 |   |

|   | (1) | See Note 2, “Adjustment to Opening Retained Earnings and Accumulated Other Comprehensive Income,” in notes to the consolidated financial statements. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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Table of Contents

|                                                                                                                                    |   | CommonShares |    | CapitalContributedin Excess ofPar Valueof Shares |   | Treasury Stock, at Costs |   | RetainedEarnings |    | AccumulatedOtherComprehensiveIncome (Loss) |   | ComprehensiveIncome (Loss) |   | Total  |    |
|-----------------------------------------------------------------------------------------------------------------------------------------|--------|--------------|---------|--------------------------------------------------|--------|--------------------------|--------|------------------|---------|--------------------------------------------|--------|----------------------------|--------|--------|---------|
| Balance, June 28, 2009 (1)                                                                                                              |   | $            | 73,101  |                                             | $      | 981,786                  |   | $                | (23,632 | )                                          | $      | 98,362                     |   | $      | 5,635   |   |   |   | $ | 1,135,252 |   |
| Net income for the year ended June 27, 2010                                                                                             |   |         | — |                                             |   | —                  |   |             | — |                                       |   | 80,827                     |   |   | — |   | $ | 80,827 |   |   | 80,827 |   |
| Other comprehensive loss:                                                                                                               |   |         |    |                                             |   |                     |   |             |    |                                       |   |                       |   |   |    |   |   |   |   |   |   |   |
| Foreign currency translation adjustments                                                                                                |   |         | — |                                             |   | —                  |   |             | — |                                       |   | —                    |   |   | — |   |   | (15,043 | ) |   | — |   |
| Net unrealized gains (losses) on available-for-sale securities, net of deferred tax provision of $1,772                                 |   |         | — |                                             |   | —                  |   |             | — |                                       |   | —                    |   |   | — |   |   | 745 |   |   | — |   |
| Reclassification adjustments of gain on available-for-sale securities and foreign currency forward contract, net of tax provision of $0 |   |         | — |                                             |   | —                  |   |             | — |                                       |   | —                    |   |   | — |   |   | (1,565 | ) |   | — |   |
| Other comprehensive loss                                                                                                                |   |         | — |                                             |   | —                  |   |             | — |                                       |   | —                    |   |   | (15,863 | ) |   | (15,863 | ) |   | (15,863 | ) |
| Comprehensive income                                                                                                                    |   |         | — |                                             |   | —                  |   |             | — |                                       |   | —                    |   |   | — |   | $ | 64,964 |   |   | — |   |
| Issuance of common shares:                                                                                                              |   |         |    |                                             |   |                     |   |             |    |                                       |   |                       |   |   |    |   |   |   |   |   |   |   |
| Exercise of stock options and vesting of RSU’s—416,617 shares                                                          |   |         | 417     |                                             |   | 4,432                    |   |             | — |                                       |   | —                    |   |   | — |   |   |   |   |   | 4,849 |   |
|      Repurchase of common stock-1,284,281 shares                                                               |   |         | — |                                             |   | —                  |   |             | (25,039 | )                                          |   | —                    |   |   | — |   |   |   |   |   | (25,039 | ) |
| Tax charge from exercise of stock options                                                                                               |   |         | — |                                             |   | —                  |   |             | — |                                       |   | —                    |   |   | — |   |   |   |   |   | — |   |
| Stock-based compensation expense                                                                                                        |   |         | — |                                             |   | 11,419                   |   |             | — |                                       |   | —                    |   |   | — |   |   |   |   |   | 11,419 |   |
| Balance, June 27, 2010                                                                                                                  |   | $            | 73,518  |                                             | $      | 997,637                  |   | $                | (48,671 | )                                          | $      | 179,189                    |   | $      | (10,228 | ) |   |   |   | $ | 1,191,445 |   |

|   | (1) | See Note 2, “Adjustment to Opening Retained Earnings and Accumulated Other Comprehensive Income,” in notes to the consolidated financial statements. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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Table of Contents

INT

|                                                                                               |   | Fiscal Year Ended |     |
|----------------------------------------------------------------------------------------------------|--------|-------------------|----------|
|                                                                                               |   | June 27, 2010     |     |   | June 28, 2009 |   |   | June 29, 2008 |   |
| Cash flow from operating activities:                                                               |   |              |     |   |   |   |   |   |   |
| Net income (loss)                                                                                  |   | $                 | 80,827   |   |   | $ | (247,417 | ) |   | $ | (59,241 | ) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |   |              |     |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization                                                                      |   |              | 70,686   |   |   |   | 64,003 |   |   |   | 72,294 |   |
| Amortization of acquisition-related intangible assets                                              |   |              | 4,375    |   |   |   | 4,408 |   |   |   | 4,656 |   |
| Loss on disposal of fixed assets                                                                   |   |              | 559      |   |   |   | — |   |   |   | — |   |
| Stock compensation expense                                                                         |   |              | 11,419   |   |   |   | 7,405 |   |   |   | 11,128 |   |
| Debt retirement charge                                                                             |   |              | —  |   |   |   | — |   |   |   | 5,659 |   |
| Goodwill impairment                                                                                |   |              | —  |   |   |   | 23,867 |   |   |   | 32,624 |   |
| (Gain) loss on sale of investments                                                                 |   |              | (6,485   | ) |   |   | 3,411 |   |   |   | 358 |   |
| Other-than-temporary impairment of investments                                                     |   |              | 3,349    |   |   |   | 39,239 |   |   |   | 12,023 |   |
| Provision for bad debt                                                                             |   |              | (2,168   | ) |   |   | 131 |   |   |   | 387 |   |
| (Recovery of) provision for inventory write-downs                                                  |   |              | (2,997   | ) |   |   | 10,727 |   |   |   | 29,825 |   |
| Asset impairment                                                                                   |   |              | —  |   |   |   | 51,709 |   |   |   | — |   |
| Gain on derivatives                                                                                |   |              | (3,427   | ) |   |   | (1,220 | ) |   |   | — |   |
| Divestiture gain                                                                                   |   |              | —  |   |   |   | (96,136 | ) |   |   | — |   |
| Deferred income taxes                                                                              |   |              | (5,885   | ) |   |   | 104,101 |   |   |   | (18,360 | ) |
| Net settlement of restricted stock units for tax withholdings                                      |   |              | (782     | ) |   |   | (500 | ) |   |   | — |   |
| Tax benefit (charge) from exercise of stock options                                                |   |              | —  |   |   |   | 340 |   |   |   | (1,019 | ) |
| Excess tax benefit from stock options exercised                                                    |   |              | (197     | ) |   |   | (3 | ) |   |   | (81 | ) |
| Changes in operating assets and liabilities, net                                                   |   |              | (100,734 | ) |   |   | (5,286 | ) |   |   | (53,853 | ) |
| Other                                                                                              |   |              | 3,689    |   |   |   | (490 | ) |   |   | — |   |
| Net cash provided by (used in) operating activities                                                |   |              | 52,229   |   |   |   | (41,711 | ) |   |   | 36,400 |   |
| Cash flow from investing activities:                                                               |   |              |     |   |   |   |   |   |   |   |   |   |
| Additions to property, plant and equipment                                                         |   |              | (58,071  | ) |   |   | (20,793 | ) |   |   | (41,780 | ) |
| Proceeds from sale of property, plant and equipment                                                |   |              | 535      |   |   |   | 576 |   |   |   | 837 |   |
| Cash conveyed as part of Divestiture                                                               |   |              | —  |   |   |   | (30,000 | ) |   |   | — |   |
| Withdrawals from deferred compensation plan                                                        |   |              | 2,443    |   |   |   | — |   |   |   | — |   |
| Cost associated with Divestiture                                                                   |   |              | —  |   |   |   | — |   |   |   | (1,800 | ) |
| Sale of investments                                                                                |   |              | 146,667  |   |   |   | 317,591 |   |   |   | 248,279 |   |
| Maturities of investments                                                                          |   |              | 146,060  |   |   |   | 117,555 |   |   |   | 94,050 |   |
| Purchase of investments                                                                            |   |              | (407,399 | ) |   |   | (289,333 | ) |   |   | (311,075 | ) |
| Redemption of equity investment                                                                    |   |              | 2,050    |   |   |   | — |   |   |   | — |   |
| Released from (additions to) restricted cash                                                       |   |              | 259      |   |   |   | 14,012 |   |   |   | (420 | ) |
| Other, net                                                                                         |   |              | —  |   |   |   | — |   |   |   | (778 | ) |
| Net cash (used in) provided by investing activities                                                |   |              | (167,456 | ) |   |   | 109,608 |   |   |   | (12,687 | ) |
| Cash flow from financing activities:                                                               |   |              |     |   |   |   |   |   |   |   |   |   |
| Repayments of short-term debt                                                                      |   |              | —  |   |   |   | — |   |   |   | (550,462 | ) |
| Decrease (increase) in restricted cash                                                             |   |              | —  |   |   |   | 1,416 |   |   |   | (4,341 | ) |
| Repayments of obligations under capital leases                                                     |   |              | —  |   |   |   | — |   |   |   | (417 | ) |
| Proceeds from exercise of stock options and stock participation plan                               |   |              | 5,629    |   |   |   | 3,023 |   |   |   | 189 |   |
| Excess tax benefit from options exercised                                                          |   |              | 197      |   |   |   | 3 |   |   |   | 81 |   |
| Purchase of treasury stock                                                                         |   |              | (25,039  | ) |   |   | (23,632 | ) |   |   | — |   |
| Net cash used in financing activities                                                              |   |              | (19,213  | ) |   |   | (19,190 | ) |   |   | (554,950 | ) |
| Effect of exchange rate changes on cash and cash equivalents                                       |   |              | (1,532   | ) |   |   | (3,410 | ) |   |   | (1,339 | ) |
| Net (decrease) increase in cash and cash equivalents                                               |   |              | (135,972 | ) |   |   | 45,297 |   |   |   | (532,576 | ) |
| Cash and cash equivalents, beginning of year                                                       |   |              | 365,761  |   |   |   | 320,464 |   |   |   | 853,040 |   |
| Cash and cash equivalents, end of year                                                             |   | $                 | 229,789  |   |   | $ | 365,761 |   |   | $ | 320,464 |   |

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Table of Contents

1. Business

----

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|                 |   | Fiscal Year Ended |    |
|----------------------|--------|-------------------|---------|
|                 |   | June 27, 2010     |    |   | June 28, 2009 |   |   | June 29, 2008 |   |
| Interest income      |   | $                 | (11,748 | ) |   | $ | (13,033 | ) |   | $ | (31,806 | ) |
| Interest expense     |   |              | 527     |   |   |   | 1,339 |   |   |   | 2,713 |   |
| Interest income, net |   | $                 | (11,221 | ) |   | $ | (11,694 | ) |   | $ | (29,093 | ) |

----

----

|                                        |   | Fiscal Year Ended |     |
|---------------------------------------------|--------|-------------------|----------|
|                                        |   | June 27, 2010     |     |   | June 28, 2009 |   |   | June 29, 2008 |   |
| Trade accounts receivable                   |   | $                 | (59,013  | ) |   | $ | 4,112 |   |   | $ | 49,969 |   |
| Inventories                                 |   |              | (18,259  | ) |   |   | 11,785 |   |   |   | 16,943 |   |
| Prepaid expenses and other receivables      |   |              | (949     | ) |   |   | 12,860 |   |   |   | 25,118 |   |
| Accounts payable                            |   |              | 30,486   |   |   |   | (15,078 | ) |   |   | 11,572 |   |
| Accrued salaries, wages and commissions     |   |              | 10,393   |   |   |   | (9,927 | ) |   |   | (7,866 | ) |
| Deferred compensation                       |   |              | 403      |   |   |   | (1,117 | ) |   |   | (440 | ) |
| Accrued income taxes                        |   |              | (26,378  | ) |   |   | (21,638 | ) |   |   | (110,746 | ) |
| Other accrued expenses                      |   |              | (37,417  | ) |   |   | 13,717 |   |   |   | (38,403 | ) |
| Changes in operating assets and liabilities |   | $                 | (100,734 | ) |   | $ | (5,286 | ) |   | $ | (53,853 | ) |

|                                                                                   |   | Fiscal Year Ended |    |
|----------------------------------------------------------------------------------------|--------|-------------------|---------|
|                                                                                   |   | June 27, 2010     |    |   | June 28, 2009 |   |   | June 29, 2008 |   |
| Cash paid (received) during the year for:                                              |   |              |    |   |   |   |   |   |   |
| Interest                                                                               |   | $                 | 541     |   |   | $ | 725 |   |   | $ | 18,130 |   |
| Income taxes                                                                           |   |              | (20,172 | ) |   |   | 7,791 |   |   |   | 92,192 |   |
| Non-cash investing activities:                                                         |   |              |    |   |   |   |   |   |   |   |   |   |
| Increase (decrease) in liabilities accrued for property, plant and equipment purchases |   |              | 2,320   |   |   |   | 1,059 |   |   |   | (3,074 | ) |

| ·   | Level 1—Inputs are based on quoted market prices for identical assets or liabilities in active markets at the measurement date. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Level 2—Inputs include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, and inputs (other than quoted prices) that are observable for the asset or liability, either directly or indirectly. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Level 3—Inputs include management's best estimate of what market participants would use in pricing the asset or liability at the measurement date.  The inputs are unobservable in the market and significant to the instrument's valuation. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Assets and Liabilities:            |   | Total  |    |   | Quoted Prices in Active Markets for Identical Assets(Level 1) |   |    | Significant Other Observable Inputs(Level 2) |   |   | Significant Unobservable Inputs(Level 3) |   |
|-----------------------------------------|--------|--------|---------|--------|--------------------------------------------------------------------|--------|---------|---------------------------------------------------|--------|--------|-----------------------------------------------|--------|
| Cash and cash equivalents               |   | $      | 27,113  |   |                                                               | $      | — |                                              |   | $      | 27,113                                        |   |   | $ | — |   |
| Short-term investments                  |   |   | 309,384 |   |                                                               |   | 226,390 |                                              |   |   | 82,994                                        |   |   |   | — |   |
| Long-term investments                   |   |   | 43,751  |   |                                                               |   | 6,600   |                                              |   |   | 13,818                                        |   |   |   | 23,333 |   |
| Prepaid expenses and other receivables  |   |   | 226     |   |                                                               |   | — |                                              |   |   | 226                                           |   |   |   | — |   |
| Other assets                            |   |   | 27,487  |   |                                                               |   | 25,508  |                                              |   |   | (146                                          | )      |   |   | 2,125 |   |
| Other long-term liabilities             |   |   | (6,022  | )      |                                                               |   | (6,022  | )                                                 |   |   | —                                       |   |   |   | — |   |
| Total                                   |   | $      | 401,939 |   |                                                               | $      | 252,476 |                                              |   | $      | 124,005                                       |   |   | $ | 25,458 |   |
| Fair value as a percentage of total     |   |   | 100.0   | %      |                                                               |   | 62.8    | %                                                 |   |   | 30.9                                          | %      |   |   | 6.3 | % |
| Level 3 as a percentage of total assets |   |   |    |   |                                                               |   |    |                                              |   |   |                                          |   |   |   | 1.8 | % |

