SOURCE: Intersil

August 13, 2009 18:06 ET

Intersil Celebrates Tenth Anniversary

With Optimism for the Future, Leading Global Semiconductor Company Reflects on a Decade of Growth, Innovation, Outstanding Financial Performance, and a Unique Corporate Culture

MILPITAS, CA--(Marketwire - August 13, 2009) - Intersil Corporation (NASDAQ: ISIL), a world leader in the design and manufacture of high-performance analog and mixed-signal semiconductors, today is celebrating the 10th anniversary of its rebirth as an independent company. On Friday, August 13, 1999, Intersil was officially spun-off from Harris Corporation and became a standalone semiconductor enterprise. Just six months after the spin-out, Intersil joined the NASDAQ and completed the largest semiconductor Initial Public Offering (IPO) at that point in history.

"Thanks to their exceptional dedication and contributions, the people of Intersil have propelled this company, in a very short period of time, to become one of the most respected companies in the semiconductor industry," said David Bell, CEO. "Over the past several years our revenue growth has consistently out-paced our peers, resulting in solid financial results, a very strong balance sheet, and a long line of technology breakthroughs. Intersil's future is very bright, and we look forward celebrating even greater accomplishments ten years from today."

During the last decade, Intersil has established itself as one of the premier high-performance analog companies in the semiconductor industry. Today the company has approximately 1500 employees worldwide, wafer fabrication facilities in Palm Bay, Florida, and regional offices in every key market around the globe. The company also has 13 design centers, approximately 50 highly differentiated product lines, and is the world's leading supplier of power management solutions for personal computing. The company creates products for four key end-user market segments: communications, computing, industrial and consumer devices.

Intersil has a history of aggressive expansion through both organic growth and strategic acquisitions. During the past year the company has made four important acquisitions that have substantially expanded its portfolio of audio