| Assets and Liabilities:            |   | Total  |    |   | Quoted Prices in Active Markets for Identical Assets(Level 1) |   |    | Significant Other Observable Inputs(Level 2) |   |   | Significant Unobservable Inputs(Level 3) |   |
|-----------------------------------------|--------|--------|---------|--------|--------------------------------------------------------------------|--------|---------|---------------------------------------------------|--------|--------|-----------------------------------------------|--------|
| Cash and cash equivalents               |   | $      | 49,493  |   |                                                               | $      | 49,493  |                                              |   | $      | —                                       |   |   | $ | — |   |
| Short-term investments                  |   |   | 113,247 |   |                                                               |   | 109,786 |                                              |   |   | 1,860                                         |   |   |   | 1,601 |   |
| Prepaid expenses and other receivables  |   |   | 1,280   |   |                                                               |   | — |                                              |   |   | 1,280                                         |   |   |   | — |   |
| Long-term investments                   |   |   | 121,508 |   |                                                               |   | 32,388  |                                              |   |   | 49,891                                        |   |   |   | 39,229 |   |
| Other assets                            |   |   | 29,881  |   |                                                               |   | 29,877  |                                              |   |   | —                                       |   |   |   | 4 |   |
| Other accrued expenses                  |   |   | (171    | )      |                                                               |   | — |                                              |   |   | (171                                          | )      |   |   | — |   |
| Other long-term liabilities             |   |   | (5,453  | )      |                                                               |   | (5,453  | )                                                 |   |   | —                                       |   |   |   | — |   |
| Total                                   |   | $      | 309,785 |   |                                                               | $      | 216,091 |                                              |   | $      | 52,860                                        |   |   | $ | 40,834 |   |
| Fair value as a percentage of total     |   |   | 100.0   | %      |                                                               |   | 69.7    | %                                                 |   |   | 17.1                                          | %      |   |   | 13.2 | % |
| Level 3 as a percentage of total assets |   |   |    |   |                                                               |   |    |                                              |   |   |                                          |   |   |   | 2.9 | % |

----

|                                                           |   | Fair Value Measurements Using Significant Unobservable Inputs (Level 3) |    |
|----------------------------------------------------------------|--------|-------------------------------------------------------------------------|---------|
|                                                           |   | Derivatives                                                             |    |   | Investments |   |   | Total |   |
| Beginning balance at June 28, 2009                             |   | $                                                                       | — |   |   | $ | 40,834 |   |   | $ | 40,834 |   |
| Total gains or losses (realized or unrealized):                |   |                                                                    |    |   |   |   |   |   |   |   |   |   |
|     Included in earnings                   |   |                                                                    | — |   |   |   | 5,084 |   |   |   | 5,084 |   |
|     Included in other comprehensive income |   |                                                                    | — |   |   |   | 2,351 |   |   |   | 2,351 |   |
| Purchases, issuance, and settlements:                          |   |                                                                    |    |   |   |   |   |   |   |   |   |   |
|     Purchases/additions                    |   |                                                                    | 2,121   |   |   |   | — |   |   |   | 2,121 |   |
|     Maturities                             |   |                                                                    | — |   |   |   | — |   |   |   | — |   |
|     Sales                                  |   |                                                                    | — |   |   |   | (24,932 | ) |   |   | (24,932 | ) |
| Transfers into Level 3                                         |   |                                                                    | — |   |   |   | — |   |   |   | — |   |
| Transfers out of level 3                                       |   |                                                                    | — |   |   |   | — |   |   |   | — |   |
| Ending balance at June  27, 2010                     |   | $                                                                       | 2,121   |   |   | $ | 23,337 |   |   | $ | 25,458 |   |

----

|                                                          |   | June 27, 2010 |    |   | June 28, 2009 |   |
|---------------------------------------------------------------|--------|---------------|---------|--------|---------------|--------|
| Cash and cash equivalents                                     |   | $             | 229,789 |   |          | $      | 365,761 |   |
| Short-term investments                                        |   |          | 309,384 |   |          |   | 113,247 |   |
| Restricted cash                                               |   |          | 3,666   |   |          |   | 3,925 |   |
| Long-term investments                                         |   |          | 43,751  |   |          |   | 121,508 |   |
| Total cash, restricted cash, cash equivalents and investments |   | $             | 586,590 |   |          | $      | 604,441 |   |

----

|              |   | June 27, 2010 |    |   | June 28, 2009 |   |
|-------------------|--------|---------------|---------|--------|---------------|--------|
| Raw materials     |   | $             | 40,805  |   |          | $      | 32,717 |   |
| Work-in-process   |   |          | 77,233  |   |          |   | 66,613 |   |
| Finished goods    |   |          | 52,130  |   |          |   | 51,791 |   |
| Total inventories |   | $             | 170,168 |   |          | $      | 151,121 |   |

|                                            |   | June 27, 2010 |     |   | June 28, 2009 |   |     | Range of Useful Life |   |
|-------------------------------------------------|--------|---------------|----------|--------|---------------|--------|----------|----------------------|--------|
| Building and improvements                       |   | $             | 177,713  |   |          | $      | 175,776  |                 |   |   | 3 - 40 |   |
| Equipment                                       |   |          | 937,548  |   |          |   | 979,685  |                 |   |   | 3 - 15 |   |
| Less: accumulated depreciation and amortization |   |          | (817,397 | )      |          |   | (813,068 | )                    |   |   |   |   |
|                                            |   |          | 297,864  |   |          |   | 342,393  |                 |   |   |   |   |
| Land                                            |   |          | 15,679   |   |          |   | 16,440   |                 |   |   |   |   |
| Construction-in-progress                        |   |          | 34,202   |   |          |   | 10,880   |                 |   |   |   |   |
| Total property, plant and equipment             |   | $             | 347,745  |   |          | $      | 369,713  |                 |   |   |   |   |

----

|   | • | A significant change in business strategy or in the extent or manner for which the asset is being used or in its physical condition; |
|--------|---------|--------------------------------------------------------------------------------------------------------------------------------------|

|   | • | A significant negative change in the business climate, industry conditions, economic conditions or market value of an asset; and |
|--------|---------|----------------------------------------------------------------------------------------------------------------------------------|

|   | • | Current period operating losses or negative cash flow combined with a history of similar losses or a forecast that indicates continuing losses associated with the use of an asset. |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                        |   | Amortization   |             |   | June 27, 2010        |   |
|---------------------------------------------|--------|----------------|------------------|--------|----------------------|--------|
|                                        |   | Periods(Years) |             |   | Gross CarryingAmount |   |   | AccumulatedAmortization |   |   | Net |   |
| Completed technology                        |   |           | 4 - 12 |   |                 | $      | 29,679 |   |   | $ | (23,379 | ) |   | $ | 6,300 |   |
| Customer lists                              |   |           | 5 - 12 |   |                 |   | 5,330 |   |   |   | (4,858 | ) |   |   | 472 |   |
| Intellectual property and other             |   |           | 5 - 15 |   |                 |   | 7,963 |   |   |   | (7,289 | ) |   |   | 674 |   |
| Total acquisition-related intangible assets |   |           |             |   |                 | $      | 42,972 |   |   | $ | (35,526 | ) |   | $ | 7,446 |   |

|                                        |   | Amortization   |             |   | June 28, 2009        |   |
|---------------------------------------------|--------|----------------|------------------|--------|----------------------|--------|
|                                        |   | Periods(Years) |             |   | Gross CarryingAmount |   |   | AccumulatedAmortization |   |   | Net |   |
| Completed technology                        |   |           | 4 - 12 |   |                 | $      | 29,679 |   |   | $ | (19,593 | ) |   | $ | 10,086 |   |
| Customer lists                              |   |           | 5 - 12 |   |                 |   | 5,330 |   |   |   | (4,437 | ) |   |   | 893 |   |
| Intellectual property and other             |   |           | 5 - 15 |   |                 |   | 7,963 |   |   |   | (7,121 | ) |   |   | 842 |   |
| Total acquisition-related intangible assets |   |           |             |   |                 | $      | 42,972 |   |   | $ | (31,151 | ) |   | $ | 11,821 |   |

----

| Business Segments:       |   | June 27,2010 |    |   | June 28,2009 |   |
|--------------------------|--------|--------------|---------|--------|-------------------|--------|
| Power Management Devices |   | $            | — |   |              | $      | — |   |
| Energy-Saving Products   |   |         | 33,190  |   |              |   | 33,190 |   |
| HiRel                    |   |         | 18,959  |   |              |   | 18,959 |   |
| Enterprise Power         |   |         | 22,806  |   |              |   | 22,806 |   |
| Automotive Products      |   |         | — |   |              |   | — |   |
| Intellectual Property    |   |         | — |   |              |   | — |   |
| Total goodwill           |   | $            | 74,955  |   |              | $      | 74,955 |   |

| Balance, June 29, 2008 |   | $      | 98,822  |   |
|------------------------|--------|--------|---------|--------|
| Impairment             |   |   | (23,867 | )      |
| Balance, June 28, 2009 |   |   | 74,955  |   |
| Impairment             |   |   | — |   |
| Balance, June 27, 2010 |   | $      | 74,955  |   |

|                               |   | June 27, 2010 |   |   | June 28, 2009 |   |
|------------------------------------|--------|---------------|--------|--------|---------------|--------|
| Sales returns                      |   | $             | 27,306 |   |          | $      | 21,036 |   |
| Accrued accounting and legal costs |   |          | 10,855 |   |          |   | 60,713 |   |
| Deferred revenue                   |   |          | 10,200 |   |          |   | 7,885 |   |
| Accrued compensation               |   |          | 3,422  |   |          |   | 3,995 |   |
| Accrued divestiture liability      |   |          | 295    |   |          |   | 2,410 |   |
| Accrued warranty                   |   |          | 2,293  |   |          |   | 1,767 |   |
| Accrued utilities                  |   |          | 1,483  |   |          |   | 1,563 |   |
| Accrued sales and other taxes      |   |          | 2,329  |   |          |   | 1,117 |   |
| Short-term severance liability     |   |          | 4,249  |   |          |   | 5,234 |   |
| Other                              |   |          | 12,827 |   |          |   | 8,323 |   |
| Total other accrued expenses       |   | $             | 75,259 |   |          | $      | 114,043 |   |

----

| Accrued warranty, July 1, 2007                          |   | $      | 2,434  |   |
|---------------------------------------------------------|--------|--------|--------|--------|
| Accruals for warranties issued during the year          |   |   | 4,555  |   |
| Changes in estimates related to pre-existing warranties |   |   | (992   | )      |
| Warranty claim settlements                              |   |   | (3,325 | )      |
| Accrued warranty, June 29, 2008                         |   |   | 2,672  |   |
| Accruals for warranties issued during the year          |   |   | 3,574  |   |
| Changes in estimates related to pre-existing warranties |   |   | 1,024  |   |
| Warranty claim settlements                              |   |   | (5,503 | )      |
| Accrued warranty, June 28, 2009                         |   |   | 1,767  |   |
| Accruals for warranties issued during the year          |   |   | 4,000  |   |
| Changes in estimates related to pre-existing warranties |   |   | (1,324 | )      |
| Warranty claim settlements                              |   |   | (2,150 | )      |
| Accrued warranty, June 27, 2010                         |   | $      | 2,293  |   |

|                                     |   | June 27, 2010 |   |   | June 28, 2009 |   |
|------------------------------------------|--------|---------------|--------|--------|---------------|--------|
| Income taxes payable                     |   | $             | 18,825 |   |          | $      | 35,197 |   |
| Divested entities’ tax obligations |   |          | 5,523  |   |          |   | 7,283 |   |
| Deferred compensation                    |   |          | 7,357  |   |          |   | 6,543 |   |
| Other                                    |   |          | 2,799  |   |          |   | 4,032 |   |
| Total other long-term liabilities        |   | $             | 34,504 |   |          | $      | 53,055 |   |

----

|                                                                |   | June 27, 2010 |    |   | June 28, 2009   |   |   | June 29, 2008   |   |
|---------------------------------------------------------------------|--------|---------------|---------|--------|-----------------|--------|--------|-----------------|--------|
|                                                                |   |          |    |   | As Adjusted (1) |   |   | As Adjusted (1) |   |
| Foreign currency translation adjustments                            |   | $             | (15,680 | )      |            | $      | (637   | )               |   | $ | 63,799 |   |
| Net unrealized (losses) gains on foreign currency forward contracts |   |          | — |   |            |   | 1,565  |            |   |   | (373 | ) |
| Net unrealized (losses) gains on available-for-sale securities      |   |          | 5,452   |   |            |   | 4,707  |            |   |   | (9,514 | ) |
| Accumulated other comprehensive income                              |   | $             | (10,228 | )      |            | $      | 5,635  |            |   | $ | 53,912 |   |

----

----

|                                                 |   | June 28, 2009          |      |
|------------------------------------------------------|--------|------------------------|-----------|
|                                                 |   | As Previously Reported |      |   | Effect of Adjustments |   |   |  As Adjusted |   |
| Stockholders’ equity:                          |   |                   |      |   |   |   |   |   |   |
| Common shares                                        |   | $                      | 73,101    |   |   | $ | — |   |   | $ | 73,101 |   |
| Capital contributed in excess of par value of shares |   |                   | 981,786   |   |   |   | — |   |   |   | 981,786 |   |
| Treasury stock, at cost                              |   |                   | (23,632   | ) |   |   | — |   |   |   | (23,632 | ) |
| Retained earnings                                    |   |                   | 85,015    |   |   |   | 13,347 |   |   |   | 98,362 |   |
| Accumulated other comprehensive income               |   |                   | 18,982    |   |   |   | (13,347 | ) |   |   | 5,635 |   |
| Total stockholders’ equity                     |   | $                      | 1,135,252 |   |   | $ | — |   |   | $ | 1,135,252 |   |

----

|                                   |   | Amortized Costs |    |   | Gross Unrealized Gain |   |   | Gross Unrealized Loss |   |   | Net Unrealized Gain |    |   | Market Value |   |
|----------------------------------------|--------|-----------------|---------|--------|-----------------------|--------|--------|-----------------------|--------|--------|---------------------|---------|--------|--------------|--------|
| Short-Term Investments:                |   |            |    |   |                  |   |   |                  |   |   |                |    |   |         |   |
| U.S. government and agency obligations |   | $               | 308,469 |   |                  | $      | 919    |                  |   | $      | (4                  | )       |   | $            | 915    |   |   | $ | 309,384 |   |
| Total short-term investments           |   | $               | 308,469 |   |                  | $      | 919    |                  |   | $      | (4                  | )  |   | $            | 915    |   |   | $ | 309,384 |   |
| Long-Term Investments:                 |   |            |    |   |                  |   |   |                  |   |   |                |    |   |         |   |   |   |   |   |   |
| U.S. government and agency obligations |   | $               | 20,043  |   |                  | $      | 378    |                  |   | $      | (3                  | )       |   | $            | 375    |   |   | $ | 20,418 |   |
| Mortgage-backed securities             |   |            | 9,089   |   |                  |   | 2,689  |                  |   |   | —             |    |   |         | 2,689  |   |   |   | 11,778 |   |
| Asset-backed securities                |   |            | 9,030   |   |                  |   | 2,529  |                  |   |   | (4                  | )       |   |         | 2,525  |   |   |   | 11,555 |   |
| Total long-term investments            |   | $               | 38,162  |   |                  | $      | 5,596  |                  |   | $      | (7                  | )       |   | $            | 5,589  |   |   | $ | 43,751 |   |
|                                   |   |            |    |   |                  |   |   |                  |   |   |                |    |   |         |   |   |   |   |   |   |
| Equity securities                      |   | $               | 14,397  |   |                  | $      | 3,791  |                  |   | $      | —             |    |   | $            | 3,791  |   |   | $ | 18,188 |   |

----

|                                   |   | Amortized Costs |    |   | Gross Unrealized Gain |   |    | Gross Unrealized Loss |   |   | Net Unrealized Gain |   |   | Market Value |    |
|----------------------------------------|--------|-----------------|---------|--------|-----------------------|--------|---------|-----------------------|--------|--------|---------------------|--------|--------|--------------|---------|
| Short-Term Investments:                |   |            |    |   |                  |   |    |                  |   |   |                |   |   |         |    |
| Corporate debt                         |   | $               | 1,543   |   |                  | $      | 58      |                  |   | $      | —             |   |   | $            | 58      |   |   | $ | 1,601 |   |
| U.S. government and agency obligations |   |            | 111,199 |   |                  |   | 447     |                  |   |   | —             |   |   |         | 447     |   |   |   | 111,646 |   |
| Total short-term investments           |   | $               | 112,742 |   |                  | $      | 505     |                  |   | $      | —             |   |   | $            | 505     |   |   | $ | 113,247 |   |
| Long-Term Investments:                 |   |            |    |   |                  |   |    |                  |   |   |                |   |   |         |    |   |   |   |   |   |
| Corporate debt                         |   | $               | 385     |   |                  | $      | 300     |                  |   | $      | —             |   |   | $            | 300     |   |   | $ | 685 |   |
| U.S. government and agency obligations |   |            | 79,024  |   |                  |   | 2,570   |                  |   |   | —             |   |   |         | 2,570   |   |   |   | 81,594 |   |
| Mortgage-backed securities             |   |            | 18,600  |   |                  |   | 1,668   |                  |   |   | —             |   |   |         | 1,668   |   |   |   | 20,268 |   |
| Asset-backed securities                |   |            | 17,818  |   |                  |   | 1,143   |                  |   |   | —             |   |   |         | 1,143   |   |   |   | 18,961 |   |
| Total long-term investments            |   | $               | 115,827 |   |                  | $      | 5,681   |                  |   | $      | —             |   |   | $            | 5,681   |   |   | $ | 121,508 |   |
|                                   |   |            |    |   |                  |   |    |                  |   |   |                |   |   |         |    |   |   |   |   |   |
| Notes receivable                       |   | $               | 2,050   |   |                  | $      | — |                  |   | $      | —             |   |   | $            | — |   |   | $ | 2,050 |   |
| Equity securities                      |   |            | 16,893  |   |                  |   | 3,301   |                  |   |   | (1,766              | )      |   |         | 1,535   |   |   |   | 18,428 |   |

----

|                                   |   | Securities heldin a loss positionfor less than12 months atJune 27, 2010 |   |   | Securities heldin a loss positionfor 12 monthsor more atJune 27, 2010 |   |   | Total in a loss positionat June 27, 2010 |   |
|----------------------------------------|--------|------------------------------------------------------------------------------|--------|--------|----------------------------------------------------------------------------|--------|--------|------------------------------------------|--------|
|                                   |   | MarketValue                                                                  |   |   | GrossUnrealizedLosses                                                      |   |   | MarketValue                              |   |   | GrossUnrealizedLosses |   |   | MarketValue |   |   | GrossUnrealizedLosses |   |
| U.S. government and agency obligations |   | $                                                                            | 27,245 |   |                                                                       | $      | (7     | )                                        |   | $ | — |   |   | $ | — |   |   | $ | 27,245 |   |   | $ | (7 | ) |
| Total                                  |   | $                                                                            | 27,245 |   |                                                                       | $      | (7     | )                                        |   | $ | — |   |   | $ | — |   |   | $ | 27,245 |   |   | $ | (7 | ) |

|              |   | Securities heldin a loss positionfor less than12 months atJune 28, 2009 |   |   | Securities heldin a loss positionfor 12 monthsor more atJune 28, 2009 |   |   | Total in a loss positionat June 28, 2009 |   |
|-------------------|--------|------------------------------------------------------------------------------|--------|--------|----------------------------------------------------------------------------|--------|--------|------------------------------------------|--------|
|              |   | MarketValue                                                                  |   |   | GrossUnrealizedLosses                                                      |   |   | MarketValue                              |   |   | GrossUnrealizedLosses |   |   | MarketValue |   |   | GrossUnrealizedLosses |   |
| Equity Securities |   | $                                                                            | 18,428 |   |                                                                       | $      | (1,766 | )                                        |   | $ | — |   |   | $ | — |   |   | $ | 18,428 |   |   | $ | (1,766 | ) |
| Total             |   | $                                                                            | 18,428 |   |                                                                       | $      | (1,766 | )                                        |   | $ | — |   |   | $ | — |   |   | $ | 18,428 |   |   | $ | (1,766 | ) |

----

| Contractual Maturity (1)   |   | AmortizedCost |    |   | EstimatedMarket Value |   |
|----------------------------|--------|---------------|---------|--------|-----------------------|--------|
| Due in 1 year or less |   | $             | 308,469 |   |                  | $      | 309,384 |   |
| Due in 1-2 years      |   |          | 20,042  |   |                  |   | 20,418 |   |
| Due in 2-5 years      |   |          | 46      |   |                  |   | 49 |   |
| Due after 5 years     |   |          | 18,074  |   |                  |   | 23,284 |   |
| Total investments          |   | $             | 346,631 |   |                  | $      | 353,135 |   |

|   | (1) | Contractual maturity for asset-backed and mortgage-backed securities was based on initial contractual maturity dates. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------|

|                                    |   | As of June 27, 2010 |    |
|-----------------------------------------|--------|---------------------|---------|
|                                    |   | Total               |    |   | Quoted Prices in Active Markets for Identical Assets(Level 1) |   |   | Significant Other Observable Inputs(Level 2) |   |   | Significant Unobservable Inputs(Level 3) |   |
| U.S. government and agency obligations  |   | $                   | 329,802 |   |   | $ | 233,049 |   |   | $ | 96,753 |   |   | $ | — |   |
| Mortgage-backed securities              |   |                | 11,778  |   |   |   | — |   |   |   | — |   |   |   | 11,778 |   |
| Asset-backed securities                 |   |                | 11,555  |   |   |   | — |   |   |   | — |   |   |   | 11,555 |   |
| Equity securities-strategic investments |   |                | 18,188  |   |   |   | 18,184 |   |   |   | — |   |   |   | 4 |   |
| Total securities at fair value          |   | $                   | 371,323 |   |   | $ | 251,233 |   |   | $ | 96,753 |   |   | $ | 23,337 |   |

----

|                                    |   | As of June 28, 2009 |    |
|-----------------------------------------|--------|---------------------|---------|
|                                    |   | Total               |    |   | Quoted Prices in Active Markets for Identical Assets(Level 1) |   |   | Significant Other Observable Inputs(Level 2) |   |   | Significant Unobservable Inputs(Level 3) |   |
| U.S. government and agency obligations  |   | $                   | 193,240 |   |   | $ | 142,174 |   |   | $ | 51,066 |   |   | $ | — |   |
| Corporate debt                          |   |                | 685     |   |   |   | — |   |   |   | 685 |   |   |   | — |   |
| Mortgage-backed securities              |   |                | 20,268  |   |   |   | — |   |   |   | — |   |   |   | 20,268 |   |
| Asset-backed securities                 |   |                | 20,562  |   |   |   | — |   |   |   | — |   |   |   | 20,562 |   |
| Notes Receivable                        |   |                | 2,050   |   |   |   | 2,050 |   |   |   | — |   |   |   | — |   |
| Equity securities-strategic investments |   |                | 18,428  |   |   |   | 18,424 |   |   |   | — |   |   |   | 4 |   |
| Total securities at fair value          |   | $                   | 255,233 |   |   | $ | 162,648 |   |   | $ | 51,751 |   |   | $ | 40,834 |   |

----

----

|                                              |   | Derivative Assets June 27, 2010   |   | Derivative Liabilities June 27, 2010 |    |
|---------------------------------------------------|--------|----------------------------------------|--------|-------------------------------------------|---------|
| Derivatives Not Designated as Hedging Instruments |   | Balance Sheet Location                 |   | Fair Value                                |    | Balance Sheet Location |   | Fair Value |   |
|  Put option                                  |   |  Other assets                     |   | $                                         | 2,121   |   |   |   | $ | — |   |
| Currency forward contracts                        |   | Prepaid expenses and other receivables |   |                                      | 226     |   |   |   |   | — |   |
| Foreign currency swap contract                    |   |                                   |   |                                      | — |   | Other accrued expenses |   |   | 146 |   |
| Total                                             |   |                                   |   | $                                         | 2,347   |   |   |   | $ | 146 |   |

|                                              |   | Derivative Assets June 28, 2009   |   | Derivative Liabilities June 28, 2009 |    |
|---------------------------------------------------|--------|----------------------------------------|--------|-------------------------------------------|---------|
| Derivatives Not Designated as Hedging Instruments |   | Balance Sheet Location                 |   | Fair Value                                |    | Balance Sheet Location |   | Fair Value |   |
|                                              |   |                                   |   |                                      |    |   |   |   |   |
| Currency forward contracts                        |   | Prepaid expenses and other receivables |   | $                                         | 1,280   |   | Other accrued expenses |   | $ | 55 |   |
| Foreign currency swap contract                    |   |                                   |   |                                      | — |   | Other accrued expenses |   |   | 116 |   |
| Total                                             |   |                                   |   | $                                         | 1,280   |   |   |   | $ | 171 |   |

|                                              |   |                                                           |   | Amount of Gain or (Loss) Recognized in Income on Derivatives |   |
|---------------------------------------------------|--------|----------------------------------------------------------------|--------|--------------------------------------------------------------|--------|
| Derivatives Not Designated as Hedging Instruments |   | Location of Gain or (Loss) Recognized in Income on Derivatives |   | June 27, 2010                                                |   |   | June 28, 2009 |   |
| Put option                                        |   | Other expense                                                  |   | $                                                            | 2,121  |   |   | $ | — |   |
| Currency forward contract                         |   | Other expense                                                  |   |                                                         | 1,334  |   |   |   | 2,275 |   |
| Foreign currency swap contract                    |   | Other expense                                                  |   |                                                         | (27    | ) |   |   | (309 | ) |
|     Total                     |   |                                                           |   | $                                                            | 3,428  |   |   | $ | 1,966 |   |

----

|                                       |   | Total  |        |   | Quoted Prices in Active Markets for Identical Assets(Level 1) |   |          | Significant Other Observable Inputs(Level 2) |   |   | Significant Unobservable Inputs(Level 3) |   |
|--------------------------------------------|--------|--------|-------------|--------|--------------------------------------------------------------------|--------|---------------|---------------------------------------------------|--------|--------|-----------------------------------------------|--------|
| Put Option                                 |   | $      | 2,121       |   |                                                               | $      | —       |                                              |   | $      | —                                       |   |   | $ | 2,121 |   |
| Foreign Currency Derivatives:              |   |   |        |   |                                                               |   |          |                                              |   |   |                                          |   |   |   |   |   |
| Assets                                     |   |   | 226    |   |                                                               |   | —       |                                              |   |   | 226                                      |   |   |   | — |   |
| Liabilities                                |   |   | (146)  |   |                                                               |   | —  |                                              |   |   | (146)                                    |   |   |   | —  |   |
| Total derivative instruments at fair value |   | $      | 2,201       |   |                                                               | $      | —       |                                              |   | $      | 80                                            |   |   | $ | 2,121 |   |

|                                       |   | Total  |   |   | Quoted Prices in Active Markets for Identical Assets(Level 1) |   |    | Significant Other Observable Inputs(Level 2) |   |   | Significant Unobservable Inputs(Level 3) |   |
|--------------------------------------------|--------|--------|--------|--------|--------------------------------------------------------------------|--------|---------|---------------------------------------------------|--------|--------|-----------------------------------------------|--------|
| Foreign Currency Derivatives:              |   |   |   |   |                                                               |   |    |                                              |   |   |                                          |   |
| Assets                                     |   | $      | 1,280  |   |                                                               | $      | — |                                              |   | $      | 1,280                                         |   |   | $ | — |   |
| Liabilities                                |   |   | (171   | )      |                                                               |   | — |                                              |   |   | (171                                          | )      |   |   | — |   |
| Total derivative instruments at fair value |   | $      | 1,109  |   |                                                               | $      | — |                                              |   | $      | 1,109                                         |   |   | $ | — |   |

----

|                       |   | Stock OptionShares |    |   | WeightedAverage OptionExercise Priceper Share |   |    | WeightedAverage GrantDate Fair Valueper Share |   |   | AggregateIntrinsic Value |   |
|----------------------------|--------|--------------------|---------|--------|-----------------------------------------------|--------|---------|-----------------------------------------------|--------|--------|--------------------------|--------|
| Outstanding, July 1, 2007  |   |               | 11,754  |   |                                          | $      | 40.72   |                                          |   |   | —                  |   |   | $ | 29,921 |   |
| Granted                    |   |               | — |   |                                          |   | — |                                          |   |   | —                  |   |   |   | — |   |
| Exercised                  |   |               | (15     | )      |                                          |   | 12.63   |                                          |   |   | —                  |   |   |   | 314 |   |
| Expired or forfeited       |   |               | (2,379  | )      |                                          |   | 41.97   |                                          |   |   | —                  |   |   |   | — |   |
| Outstanding, June 29, 2008 |   |               | 9,360   |   |                                          |   | 40.43   |                                          |   |   | —                  |   |   |   | 2,568 |   |
| Granted                    |   |               | 3,151   |   |                                          |   | 15.16   |                                          |   | $      | 6.38                     |   |   |   | — |   |
| Exercised                  |   |               | (224    | )      |                                          |   | 13.47   |                                          |   |   | —                  |   |   |   | 411 |   |
| Expired or forfeited       |   |               | (4,039  | )      |                                          |   | 42.71   |                                          |   |   | —                  |   |   |   | — |   |
| Outstanding, June 28, 2009 |   |               | 8,248   |   |                                          |   | 30.40   |                                          |   |   | —                  |   |   |   | 3,738 |   |
| Granted                    |   |               | 268     |   |                                          |   | 19.03   |                                          |   | $      | 6.11                     |   |   |   | — |   |
| Exercised                  |   |               | (351    | )      |                                          |   | 16.02   |                                          |   |   | —                  |   |   |   | 1,674 |   |
| Expired or forfeited       |   |               | (2,380  | )      |                                          |   | 37.31   |                                          |   |   | —                  |   |   |   | — |   |
| Outstanding, June 27, 2010 |   |               | 5,785   |   |                                          | $      | 27.88   |                                          |   |   | —                  |   |   | $ | 13,946 |   |

----

|                       |   | Restricted StockUnits |    |   | Weighted Average Grant DateFair Value Per Share |   |    | AggregateIntrinsic Value |   |
|----------------------------|--------|-----------------------|---------|--------|------------------------------------------------------|--------|---------|--------------------------|--------|
| Outstanding, July 1, 2007  |   |                  | 9       |   |                                                 | $      | 49.14   |                     |   | $ | 337 |   |
| Granted                    |   |                  | — |   |                                                 |   | — |                     |   |   | — |   |
| Vested                     |   |                  | — |   |                                                 |   | — |                     |   |   | — |   |
| Expired or forfeited       |   |                  | (8      | )      |                                                 |   | 49.23   |                     |   |   | — |   |
| Outstanding, June 29, 2008 |   |                  | 1       |   |                                                 |   | 48.10   |                     |   |   | 13 |   |
| Granted                    |   |                  | 446     |   |                                                 |   | 17.39   |                     |   |   | — |   |
| Vested                     |   |                  | (92     | )      |                                                 |   | 12.06   |                     |   |   | 1,111 |   |
| Expired or forfeited       |   |                  | — |   |                                                 |   | — |                     |   |   | — |   |
| Outstanding, June 28, 2009 |   |                  | 355     |   |                                                 |   | 17.84   |                     |   |   | 5,215 |   |
| Granted                    |   |                  | 203     |   |                                                 |   | 19.26   |                     |   |   | — |   |
| Vested                     |   |                  | (101    | )      |                                                 |   | 19.38   |                     |   |   | 1,960 |   |
| Expired or forfeited       |   |                  | (5      | )      |                                                 |   | — |                     |   |   | — |   |
| Outstanding, June 27, 2010 |   |                  | 452     |   |                                                 | $      | 18.49   |                     |   | $ | 9,113 |   |

|                              |            | June 27, 2010      |
|-----------------------------------|-----------------|--------------------|
|                              |            | Outstanding        |   | Exercisable |
| Range of Exercise Price per Share |            | Number Outstanding |   | Weighted Average Remaining Life (Years) |   |   | Weighted Average Exercise Price |   |   | Aggregate Intrinsic Value  |   | Number Exercisable |   |   | Weighted Average Remaining Life (Years) |   |   | Weighted Average Exercise Price |   |   | Aggregate Intrinsic Value  |
| $                                 | 0.0 to $12.95   |               |   | 1,894 |   |   | 2.97 |   |   | $ | 9.68 |   |   |   |   |   | 541 |   |   |   | 3.25 |   |   | $ | 12.59 |   |   |   |
| $                                 | 13.56 to $18.55 |               |   | 1,359 |   |   | 3.16 |   |   |   | 18.07 |   |   |   |   |   | 479 |   |   |   | 3.16 |   |   |   | 18.10 |   |   |   |
| $                                 | 18.62 to $37.19 |               |   | 969 |   |   | 2.04 |   |   |   | 30.18 |   |   |   |   |   | 684 |   |   |   | 1.14 |   |   |   | 34.80 |   |   |   |
| $                                 | 38.09 to $63.88 |               |   | 2,015 |   |   | 0.64 |   |   |   | 44.26 |   |   |   |   |   | 2,015 |   |   |   | 0.64 |   |   |   | 44.26 |   |   |   |
|                              |            |               |   | 6,237 |   |   | 2.11 |   |   | $ | 25.86 |   |  $ | 23,060 |   |   | 3,719 |   |   |   | 1.44 |   |   | $ | 34.54 |   |  $ | 5,095 |

----

|                                                      |   | 2010   |   |   | 2009   |   |   | 2008   |   |
|-----------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
| Outstanding options exercisable                           |   |   | 3,719  |   |   |   | 5,179  |   |   |   | 8,621 |   |
| Options and RSUs available for grant                 |   |   | 3,291  |   |   |   | 2,408  |   |   |   | 4,440 |   |
| Total reserved common stock shares for stock option plans |   |   | 9,528  |   |   |   | 11,011 |   |   |   | 13,800 |   |

|                                        |   | 2010   |   |   | 2009   |   |   | 2008   |   |
|---------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
| Selling, general and administrative expense |   | $      | 7,906  |   |   | $      | 5,182  |   |   | $ | 9,013 |   |
| Research and development expense            |   |   | 1,642  |   |   |   | 1,773  |   |   |   | 1,762 |   |
| Cost of sales                               |   |   | 1,871  |   |   |   | 450    |   |   |   | 353 |   |
| Total stock-based compensation expense      |   | $      | 11,419 |   |   | $      | 7,405  |   |   | $ | 11,128 |   |

|                    |   | 2010      |   |   | 2009           |   |   | 2008   |   |
|-------------------------|--------|-----------|--------|--------|----------------|--------|--------|--------|--------|
| Expected life           |   | 3.6 years |   |   | 3.8 years |   |   |   | N/A    |   |
| Risk free interest rate |   |      | 1.31   | %      |           |   | 1.99   | %      |   |   | N/A |   |
| Volatility              |   |      | 40.07  | %      |           |   | 55.25  | %      |   |   | N/A |   |
| Dividend yield          |   |      | 0.00   | %      |           |   | 0.00   | %      |   |   | N/A |   |

----

| ·   | Newport Fabrication Facility Consolidation |
|--------------------|--------------------------------------------|

| ·   | El Segundo Fabrication Facility Closure |
|--------------------|-----------------------------------------|

| ·   | Research and Development Facility Closure Initiative |
|--------------------|------------------------------------------------------|

| ·   | Termination of the Vishay Intertechnology, Inc. (“Vishay”) transition product services agreement (“TPSA”), related to the Company’s April 2007 Power Control Systems business divestiture (“Divestiture”) |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                            |   | 2010   |    |   | 2009   |   |   | 2008   |   |
|-----------------------------------------------------------------|--------|--------|---------|--------|--------|--------|--------|--------|--------|
| Reported in asset impairment, restructuring and other charges   |   |   |    |   |   |   |   |   |   |
|     Asset impairment                        |   | $      | — |   |   | $      | 48,885 |   |   | $ | — |   |
|     Severance and workforce reduction costs |   |   | 194     |   |   |   | 6,648  |   |   |   | 2,670 |   |
|     Other charges                           |   |   | 95      |   |   |   | 960    |   |   |   | 410 |   |
| Total asset impairment, restructuring and other charges         |   | $      | 289     |   |   | $      | 56,493 |   |   | $ | 3,080 |   |

|                                                           |   | Newport, Wales |    |   | El Segundo |   |    | All Other (1) |   |
|----------------------------------------------------------------|--------|----------------|---------|--------|------------|--------|---------|---------------|--------|
| Accrued severance and workforce reduction costs, July 1, 2007  |   | $              | — |   |       | $      | — |          |   | $ | 826 |   |
| Charged to asset impairment, restructuring and other charges   |   |           | — |   |       |   | — |          |   |   | 2,670 |   |
| Charged to operating expenses                                  |   |           | — |   |       |   | — |          |   |   | 5,674 |   |
| Costs paid                                                     |   |           | — |   |       |   | — |          |   |   | (8,095 | ) |
| Foreign exchange gains                                         |   |           | — |   |       |   | — |          |   |   | 16 |   |
| Accrued severance and workforce reduction costs, June 29, 2008 |   |           | — |   |       |   | — |          |   |   | 1,091 |   |
| Charged to asset impairment, restructuring and other charges   |   |           | 1,815   |   |       |   | 3,610   |          |   |   | 1,678 |   |
| Charged to operating expenses                                  |   |           | — |   |       |   | 468     |          |   |   | 238 |   |
| Costs paid                                                     |   |           | (1,574  | )      |       |   | (504    | )             |   |   | (2,216 | ) |
| Foreign exchange gains                                         |   |           | 118     |   |       |   | — |          |   |   | 1 |   |
| Change in provision                                            |   |           | — |   |       |   | (39     | )             |   |   | (416 | ) |
| Accrued severance and workforce reduction costs, June 28, 2009 |   |           | 359     |   |       |   | 3,535   |          |   |   | 376 |   |
| Charged to asset impairment, restructuring and other charges   |   |           | — |   |       |   | 357     |          |   |   | — |   |
| Charged to operating expenses                                  |   |           | — |   |       |   | 1,006   |          |   |   | 31 |   |
| Costs paid                                                     |   |           | (347    | )      |       |   | (2      | )             |   |   | (244 | ) |
| Foreign exchange gains                                         |   |           | (12     | )      |       |   | — |          |   |   | — |   |
| Change in provision                                            |   |           | — |   |       |   | — |          |   |   | (163 | ) |
| Accrued severance and workforce reduction costs, June 27, 2010 |   | $              | — |   |       | $      | 4,896   |          |   | $ | — |   |

| (1) | All Other includes accruals related to Research and Development Facility, the Divestiture, and Other Activities and Charges. |
|-----|------------------------------------------------------------------------------------------------------------------------------|

----

|                                                                       |   | Newport, Wales |    |   | El Segundo |   |    | Research & Development Facility |   |   | Divestiture and Other Charges |   |   | Total  |    |
|----------------------------------------------------------------------------|--------|----------------|---------|--------|------------|--------|---------|-------------------------------------|--------|--------|-------------------------------|--------|--------|--------|---------|
| Fiscal 2008 reported in asset impairment, restructuring and other charges: |   |           |    |   |       |   |    |                                |   |   |                          |   |   |   |    |
|     Severance and workforce reduction costs            |   | $              | — |   |       | $      | — |                                |   | $      | 2,670                         |   |   | $      | — |   |   | $ | 2,670 |   |
|     Other charges                                      |   |           | — |   |       |   | — |                                |   |   | 410                           |   |   |   | — |   |   |   | 410 |   |
| Total fiscal 2008 asset impairment, restructuring and other charges        |   | $              | — |   |       | $      | — |                                |   | $      | 3,080                         |   |   | $      | — |   |   | $ | 3,080 |   |
|                                                                       |   |           |    |   |       |   |    |                                |   |   |                          |   |   |   |    |   |   |   |   |   |
| Fiscal 2009 reported in asset impairment, restructuring and other charges: |   |           |    |   |       |   |    |                                |   |   |                          |   |   |   |    |   |   |   |   |   |
|      Asset impairment                             |   | $              | 48,885  |   |       | $      | — |                                |   | $      | —                       |   |   | $      | — |   |   | $ | 48,885 |   |
|     Severance and workforce reduction costs            |   |           | 1,815   |   |       |   | 3,571   |                                |   |   | 381                           |   |   |   | 881     |   |   |   | 6,648 |   |
|     Other charges                                      |   |           | 33      |   |       |   | 654     |                                |   |   | 273                           |   |   |   | — |   |   |   | 960 |   |
| Fiscal 2009 total asset impairment, restructuring and other charges        |   | $              | 50,733  |   |       | $      | 4,225   |                                |   | $      | 654                           |   |   | $      | 881     |   |   | $ | 56,493 |   |
|                                                                       |   |           |    |   |       |   |    |                                |   |   |                          |   |   |   |    |   |   |   |   |   |
| Fiscal 2010 reported in asset impairment, restructuring and other charges: |   |           |    |   |       |   |    |                                |   |   |                          |   |   |   |    |   |   |   |   |   |
|     Asset impairment                                   |   | $              | — |   |       | $      | — |                                |   | $      | —                       |   |   | $      | — |   |   | $ | — |   |
|     Severance and workforce reduction costs            |   |           | — |   |       |   | 357     |                                |   |   | (47                           | )      |   |   | (116    | ) |   |   | 194 |   |
|     Other charges                                      |   |           | — |   |       |   | — |                                |   |   | 95                            |   |   |   | — |   |   |   | 95 |   |
| Fiscal 2010 total asset impairment, restructuring and other charges        |   | $              | — |   |       | $      | 357     |                                |   | $      | 48                            |   |   | $      | (116    | ) |   | $ | 289 |   |

----

----

----

|                                           |   | June 27, 2010 |    |   | June 28, 2009      |   |    | June 29, 2008 |   |
|------------------------------------------------|--------|---------------|---------|--------|--------------------|--------|---------|---------------|--------|
| Business Segment                          |   | Revenues      |    |   | Percentageof Total |   |    | GrossMargin   |   |   | Revenues |   |   | Percentageof Total |   |   | GrossMargin |   |   | Revenues |   |   | Percentageof Total |   |   | GrossMargin |   |
| PMD                                            |   | $             | 345,610 |   |               |   | 38.6    | %             |   |   | 16.5 | % |   | $ | 233,737 |   |   |   | 31.6 | % |   |   | 10.9 | % |   | $ | 329,910 |   |   |   | 33.5 | % |   |   | 21.9 | % |
| ESP                                            |   |          | 185,404 |   |               |   | 20.7    |          |   |   | 40.3 |   |   |   | 151,090 |   |   |   | 20.4 |   |   |   | 36.7 |   |   |   | 166,325 |   |   |   | 16.9 |   |   |   | 34.6 |   |
| AP                                             |   |          | 72,932  |   |               |   | 8.1     |          |   |   | 24.2 |   |   |   | 54,061 |   |   |   | 7.3 |   |   |   | 21.5 |   |   |   | 85,275 |   |   |   | 8.7 |   |   |   | 31.8 |   |
| EP                                             |   |          | 128,691 |   |               |   | 14.4    |          |   |   | 42.3 |   |   |   | 87,473 |   |   |   | 11.8 |   |   |   | 37.1 |   |   |   | 160,357 |   |   |   | 16.3 |   |   |   | 36.2 |   |
| HiRel                                          |   |          | 153,213 |   |               |   | 17.1    |          |   |   | 51.7 |   |   |   | 148,266 |   |   |   | 20.0 |   |   |   | 51.7 |   |   |   | 152,855 |   |   |   | 15.5 |   |   |   | 50.4 |   |
| Ongoing customer segments total                |   |          | 885,850 |   |               |   | 98.9    |          |   |   | 32.0 |   |   |   | 674,627 |   |   |   | 91.1 |   |   |   | 29.9 |   |   |   | 894,722 |   |   |   | 90.9 |   |   |   | 32.6 |   |
| IP                                             |   |          | 9,447   |   |               |   | 1.1     |          |   |   | 100.0 |   |   |   | 27,673 |   |   |   | 3.7 |   |   |   | 100.0 |   |   |   | 30,490 |   |   |   | 3.1 |   |   |   | 100.0 |   |
|    Ongoing segments  total |   |          | 895,297 |   |               |   | 100.0   |          |   |   | 32.7 |   |   |   | 702,300 |   |   |   | 94.9 |   |   |   | 32.6 |   |   |   | 925,212 |   |   |   | 93.9 |   |   |   | 34.9 |   |
| TS                                             |   |          | ― |   |               |   | ― |          |   |   | ― |   |   |   | 38,119 |   |   |   | 5.1 |   |   |   | (11.3 | ) |   |   | 59,618 |   |   |   | 6.1 |   |   |   | 0.4 |   |
| Consolidated total                             |   | $             | 895,297 |   |               |   | 100.0   | %             |   |   | 32.7 | % |   | $ | 740,419 |   |   |   | 100.0 | % |   |   | 30.4 | % |   | $ | 984,830 |   |   |   | 100.0 | % |   |   | 32.8 | % |

----

|                                 |   | 2010   |    |   | 2009   |   |    | 2008   |   |
|--------------------------------------|--------|--------|---------|--------|--------|--------|---------|--------|--------|
| Revenues from Unaffiliated Customers |   |   |    |   |   |   |    |   |   |
| The United States                    |   | $      | 204,474 |   |   | $      | 218,781 |   |   | $ | 272,928 |   |
| Asia                                 |   |   | 516,993 |   |   |   | 364,795 |   |   |   | 484,516 |   |
| Europe                               |   |   | 164,383 |   |   |   | 129,169 |   |   |   | 196,896 |   |
| Subtotal                             |   |   | 885,850 |   |   |   | 712,745 |   |   |   | 954,340 |   |
| Royalties (unallocated)              |   |   | 9,447   |   |   |   | 27,674  |   |   |   | 30,490 |   |
| Total                                |   | $      | 895,297 |   |   | $      | 740,419 |   |   | $ | 984,830 |   |
| Long-lived Assets                    |   |   |    |   |   |   |    |   |   |   |   |   |
| The United States                    |   | $      | 235,021 |   |   | $      | 247,546 |   |   | $ | 286,088 |   |
| Asia                                 |   |   | 28,139  |   |   |   | 30,388  |   |   |   | 37,528 |   |
| Europe                               |   |   | 131,203 |   |   |   | 145,690 |   |   |   | 252,734 |   |
| Total                                |   | $      | 394,363 |   |   | $      | 423,624 |   |   | $ | 576,350 |   |

|                                                               |   | Fiscal Years Ended |    |
|--------------------------------------------------------------------|--------|--------------------|---------|
|                                                               |   | 2010               |    |   | 2009 |   |   | 2008 |   |
| Domestic                                                           |   | $                  | (19,787 | ) |   | $ | (130,566 | ) |   | $ | (154,624 | ) |
| Foreign                                                            |   |               | 48,422  |   |   |   | (21,512 | ) |   |   | 53,115 |   |
| Total income (loss) from continuing operations before income taxes |   | $                  | 28,635  |   |   | $ | (152,078 | ) |   | $ | (101,509 | ) |

|                      |   | Fiscal Years Ended |    |
|---------------------------|--------|--------------------|---------|
|                      |   | 2010               |    |   | 2009 |   |   | 2008 |   |
| Current income taxes:     |   |               |    |   |   |   |   |   |   |
| Domestic                  |   | $                  | (31,307 | ) |   | $ | (15,008 | ) |   | $ | (41,020 | ) |
| Foreign                   |   |               | (15,000 | ) |   |   | 6,246 |   |   |   | 17,112 |   |
|                      |   | $                  | (46,307 | ) |   | $ | (8,762 | ) |   |   | (23,908 | ) |
| Deferred income taxes:    |   |               |    |   |   |   |   |   |   |   |   |   |
| Domestic                  |   | $                  | (4,983  | ) |   |  $ | 78,117 |   |   |  $ | (16,132 | ) |
| Foreign                   |   |               | (902    | ) |   |   | 25,984 |   |   |   | (2,228 | ) |
|                      |   |               | (5,885  | ) |   |   | 104,101 |   |   |   | (18,360 | ) |
| Total (benefit) provision |   | $                  | (52,192 | ) |   | $ | 95,339 |   |   | $ | (42,268 | ) |

----

|                                |   | Fiscal Years Ended |    |
|-------------------------------------|--------|--------------------|---------|
|                                |   | 2010               |    |   | 2009 |   |   | 2008 |   |
| Statutory tax rate                  |   |               | 35.0    | % |   |   | (35.0 | )% |   |   | (35.0 | )% |
| State taxes, net of federal benefit |   |               | 6.0     |   |   |   | ― |   |   |   | (3.1 | ) |
| Change in valuation allowance       |   |               | (8.6    | ) |   |   | 105.1 |   |   |   | (1.2 | ) |
| Multijurisdictional taxation        |   |               | (35.7   | ) |   |   | (4.7 | ) |   |   | (2.5 | ) |
| Actual and deemed foreign dividends |   |               | 51.3    |   |   |   | 23.9 |   |   |   | 6.8 |   |
| Foreign tax credit                  |   |               | (21.5   | ) |   |   | (12.3 | ) |   |   | (2.4 | ) |
| Research and development credit     |   |               | (4.7    | ) |   |   | (3.1 | ) |   |   | (2.1 | ) |
| Uncertain tax positions             |   |               | (205.1  | ) |   |   | (14.6 | ) |   |   | (11.1 | ) |
| Goodwill impairment                 |   |               | ― |   |   |   | 3.6 |   |   |   | 7.1 |   |
| Other, net                          |   |               | 1.0     |   |   |   | (0.2 | ) |   |   | 1.9 |   |
| Effective tax rate (benefit)        |   |               | (182.3  | )% |   |   | 62.7 | % |   |   | (41.6 | )% |

|                                   |   | June 27, 2010 |     |   | June 28, 2009 |   |
|----------------------------------------|--------|---------------|----------|--------|---------------|--------|
| Deferred tax assets:                   |   |          |     |   |          |   |
| Accrued expenses                       |   | $             | 16,348   |   |          | $      | 47,394 |   |
| Accrued compensation                   |   |          | 18,501   |   |          |   | 16,768 |   |
| Property, plant and equipment          |   |          | 63,975   |   |          |   | 64,093 |   |
| Unrealized loss on securities          |   |          | 318      |   |          |   | — |   |
| Net operating loss carryforward        |   |          | 58,477   |   |          |   | 23,605 |   |
| Research and experimental credits      |   |          | 39,302   |   |          |   | 39,043 |   |
| Other tax credits                      |   |          | 25,753   |   |          |   | 19,031 |   |
| Other                                  |   |          | 22,350   |   |          |   | 45,795 |   |
| Total deferred tax assets              |   |          | 245,023  |   |          |   | 255,729 |   |
| Valuation allowance                    |   |          | (236,405 | )      |          |   | (248,666 | ) |
| Deferred tax liabilities:              |   |          |     |   |          |   |   |   |
| Unrealized gain on securities          |   |          | (4,682   | )      |          |   | (2,905 | ) |
| Unrealized gain on functional currency |   |          | ―  |   |          |   | (230 | ) |
| Other                                  |   |          | (1,133   | )      |          |   | (1,943 | ) |
| Total deferred tax liabilities         |   |          | (5,815   | )      |          |   | (5,078 | ) |
| Net deferred tax assets                |   | $             | 2,803    |   |          | $      | 1,985 |   |

----

----

| Beginning balances of June 29, 2008                          |   | $      | 85,657  |   |
|--------------------------------------------------------------|--------|--------|---------|--------|
| Increases for positions taken in current year                |   |   | 1,399   |   |
| Increases for positions taken in a prior year                |   |   | 45,424  |   |
| Decreases for positions taken in a prior year                |   |   | (59,984 | )      |
| Decreases for settlements with taxing authorities            |   |   | (629    | )      |
| Decreases for lapses in the applicable statute of limitation |   |   | (5,643  | )      |
| Unrecognized tax benefits at June 28, 2009                   |   | $      | 66,224  |   |
|                                                         |   |   |    |   |
| Increases for positions taken in current year                |   | $      | 23,738  |   |
| Increases for positions taken in a prior year                |   |   | 6,506   |   |
| Decreases for positions taken in a prior year                |   |   | (11,548 | )      |
| Decreases for settlements with taxing authorities            |   |   | (35,275 | )      |
| Decreases for lapses in the applicable statute of limitation |   |   | (4,433  | )      |
| Unrecognized tax benefits at June 27, 2010                   |   | $      | 45,212  |   |

----

|                                                |   | Fiscal Years Ended |   |
|-----------------------------------------------------|--------|--------------------|--------|
|                                                |   | June 27, 2010      |   |   | June 28, 2009 |   |   | June 29, 2008 |   |
| Net income (loss)                                   |   | $                  | 80,827 |   |   | $ | (247,417 | ) |   | $ | (59,241 | ) |
| Less: Income allocated to participating securities  |   |               | 465    |   |   |   | — |   |   |   | — |   |
| Income available to common stockholders             |   |               | 80,362 |   |   |   | (247,417 | ) |   | $ | (59,241 | ) |
| Earnings per common share – basic             |   |               |   |   |   |   |   |   |   |   |   |   |
| Weighted average shares outstanding                 |   |               | 70,958 |   |   |   | 72,295 |   |   |   | 72,819 |   |
| Basic income(loss) per share                        |   | $                  | 1.13   |   |   | $ | (3.42 | ) |   | $ | (0.81 | ) |
| Earnings per common share – diluted           |   |               |   |   |   |   |   |   |   |   |   |   |
| Basic weighted average shares outstanding           |   |               | 70,958 |   |   |   | 72,295 |   |   |   | 72,819 |   |
| Effect of dilutive securities – stock options |   |               | 290    |   |   |   | — |   |   |   | — |   |
| Diluted weighted-average shares                     |   |               | 71,248 |   |   |   | 72,295 |   |   |   | 72,819 |   |
| Diluted income (loss) per share                     |   | $                  | 1.13   |   |   | $ | (3.42 | ) |   | $ | (0.81 | ) |

----

----

| Fiscal Year |   | Minimum Fixed Rentals |   |
|-------------|--------|-----------------------|--------|
| 2011        |   | $                     | 7.6    |   |
| 2012        |   |                  | 2.9    |   |
| 2013        |   |                  | 1.9    |   |
| 2014        |   |                  | 0.8    |   |
| 2015        |   |                  | 0.5    |   |
| Thereafter  |   |                  | 0.1    |   |
| Total       |   | $                     | 13.8   |   |

----

----

----

|                                                                                |   | Three Months Ended     |    |
|-------------------------------------------------------------------------------------|--------|------------------------|---------|
| Year Ended June 27, 2010                                                       |   | September 27,2009 |    |   | December 27,2009 |   |   | March 28,2010 |   |   | June 27,2010 |   |
| Revenues                                                                            |   | $                      | 179,371 |   |   | $ | 210,244 |   |   | $ | 241,886 |   |   | $ | 263,796 |   |
| Cost of sales                                                                       |   |                   | 132,014 |   |   |   | 147,426 |   |   |   | 154,576 |   |   |   | 168,684 |   |
| Gross profit                                                                        |   |                   | 47,357  |   |   |   | 62,818 |   |   |   | 87,310 |   |   |   | 95,112 |   |
| Selling, general and administrative expense                                         |   |                   | 43,582  |   |   |   | 37,285 |   |   |   | 43,135 |   |   |   | 45,188 |   |
| Research and development expense                                                    |   |                   | 22,827  |   |   |   | 24,215 |   |   |   | 25,649 |   |   |   | 26,619 |   |
| Amortization of acquisition-related intangible assets                               |   |                   | 1,094   |   |   |   | 1,094 |   |   |   | 1,093 |   |   |   | 1,094 |   |
| Asset impairment, restructuring and other charges                                   |   |                   | 167     |   |   |   | (30 | ) |   |   | 117 |   |   |   | 35 |   |
| Operating income (loss)                                                             |   |                   | (20,313 | ) |   |   | 254 |   |   |   | 17,316 |   |   |   | 22,176 |   |
| Other expense (income), net                                                         |   |                   | 778     |   |   |   | 1,009 |   |   |   | 318 |   |   |   | (86 | ) |
| Interest income, net                                                                |   |                   | (3,970  | ) |   |   | (2,488 | ) |   |   | (2,573 | ) |   |   | (2,190 | ) |
| Income (loss) before income taxes                                                   |   |                   | (17,121 | ) |   |   | 1,733 |   |   |   | 19,571 |   |   |   | 24,452 |   |
| Benefit to income taxes                                                             |   |                   | (221    | ) |   |   | (26,585 | ) |   |   | (20,816 | ) |   |   | (4,570 | ) |
| Net income (loss)                                                                   |   | $                      | (16,900 | ) |   | $ | 28,318 |   |   | $ | 40,387 |   |   | $ | 29,022 |   |
| Net income (loss) per common share:                                                 |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic:                                                                              |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income (loss) per common share                                                  |   | $                      | (0.24   | ) |   | $ | 0.40 |   |   | $ | 0.57 |   |   | $ | 0.41 |   |
| Diluted:                                                                            |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income (loss) per common share                                                  |   | $                      | (0.24   | ) |   | $ | 0.39 |   |   | $ | 0.56 |   |   | $ | 0.41 |   |
| Average common shares outstanding—basic                                       |   |                   | 71,218  |   |   |   | 71,605 |   |   |   | 70,850 |   |   |   | 70,553 |   |
| Average common shares and potentially dilutive securities outstanding—diluted |   |                   | 71,218  |   |   |   | 71,827 |   |   |   | 71,176 |   |   |   | 71,014 |   |

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|                                                                                |   | Three Months Ended     |    |
|-------------------------------------------------------------------------------------|--------|------------------------|---------|
| Year Ended June 28, 2009                                                       |   | September 28,2008 |    |   | December 28,2008 |   |   | March 29,2009 |   |   | June 28,2009 (1) |   |
| Revenues                                                                            |   | $                      | 244,474 |   |   | $ | 189,746 |   |   | $ | 146,642 |   |   | $ | 159,557 |   |
| Cost of sales                                                                       |   |                   | 148,082 |   |   |   | 125,403 |   |   |   | 115,706 |   |   |   | 126,372 |   |
| Gross profit                                                                        |   |                   | 96,392  |   |   |   | 64,343 |   |   |   | 30,936 |   |   |   | 33,185 |   |
| Selling, general and administrative expense                                         |   |                   | 64,877  |   |   |   | 61,528 |   |   |   | 52,704 |   |   |   | 82,959 |   |
| Research and development expense                                                    |   |                   | 24,717  |   |   |   | 24,901 |   |   |   | 22,379 |   |   |   | 26,214 |   |
| Impairment of goodwill                                                              |   |                   | — |   |   |   | — |   |   |   | 23,867 |   |   |   | — |   |
| Amortization of acquisition-related intangible assets                               |   |                   | 1,097   |   |   |   | 1,098 |   |   |   | 1,096 |   |   |   | 1,117 |   |
| Asset impairment, restructuring and other charges                                   |   |                   | 471     |   |   |   | 48,976 |   |   |   | 7,117 |   |   |   | (71 | ) |
| Gain on divestiture                                                                 |   |                   | — |   |   |   | — |   |   |   | — |   |   |   | (96,136 | ) |
| Operating income (loss)                                                             |   |                   | 5,230   |   |   |   | (72,160 | ) |   |   | (76,227 | ) |   |   | 19,102 |   |
| Other expense, net                                                                  |   |                   | 14,582  |   |   |   | 10,626 |   |   |   | 11,599 |   |   |   | 2,910 |   |
| Interest (income) expense, net                                                      |   |                   | (5,060  | ) |   |   | 769 |   |   |   | (4,091 | ) |   |   | (3,312 | ) |
| Income (loss) before income taxes                                                   |   |                   | (4,292  | ) |   |   | (83,555 | ) |   |   | (83,735 | ) |   |   | 19,504 |   |
| Benefit (provision) for income taxes                                                |   |                   | (106    | ) |   |   | 106,197 |   |   |   | (1,163 | ) |   |   | (9,589 | ) |
| Net income (loss)                                                                   |   | $                      | (4,186  | ) |   | $ | (189,752 | ) |   | $ | (82,572 | ) |   | $ | 29,093 |   |
| Net income (loss) per common share:                                                 |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic:                                                                              |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income (loss) per common share                                                  |   | $                      | (0.06   | ) |   | $ | (2.61 | ) |   | $ | (1.15 | ) |   | $ | 0.40 |   |
| Diluted:                                                                            |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income (loss) per common share                                                  |   | $                      | (0.06   | ) |   | $ | (2.61 | ) |   | $ | (1.15 | ) |   | $ | 0.40 |   |
| Average common shares outstanding—basic                                       |   |                   | 72,843  |   |   |   | 72,692 |   |   |   | 72,102 |   |   |   | 71,538 |   |
| Average common shares and potentially dilutive securities outstanding—diluted |   |                   | 73,843  |   |   |   | 72,692 |   |   |   | 72,102 |   |   |   | 71,548 |   |

|   | (1)   Earnings per share for the fourth quarter of fiscal year 2009 have been restated to reflect the two-class method for computing earnings per share.  See Notes 1 and 11. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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ITEM 9

ITEM 9A

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| (i)   | pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of assets; |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------|

| (ii)   | provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that our receipts and expenditures are being made only in accordance with authorizations of management and our directors; and |
|------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (iii)   | provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of our assets that could have a material effect on the financial statements. |
|-------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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ITEM 9B

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PART III

| Plan category                                         |   | Number ofsecurities to beissued uponexercise ofoutstandingoptions, warrantsand rights(a) |      |   | Weighted-averageexercise price ofoutstandingoptions, warrantsand rights(b) |   |    | Number of securitiesremaining availablefor future issuanceunder equitycompensation plans(excluding securitiesreflected in column (a))(c) |   |
|------------------------------------------------------------|--------|------------------------------------------------------------------------------------------|-----------|--------|----------------------------------------------------------------------------|--------|---------|------------------------------------------------------------------------------------------------------------------------------------------|--------|
| Equity compensation plans approved by security holders     |   |                                                                                     | 5,784,657 |   |                                                                       | $      | 27.88   | (1)                                                                                                                                      |   |   | 3,291,090 | (2) |
| Equity compensation plans not approved by security holders |   |                                                                                     | —   |   |                                                                       |   | — |                                                                                                                                     |   |   | — |   |
| Total                                                      |   |                                                                                     | 5,784,657 |   |                                                                       | $      | 27.88   |                                                                                                                                     |   |   | 3,291,090 |   |

| (1) | Calculated exclusive of outstanding restricted stock unit awards |
|-----|------------------------------------------------------------------|

| (2) | Includes shares available for future issuance under the 2000 Employee Stock Participation Plan |
|-----|------------------------------------------------------------------------------------------------|

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ITEM 14

|   | a. | Financial Statements and Financial Statement Schedule being filed as part of this report are listed in the index on page 49. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------|

|   | b. | Exhibits filed as part of this report are listed on the Exhibit Index on page 116. |
|--------|----|-----------------------------------------------------------------------------------------|

| Exhibit No. | Item                                                                                                                                                                                                                                                     |   | Document                                                                                                                                                                    |
|-------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3(a)        | Certificate of Incorporation of the Company, as amended through July 19, 2004                                                                                                                                                                            |   | Registration Statement on Form S-8 filed with the Securities and Exchange Commission on July 19, 2004, Registration No. 333-117489. (Exhibit 3.1)       |
| 3(b)        | Amendment to Certificate of Incorporation, dated November 13, 2009                                                                                                                                                                                  |   | Form 10-Q for the quarterly period ended December 27, 2009, filed with the Securities and Exchange Commission on February 3, 2010. (Exhibit 3.2)                            |
| 3(c)        | Bylaws as Amended and Restated                                                                                                                                                                                                                 |   | Form 8-K filed August 24, 2010 ,with the Securities and Exchange Commission. (Exhibit 3.1)                                                                                  |
| 4(a)        | Amended and Restated Rights Agreement between International Rectifier Corporation and Chase Mellon Shareholder Services, LLC, dated as of December 15, 1998                                                                                    |   | Form 10-K—Annual Report for fiscal year ended June 30, 1999, filed with the Securities and Exchange Commission on October 1, 1999. (Exhibit 4(a)) |
| 4(b)        | Registration Rights Agreement, dated as of July 19, 2000, by and among International Rectifier Corporation, as Issuer, and Morgan Stanley & Co. Incorporated, J.P. Morgan & Co. and Banc of America Securities LLC |   | Current Report on Form 8-K filed with the Securities and Exchange Commission on July 28, 2000. (Exhibit 4.1)                                                 |
| 10(a)*      | International Rectifier Corporation 1997 Employee Stock Incentive Plan                                                                                                                                                                                   |   | Registration Statement on Form S-8 filed with the Securities and Exchange Commission on February 26, 1998, Registration No. 33-46901. (Exhibit 4.1)     |
| 10(b)*      | Amendment to International Rectifier Corporation 1997 Employee Stock Incentive Plan, dated October 1, 2001                                                                                                                                          |   | Registration Statement on Form S-8 filed with the Securities and Exchange Commission on October 1, 2001, Registration No. 333-70560. (Exhibit 4.2)      |
| 10(c)*      | International Rectifier Corporation Amended and Restated Stock Incentive Plan of 1992                                                                                                                                                                    |   | Registration Statement on Form S-8 filed with the Securities and Exchange Commission on December 2, 1997, Registration No. 33-41363. (Exhibit 4.1)      |

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| 10(d)* | International Rectifier Corporation Retirement Savings Plan                                                                                                                                                                                                                                                                          |   | Registration Statement on Form S-8 filed with the Securities and Exchange Commission on June 24, 1998, Registration No. 33-57575. (Exhibits 4.1, 4.2 and 4.3)  |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10(e)* | Amendment to International Rectifier Corporation Amended and Restated Stock Incentive Plan of 1992 effective as of February 20, 2002                                                                                                                                                                                                 |   | Form 10-Q--for the quarterly period ended March 31, 2001, filed with the Securities and Exchange Commission on May 16, 2001. (Exhibit 2)                                      |
| 10(f)* | International Rectifier Corporation 2000 Stock Incentive Plan                                                                                                                                                                                                                                                                        |   | Registration Statement on Form S-8 filed with the Securities and Exchange Commission on May 18, 2000, Registration Number 333-37308. (Exhibit 4)               |
| 10(g)* | International Rectifier Corporation 1997 Stock Incentive Plan                                                                                                                                                                                                                                                                        |   | Registration Statement on Form S-8 filed with the Securities and Exchange Commission on October 1, 2001, Registration Number 333-41904. (Exhibit 4.1)          |
| 10(h)* | International Rectifier Corporation 2000 Incentive Plan (Amended and Restated as of September 28, 2000)                                                                                                                                                                                                                         |   | Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on October 12, 2000. (Annex to Proxy Statement)                                        |
| 10(i)* | International Rectifier Corporation Restated 1984 Stock Participation Plan                                                                                                                                                                                                                                                           |   | Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on October 10, 2003. (Annex A)                                                    |
| 10(j)* | Amended and Restated International Rectifier Corporation 2000 Stock Incentive Plan, effective as of November 24, 2004.                                                                                                                                                                                                          |   | Form 8-K dated November 24, 2004, filed with the Securities and Exchange Commission. (Exhibit 99.1)                                                                 |
| 10(k)* | International Rectifier Corporation Deferred Compensation Plan                                                                                                                                                                                                                                                                       |   | Form 10-Q—for the quarterly period ended September 30, 2004, filed with the Securities and Exchange Commission on November 12, 2004. (Exhibit 10.1)      |
| 10(l)* | Master Trust Agreement, effective as of November 11, 2004, between International Rectifier Corporation, a Delaware corporation, and Wilmington Trust Company, a Delaware corporation, as trustee, to evidence the master trust to be established pursuant to the International Rectifier Corporation Deferred Compensation Plan |   | Form 10-Q—for the quarterly period ended September 30, 2004, filed with the Securities and Exchange Commission on November 12, 2004. (Exhibit 10.2)      |
| 10(m)* | Amended and Restated 1984 Stock Participation Plan, Effective as of November 21, 2005                                                                                                                                                                                                                                           |   | Form 8-K dated November 21, 2005, filed with the Securities and Exchange Commission on November 21, 2005. (Exhibit 99.1)                                       |
| 10(n)  | Credit Agreement, Dated June 27, 2006, Between International Rectifier Southeast Asia Pte. Ltd., and Bank of America, N.A. as Administrative Agent and Sole Initial Lender                                                                                                                                                 |   | Form 8-K dated July 3, 2006, filed with Securities Exchange Commission. (Exhibit 10.1)                                                                              |
| 10(o)  | First Amendment to the Amended and Restated Rights Agreement dated August 11, 2006                                                                                                                                                                                                                                              |   | Form 10-K—Annual Report for fiscal year ended June 30, 2006, dated September 15, 2006, filed with the Securities and Exchange Commission. (Exhibit 10.1) |
| 10(p)  | May 8, 2006 Confirmation between BNP Paribas Paris and International Rectifier Corp. Dated as of July 1, 1999, as Amended                                                                                                                                                                                                  |   | Form 10-K—Annual Report for fiscal year ended June 30, 2006, dated September 15, 2006, filed with the Securities and Exchange Commission. (Exhibit 10.2) |

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| 10(q)  | Credit Agreement, dated November 6, 2006, by and among the Company, the lenders described therein, Bank of America, N.A., as syndication agent, and HSBC Bank USA, National Association and Deutsche Bank AG New York Branch, as co-documentation agents                           |   | Form 8-K, dated November 9, 2006, filed with Securities and Exchange Commission. (Exhibit 99.1)                                         |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10(r)  | Guaranty, Dated June 27, 2006, Executed by International Rectifier Corporation in Favor of Bank of America, N.A.                                                                                                                                                                   |   | Form 8-K dated July 3, 2006, filed with Securities Exchange Commission. (Exhibit 10.2)                                                  |
| 10(s)* | Transition and General Release Agreement, dated October 9, 2006, by and between Walter Lifsey and International Rectifier Corporation                                                                                                                                              |   | Form 8-K, dated October 12, 2006, filed with the Securities Exchange Commission. (Exhibit 99.1)                                         |
| 10(t)  | Master Purchase Agreement, dated November 8, 2006, by and between International Rectifier Corporation and Vishay Intertechnology, Inc. with respect to all outstanding capital stock of the Target Companies and certain of the assets of International Rectifier Corporation |   | Form 8-K, dated November 14, 2006, filed with the Securities Exchange Commission. (Exhibit 2.1) |
| 10(u)  | Asset Purchase Agreement, dated November 8, 2006, by and among International Rectifier Corporation, International Rectifier Southeast Asia Pte, Ltd. and Vishay Intertechnology, Inc. with respect to certain assets of its Power Control Systems Business               |   | Form 8-K, dated November 14, 2006, filed with the Securities Exchange Commission. (Exhibit 2.2)                                         |
| 10(v)  | Stock Purchase Agreement dated November 8, 2006, by and between International Rectifier Corporation and Vishay Intertechnology, Inc. with respect to all outstanding capital stock of International Rectifier Electronic Motion Systems Ltd.                             |   | Form 8-K, dated November 14, 2006, filed with the Securities Exchange Commission. (Exhibit 2.3)                                         |
| 10(w)  | Stock Purchase Agreement, dated November 8, 2006, by and between International Rectifier Corporation and Vishay Intertechnology, Inc. with respect to all outstanding capital stock of International Rectifier Canada Limited                                                 |   | Form 8-K, dated November 14, 2006, filed with the Securities Exchange Commission. (Exhibit 2.4)                                         |
| 10(x)  | Stock Purchase Agreement, dated November 8, 2006, by and between International Rectifier Corporation and Vishay Intertechnology, Inc. with respect to all outstanding capital stock of IR Germany Holdings                                                                    |   | Form 8-K, dated November 14, 2006, filed with the Securities Exchange Commission. (Exhibit 2.5)                                         |
| 10(y)  | Stock Purchase Agreement, dated November 8, 2006, by and between International Rectifier Corporation and Vishay Intertechnology, Inc. with respect to all outstanding capital stock of International Rectifier (India) Limited                                                |   | Form 8-K, dated November 14, 2006, filed with the Securities Exchange Commission. (Exhibit 2.6)                                         |
| 10(z)  | Stock Purchase Agreement, dated November 8, 2006, by and between International Rectifier Corporation and Vishay Intertechnology, Inc. with respect to all outstanding capital stock of International Rectifier Corporation Italiana S.p.A.                               |   | Form 8-K, dated November 14, 2006, filed withthe Securities Exchange Commission. (Exhibit 2.7)       |
| 10(aa) | Stock Purchase Agreement, dated November 8, 2006, by and between International Rectifier Corporation and Vishay Intertechnology, Inc. with respect to all outstanding capital stock of Xi'an IR Micro-Electronics Co., Ltd.                                         |   | Form 8-K, dated November 14, 2006, filed with the Securities Exchange Commission. (Exhibit 2.8)                                         |

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| 10(bb) | Transition Services Agreement, dated November 8, 2006, by and between International Rectifier Corporation and Vishay Intertechnology,  Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | Form 8-K, dated November 14, 2006, filed with the Securities Exchange Commission. (Exhibit 99.1)                                                                 |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10(cc) | First Amendment to Master Purchase Agreement and Stock Purchase Agreement, dated January 23, 2007, by and between International Rectifier Corporation and Vishay International, Inc.                                                                                                                                                                                                                                                                                                                                                                                                        |   | Form 10-Q—for the quarterly period ended December 31, 2006, dated February 9, 2007, filed with the Securities and Exchange Commission. (Exhibit 10.1) |
| 10(dd) | Second Amendment to the Amended and Restated Rights Agreement, dated November 20, 2006, by and between International Rectifier Corporation and Mellon Investor Services                                                                                                                                                                                                                                                                                                                                                                                                                          |   | Form 10-Q—for the quarterly period ended December 31, 2006, dated February 9, 2007, filed with the Securities and Exchange Commission. (Exhibit 10.2) |
| 10(ee) | Amendment and Waiver Agreement, dated March 30, 2007, by and among Vishay Intertechnology, Inc., Siliconix Inc., V.I.E.C.,  Ltd., Vishay Europe GmbH, Siliconix Semiconductor, Inc., acting in its function ( hoedanigheid ) as managing partner ( beherend vennoot ) of the limited partnership ( commanditaire vennootschap ), Siliconix Technology C.V., Vishay Americas, Inc., Vishay Asia Logistics Pte. Ltd., International Rectifier Corporation, International Rectifier Southeast Asia Pte, Ltd. and IR International Holdings China, Inc. |   | Form 8-K, dated April 9, 2007, filed with the Securities Exchange Commission. (Exhibit 2.1)                                                                      |
| 10(ff) | Technology License Agreement, dated April 1, 2007, by and between International Rectifier Corporation and Vishay Intertechnology,  Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | Form 8-K, dated April 9, 2007, filed with the Securities Exchange Commission. (Exhibit 99.1)                                                                     |
| 10(gg) | Technology License Back Agreement, dated April 1, 2007, by and between Vishay Intertechnology, Inc. and International Rectifier Corporation                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | Form 8-K, dated April 9, 2007, filed with the Securities Exchange Commission. (Exhibit 99.2)                             |
| 10(hh) | Trademark License Agreement, dated April 1, 2007, by and between International Rectifier Corporation and Vishay Intertechnology,  Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   | Form 8-K, dated April 9, 2007, filed with the Securities Exchange Commission. (Exhibit 99.3)                                                                     |
| 10(ii) | IR Trademark License Agreement, dated April 1, 2007, by and between International Rectifier Corporation and Vishay Intertechnology,  Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | Form 8-K, dated April 9, 2007, filed with the Securities Exchange Commission. (Exhibit 99.4)                                                                     |
| 10(jj) | Amended and Restated Transition Services Agreement, dated April 1, 2007, by and between International Rectifier Corporation and Vishay Intertechnology, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                |   | Form 8-K, dated April 9, 2007, filed with the Securities Exchange Commission. (Exhibit 99.5)                                                                     |
| 10(kk) | Transition Product Services Agreement, dated April 1, 2007, by and among International Rectifier Corporation, International Rectifier Southeast Asia Pte. Ltd., Vishay Intertechnology and Vishay Asia Logistics Pte Ltd.                                                                                                                                                                                                                                                                                                                                                              |   | Form 8-K, dated April 9, 2007, filed with the Securities Exchange Commission. (Exhibit 99.6)                                                                     |
| 10(ll) | Transition Buy Back Die Supply Agreement, dated April 1, 2007, by and between International Rectifier Corporation and Vishay Intertechnology                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | Form 8-K, dated April 9, 2007, filed with the Securities Exchange Commission. (Exhibit 99.7)                                                                     |
| 10(mm) | Transition IGBT/Auto Die Supply Agreement, dated April 1, 2007, by and between International Rectifier Corporation and Vishay Intertechnology                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | Form 8-K, dated April 9, 2007, filed with the Securities Exchange Commission. (Exhibit 99.8)                                                                     |
| 10(nn) | Indemnification Escrow Agreement, dated April 1, 2007, by and among Vishay Intertechnology, Inc., International Rectifier Corporation and Union Bank of California, N.A., as escrow agent                                                                                                                                                                                                                                                                                                                                                                                                   |   | Form 8-K, dated April 9, 2007, filed with the Securities Exchange Commission. (Exhibit 99.9)                                                                     |

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| 10(oo)  | Amendment No. 1, dated May 4, 2007, by and among International Rectifier Corporation, a Delaware corporation ("IRC"), JPMorgan Chase Bank, National Association, as administrative agent, and the other lender parties, with respect to that certain Credit Agreement, dated November 6, 2006, by and among IRC, the lenders described therein, Bank of America, N.A., as syndication agent, and HSBC Bank USA, National Association and Deutsche Bank AG New York Branch, as co-documentation agents, and JPMorgan Chase Bank, National Association, as administrative agent                              |   | Form 8-K, dated May 8, 2007, filed with the Securities Exchange Commission. (Exhibit 99.1)        |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10(pp)  | Amendment No. 1, dated May 4, 2007, by and between International Rectifier Corporation, a Delaware corporation ("IRC"), and Bank of America, N.A., as administrative agent, with respect to that certain Continuing Guaranty, dated June 27, 2006, executed by IRC in favor of Bank of America, N.A. and the other lenders in connection with that certain Credit Agreement, dated June 27, 2006, by and among International Rectifier Southeast Asia Pte. Ltd., a company organized under the laws of Singapore, Bank of America, N.A., as administrative agent, and the lenders party thereto  |   | Form 8-K, dated May 8, 2007, filed with the Securities Exchange Commission. (Exhibit 99.2)                                                |
| 10(qq)  | Amendment No. 2, dated June 27, 2007, by and among International Rectifier Corporation, a Delaware corporation ("IRC"), JPMorgan Chase Bank, National Association, as administrative agent, and the other lender parties, with respect to that certain Credit Agreement, dated November 6, 2006, by and among IRC, the lenders described therein, Bank of America, N.A., as syndication agent, and HSBC Bank USA, National Association and Deutsche Bank AG New York Branch, as co-documentation agents, and JPMorgan Chase Bank, National Association, as administrative agent                                 |   | Form 8-K, dated July 2, 2007, filed with the Securities Exchange Commission. (Exhibit 99.1)                                               |
| 10(rr)  | Amendment No. 3, dated September 13, 2007, by and among International Rectifier Corporation, a Delaware corporation ("IRC"), JPMorgan Chase Bank, National Association, as administrative agent, and the other lender parties, with respect to that certain Credit Agreement, dated November 6, 2006, as amended, by and among IRC, the lenders described therein, Bank of America, N.A., as syndication agent, and HSBC Bank USA, National Association and Deutsche Bank AG New York Branch, as co-documentation agents, and JPMorgan Chase Bank, National Association, as administrative agent                |   | Form 8-K, dated September 19, 2007, filed with the Securities Exchange Commission. (Exhibit 99.1) |
| 10(ss)  | Separation Agreement, dated October 2, 2007, by and between International Rectifier Corporation and Alex Lidow                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | Form 8-K, dated October 2, 2007, filed with the Securities Exchange Commission. (Exhibit 99.1)                                            |
| 10(tt)* | Form of Option Grant Commitment Letter                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | Form 8-K, dated October 23, 2007, filed with the Securities Exchange Commission. (Exhibit 99.1)                                           |

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| 10(uu)*  | Donald R. Dancer Severance Agreement, dated October 29, 2007                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | Form 8-K, dated November 2, 2007, filed with the Securities Exchange Commission. (Exhibit 10.1)                                          |
|----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10(vv)*  | Linda J. Pahl Severance Agreement, dated October 29, 2007                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | Form 8-K, dated November 2, 2007, filed with the Securities Exchange Commission. (Exhibit 10.2)                                          |
| 10(ww)*  | Form of Executive Officer Severance Agreement                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | Form 8-K, dated November 2, 2007, filed with the Securities Exchange Commission. (Exhibit 10.3)                                          |
| 10(xx)*  | Form of Key Employee Severance Agreement                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | Form 8-K, dated November 2, 2007, filed with the Securities Exchange Commission. (Exhibit 10.4)                                          |
| 10(yy)*  | Donald R. Dancer Compensation Agreement Letter, dated October 29, 2007                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | Form 8-K, dated November 2, 2007, filed with the Securities Exchange Commission. (Exhibit 10.5)                                          |
| 10(zz)   | Third Amendment to the Amended and Restated Rights Agreement, dated November 14, 2007, by and between International Rectifier Corporation and Mellon Investor Services LLC (f/k/a ChaseMellon Shareholder Services, LLC)                                                                                                                                                                                                                                                                                                                                                                        |   | Form 8-K, dated November 16, 2007, filed with the Securities Exchange Commission. (Exhibit 10.1)                                         |
| 10(aaa)  | Amendment No. 4, dated December 14, 2007, by and among International Rectifier Corporation, a Delaware corporation ("IRC"), JPMorgan Chase Bank, National Association, as administrative agent, and the other lender parties, with respect to that certain Credit Agreement, dated November 6, 2006, as amended, by and among IRC, the lenders described therein, Bank of America, N.A., as syndication agent, and HSBC Bank USA, National Association and Deutsche Bank AG New York Branch, as co-documentation agents, and JPMorgan Chase Bank, National Association, as administrative agent |   | Form 8-K, dated December 17, 2007, filed with the Securities Exchange Commission. (Exhibit 99.1) |
| 10(bbb)* | Employment Agreement, dated February 6, 2008, by and between International Rectifier Corporation and Oleg Khaykin                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | Form 8-K, dated February 11, 2008, filed with the Securities Exchange Commission. (Exhibit 10.1)                                         |
| 10(ccc)* | Letter Agreement, dated March 6, 2008, by and between International Rectifier Corporation and Donald R. Dancer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | Form 8-K, dated March 12, 2008, filed with the Securities Exchange Commission. (Exhibit 10.1)                                            |
| 10(ddd)* | Letter Agreement, dated March 6, 2008, by and between International Rectifier Corporation and Linda J. Pahl                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | Form 8-K, dated March 12, 2008, filed with the Securities Exchange Commission. (Exhibit 10.2)                                            |
| 10(eee)  | Amendment No. 5, dated March 17, 2008, by and among International Rectifier Corporation, a Delaware corporation ("IRC"), JPMorgan Chase Bank, National Association, as administrative agent, and the other lender parties, with respect to that certain Credit Agreement, dated November 6, 2006, as amended, by and among IRC, the lenders described therein, Bank of America, N.A., as syndication agent, and HSBC Bank USA, National Association and Deutsche Bank AG New York Branch, as co-documentation agents, and JPMorgan Chase Bank, National Association, as administrative agent    |   | Form 8-K, dated March 21, 2008, filed with the Securities Exchange Commission. (Exhibit 10.1)                                            |
| 10(fff)* | Offer Letter, dated March 31, 2008, by and between International Rectifier Corporation and Michael Barrow                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | Form 8-K, dated April 3, 2008, filed with the Securities Exchange Commission. (Exhibit 10.1)                                             |

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| 10(ggg)* | Agreement, dated April 17, 2008, by and between International Rectifier Corporation and Eric Lidow                                                                                                                                        |   | Form 8-K, dated April 21, 2008, filed with the Securities Exchange Commission. (Exhibit 10.1)                                                                 |
|----------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10(hhh)* | Separation Agreement, dated April 16, 2008, by and between International Rectifier Corporation and Linda J. Pahl                                                                                                                          |   | Form 8-K, dated April 21, 2008, filed with the Securities Exchange Commission. (Exhibit 10.2)                                                                 |
| 10(iii)* | Consulting Agreement, dated April 16, 2008, by and between International Rectifier Corporation and Pahl Consulting, Inc.                                                                                                             |   | Form 8-K, dated April 21, 2008, filed with the Securities Exchange Commission. (Exhibit 10.3)                                                                 |
| 10(jjj)* | Letter Agreement, dated April 16, 2008, by and between International Rectifier Corporation and Peter B. Knepper                                                                                                                           |   | Form 8-K, dated April 21, 2008, filed with the Securities Exchange Commission. (Exhibit 10.4)                                                                 |
| 10(kkk)* | Form of Severance and General Release Agreement, dated May 30, 2008, between International Rectifier Corporation and Marc Rougee                                                                                                          |   | Form 8-K, dated June 12, 2008, filed with the Securities Exchange Commission. (Exhibit 99.1)                                                                  |
| 10(lll)  | Form of Indemnification Agreement approved for directors and executive officers of International Rectifier Corporation                                                                                                                         |   | Current Report on Form 8-K, dated September 15, 2008, filed with the Securities and Exchange Commission. (Exhibit 10.1)                                       |
| 10(mmm)* | Offer Letter executed September 21, 2008 between International Rectifier Corporation and Ilan Daskal                                                                                                                                      |   | Current Report on Form 8-K, dated September 21, 2008, filed with the Securities and Exchange Commission. (Exhibit 10.1)                                       |
| 10(nnn)* | Severance Agreement executed September 21, 2008 between International Rectifier Corporation and Ilan Daskal                                                                                                                               |   | Current Report on Form 8-K, dated September 21, 2008, filed with the Securities and Exchange Commission. (Exhibit 10.2)                                       |
| 10(ooo)  | Fourth Amendment to the Amended and Restated Rights Agreement, dated as of October 12, 2008, by and between International Rectifier Corporation and Mellon Investor Services LLC (f/k/a/ ChaseMellon Shareholder Services, LLC) |   | Current Report on Form 8-K, dated October 12, 2008, filed with the Securities and Exchange Commission. (Exhibit 4.1)                                          |
| 10(ppp)* | Amendment to Letter Agreement, executed October 22, 2008, between International Rectifier Corporation and Peter B. Knepper                                                                                                                |   | Current Report on Form 8-K, dated October 16, 2008, filed with the Securities and Exchange Commission. (Exhibit 10.1)                                         |
| 10(qqq)* | Amendment No. 1 to Consulting Agreement dated October 16, 2008, between International Rectifier Corporation and Pahl Consulting, Inc.                                                                                           |   | Current Report on Form 8-K, dated October 16, 2008, filed with the Securities and Exchange Commission. (Exhibit 10.2)                                         |
| 10(rrr)* | Form of Non-Employee Director Option Agreement                                                                                                                                                                                                 |   | Form 10-Q—for the quarterly period ended September 30, 2008, filed with the Securities and Exchange Commission on November 6, 2008. (Exhibit 10.6) |

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| 10(sss)*  | Amendment to Employment Agreement, dated December 29, 2008, entered into between International Rectifier Corporation and Oleg Khaykin                       |   | Form 10-Q—for the quarterly period ended December 31, 2008, filed with the Securities and Exchange Commission on February 6, 2009. (Exhibit 10.6)  |
|-----------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10(ttt)*  | RSU Award Agreement, dated August 6, 2008, entered into between International Rectifier Corporation and Oleg Khaykin                                        |   | Form 10-Q—for the quarterly period ended December 31, 2008, filed with the Securities and Exchange Commission on February 6, 2009. (Exhibit 10.7)  |
| 10(uuu)*  | Option Award Agreement, dated August 6, 2008, entered into between International Rectifier Corporation and Oleg Khaykin                                     |   | Form 10-Q—for the quarterly period ended December 31, 2008, filed with the Securities and Exchange Commission on February 6, 2009. (Exhibit 10.8)  |
| 10(vvv)*  | Amendment to Offer Letter, dated December 26, 2008, entered into between International Rectifier Corporation and Ilan Daskal                                |   | Form 10-Q—for the quarterly period ended December 31, 2008, filed with the Securities and Exchange Commission on February 6, 2009. (Exhibit 10.9)  |
| 10(www)*  | Amendment to Severance Agreement, dated December 26, 2008, entered into between International Rectifier Corporation and Ilan Daskal                         |   | Form 10-Q—for the quarterly period ended December 31, 2008, filed with the Securities and Exchange Commission on February 6, 2009. (Exhibit 10.10) |
| 10(xxx)*  | Amendment to Compensation Agreement Letter, dated December 29, 2008, entered into between International Rectifier Corporation and Donald R. Dancer          |   | Form 10-Q—for the quarterly period ended December 31, 2008, filed with the Securities and Exchange Commission on February 6, 2009. (Exhibit 10.11) |
| 10(yyy)*  | Amendment to Severance Agreement, dated December 29, 2008, entered into between International Rectifier Corporation and Donald R. Dancer                    |   | Form 10-Q—for the quarterly period ended December 31, 2008, filed with the Securities and Exchange Commission on February 6, 2009. (Exhibit 10.12) |
| 10(zzz)*  | Amendment to Offer Letter, dated December 26, 2008, entered into between International Rectifier Corporation and Michael Barrow                             |   | Form 10-Q—for the quarterly period ended December 31, 2008, filed with the Securities and Exchange Commission on February 6, 2009. (Exhibit 10.13) |
| 10(aaaa)* | Amendment to Severance Agreement, dated December 26, 2008, entered into between International Rectifier Corporation and Michael Barrow                      |   | Form 10-Q—for the quarterly period ended December 31, 2008, filed with the Securities and Exchange Commission on February 6, 2009. (Exhibit 10.14) |
| 10(bbbb)* | Revised form of RSU Award Agreement under International Rectifier Corporation's 2000 Incentive Plan (Amended and Restated as of November 22, 2004)          |   | Form 10-Q—for the quarterly period ended December 31, 2008, filed with the Securities and Exchange Commission on February 6, 2009. (Exhibit 10.15) |
| 10(cccc)* | Amendment to Employment Agreement, dated as of February 17, 2009, by and between International Rectifier Corporation and Donald R. Dancer                   |   | Current Report on Form 8-K, dated February 17, 2009, filed with the Securities and Exchange Commission. (Exhibit 10.1)                                        |
| 10(dddd)* | 2000 Incentive Plan Revised Non Employee Director Option Form                                                                                                    |   | Form 10-Q—for the quarterly period ended March 29, 2009, filed with the Securities and Exchange Commission on May 8, 2009. (Exhibit 10.9)          |
| 10(eeee)* | International Rectifier Corporation Deferred Compensation Plan, Amended and Restated as of January 1, 2009                                                  |   | Form 10-Q—for the quarterly period ended March 29, 2009, filed with the Securities and Exchange Commission on May 8, 2009. (Exhibit 10.10)         |
| 10(ffff)* | Amendment No. 2 to Consulting Agreement, dated as of April 21, 2009, by and between International Rectifier Corporation and Pahl Consulting, Inc. |   | Form 10-Q—for the quarterly period ended March 29, 2009, filed with the Securities and Exchange Commission on May 8, 2009. (Exhibit 10.11)         |

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| 10(gggg)* | Project Work Agreement, dated as of May 6, 2009, by and between International Rectifier Corporation and Tatum,  LLC                                                                                                                                                                                                                                                                      |   | Form 10-Q—for the quarterly period ended March 29, 2009, filed with the Securities and Exchange Commission on May 8, 2009. (Exhibit 10.12) |
|-----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10(hhhh)  | Confidential Settlement Agreement and Release, Amendment No. 1 to Transition Buy Back Die Supply Agreement, Amendment No. 2 to Technology License Agreement, Amendment No. 7 to Master Purchase Agreement, and Amendment No. 3 to Asset Purchase Agreement, dated June 25, 2009, by and between Vishay Intertechnology, Inc. and International Rectifier Corporation |   | Current Report on Form 8-K/A, dated June 25, 2009, filed with the Securities and Exchange Commission.  (Exhibit 10.1)                                      |
| 10(iiii)* | Offer Letter Agreement, dated May 16, 2008, between International Rectifier Corporation and Timothy Bixler                                                                                                                                                                                                                                                                                    |   | Form 10-K, dated August 27, 2009, filed with the Securities Exchange Commission. (Exhibit 10.1)                                                            |
| 10(jjjj)* | Severance Agreement, dated June 8, 2008, between International Rectifier Corporation and Timothy Bixler                                                                                                                                                                                                                                                                                       |   | Form 10-K, dated August 27, 2009, filed with the Securities Exchange Commission. (Exhibit 10.2)                                                            |
| 10(kkkk)* | Amendment to Offer Letter, dated December 26, 2008, between International Rectifier Corporation and Timothy Bixler                                                                                                                                                                                                                                                                            |   | Form 10-K, dated August 27, 2009, filed with the Securities Exchange Commission. (Exhibit 10.3)                                                            |
| 10(llll)* | Amendment to Severance Agreement, dated December 26, 2008, between International Rectifier Corporation and Timothy Bixler                                                                                                                                                                                                                                                                     |   | Form 10-K, dated August 27, 2009, filed with the Securities Exchange Commission. (Exhibit 10.4)                                                            |
| 10(mmmm)* | Offer Letter Amendment, dated November 5, 2009, between the Company and Ilan Daskal                                                                                                                                                                                                                                                                                                                |   | Form 10-Q, dated November 6, 2009, filed with the Securities Exchange Commission. (Exhibit 10.1)                                                           |
| 10(nnnn)  | Confidential Settlement Agreement and Release, Amendment No. 1 to Transition Buy Back Die Supply Agreement, Amendment No. 2 to Technology License Agreement, Amendment No. 7 to Master Purchase Agreement, and Amendment No. 3 to Asset Purchase Agreement, dated June 25, 2009, by and between Vishay Intertechnology, Inc. and International Rectifier Corporation                               |   | Form 8-K/A, filed July 29, 2009, with the Securities Exchange Commission. (Exhibit 10.1)                                                                   |
| 10(oooo)* | Form of Performance Based Restricted Stock Unit Award Agreement for Messrs. Khaykin and Barrow                                                                                                                                                                                                                                                                                           |   | Form 8-K, filed November 13, 2009, with the Securities Exchange Commission. (Exhibit 10.1)                                                                 |
| 10(pppp)* | Form of Performance Based Restricted Stock Unit Award Agreement for Messrs. Daskal and Bixler                                                                                                                                                                                                                                                                                            |   | Form 8-K, filed November 13, 2009, with the Securities Exchange Commission. (Exhibit 10.2)                                                                 |
| 10(qqqq)* | Form of Performance Based Restricted Stock Unit Award Agreement for Alternative Performance Condition                                                                                                                                                                                                                                                                                              |   | Form 10-Q, dated February 3, 2010, filed with the Securities Exchange Commission. (Exhibit 10.3)                                                           |
| 10(rrrr)* | Form of Performance Based Restricted Stock Unit Award Agreement for Double Performance Condition                                                                                                                                                                                                                                                                                                   |   | Form 10-Q, dated February 3, 2010, filed with the Securities Exchange Commission. (Exhibit 10.4)                                                           |
| 10(ssss)* | Description of Fiscal year 2010 Cash and Equity Incentive Programs for Executive Officers                                                                                                                                                                                                                                                                                                          |   | Form 8-K, filed November 13, 2009, with the Securities Exchange Commission. (Item 5.2(e))                                                                       |
| 10(tttt)* | Description of Compensation Arrangements for Independent Members of Board of Directors                                                                                                                                                                                                                                                                                                             |   | Form 8-K, filed May 4, 2010, with the Securities Exchange Commission. (Item 1.1)                                                                                |

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| 10(uuuu)* | Description of Fiscal Year 2011Cash and Equity Incentive Programs for Executive Officers                                   |   | Form 8-K, filed July 13, 2010, with the Securities Exchange Commission. (Item 5.2(e))         |
|-----------|----------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------|
| 10(vvvv)* | Form of Consulting Agreement, effective August 18, 2010, between International Rectifier Corporation and Dr. Jack O. Vance |   | Form 8-K, filed August 24, 2010, with the Securities Exchange Commission. (Exhibit 10.1) |
| 10(wwww)* | Form of Non-Employee Director Restricted Stock Unit Agreement                                                              |   | Form 8-K, filed August 24, 2010, with the Securities Exchange Commission. (Exhibit 10.2) |

| 14 | Code of Ethics |   | Form 8-K, filed with the Securities and Exchange Commission on November 18, 2005. (Exhibit 99.1) |
|----|----------------|--------|-----------------------------------------------------------------------------------------------------------------|

| * | Denotes management contract or compensatory plan or arrangement. |
|---|------------------------------------------------------------------|

|  21   | List of Subsidiaries                                                                                                                                         |
|------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  23.1 | Consent of Independent Registered Public Accounting Firm-Ernst & Young LLP                                                                               |
|  23.2 | Consent of Independent Registered Public Accounting Firm-PricewaterhouseCoopers LLP                                                                          |
|  24   | Power of Attorney                                                                                                                                            |
|  31.1 | Certification Pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934, Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
|  31.2 | Certification Pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934, Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
|  32.1 | Certification Pursuant to 18 U.S.C. 1350, Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002                                             |
|  32.2 | Certification Pursuant to 18 U.S.C. 1350, Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002                                             |

| * | Denotes management contract or compensatory plan or arrangement. |
|---|------------------------------------------------------------------|

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|                  | INTERNATIONAL RECTIFIER CORPORATION(Registrant) |
|-----------------------|-------------------------------------------------|
|                  |                                            |
|                  | By:                                             | /s/ ILAN DASKAL |
| Date: August 26, 2010 |                                            | Ilan DaskalChief Financial Officer(Duly Authorized Officer and Principal Financialand Accounting Officer) |

|                                                                                                 | Signatures                                                        |            |   |   |   |   | Title |   |   |   |   |   | Date |   |
|------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------|-----------------|--------|--------|--------|--------|-------|--------|--------|--------|--------|--------|------|--------|
|                                                                                                 |                                                              |            |
|                                                                                                 |                                                              |            |
| /s/ Richard J. Dahl*Richard J. Dahl                                                                  | Chairman of the Board                                             | August 26, 2010 |
|                                                                                                 |                                                              |            |
| /s/ Oleg Khaykin*Oleg Khaykin                                                                        | Director and Chief Executive Officer(Principal Executive Officer) | August 26, 2010 |
|                                                                                                 |                                                              |            |
| /s/ Robert Attiyeh*Robert Attiyeh                                                                    | Director                                                          | August 26, 2010 |
|                                                                                                 |                                                              |            |
| /s/ Mary B. Cranston*Mary B. Cranston                                                                | Director                                                          | August 26, 2010 |
|                                                                                                 |                                                              |            |
| /s/ Dwight W. Decker*Dr. Dwight W. Decker                                                            | Director                                                          | August 26, 2010 |
|                                                                                                 |                                                              |            |
| /s/ Thomas A. Lacey*Thomas A. Lacey                                                                  | Director                                                          | August 26, 2010 |
|                                                                                                 |                                                              |            |
| /s/ James D. Plummer*James D. Plummer                                                                | Director                                                          | August 26, 2010 |
|                                                                                                 |                                                              |            |
| /s/ Barbara L. Rambo*Barbara L. Rambo                                                                | Director                                                          | August 26, 2010 |
|                                                                                                 |                                                              |            |
| /s/ Jack O. Vance*Jack O. Vance                                                                      | Director                                                          | August 26, 2010 |
|                                                                                                 |                                                              |            |
| /s/ Rochus E. Vogt*Rochus E. Vogt                                                                    | Director                                                          | August 26, 2010 |
|                                                                                                 |                                                              |            |
| *By:         /s/ Ilan DaskalIlan DaskalAttorney-in-fact |                                                              | August 26, 2010 |

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INT

|                                    |   | Balance atbeginning ofyear |    |   | Additions(reductions)charged to costsand expenses(1) |   |    | Deductions(2) |   |   | Balance at endof year |   |
|-----------------------------------------|--------|----------------------------|---------|--------|------------------------------------------------------|--------|---------|---------------|--------|--------|-----------------------|--------|
| 2010                                    |   |                       |    |   |                                                 |   |    |          |   |   |                  |   |
| Accounts receivable reserve             |   | $                          | 5,102   |   |                                                 | $      | 1,910   |          |   | $      | (3,287                | )      |   | $ | 3,725 |   |
| Deferred income tax valuation allowance |   |                       | 248,666 |   |                                                 |   | 1,680   |          |   |   | (13,941               | )      |   |   | 236,405 |   |
| 2009                                    |   |                       |    |   |                                                 |   |    |          |   |   |                  |   |   |   |   |   |
| Accounts receivable reserve             |   | $                          | 6,525   |   |                                                 | $      | 6,660   |          |   | $      | (8,083                | )      |   | $ | 5,102 |   |
| Deferred income tax valuation allowance |   |                       | 78,142  |   |                                                 |   | 184,333 |          |   |   | (13,809               | )      |   |   | 248,666 |   |
| 2008                                    |   |                       |    |   |                                                 |   |    |          |   |   |                  |   |   |   |   |   |
| Accounts receivable reserve             |   | $                          | 8,401   |   |                                                 | $      | 387     |          |   | $      | (2,263                | )      |   | $ | 6,525 |   |
| Deferred income tax valuation allowance |   |                       | 68,228  |   |                                                 |   | 14,155  |          |   |   | (4,241                | )      |   |   | 78,142 |   |

| (1) | Additions charged to costs and expenses relating to accounts receivable are net of reductions to estimated reserves; additions to deferred income tax valuation allowance relating to state deferred tax assets true-up. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Deductions relating to accounts receivable reserve include uncollectible accounts written-off, net of recoveries; deductions of deferred income tax valuation allowance relating to decreased deferred tax assets and cumulative translation adjustment. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----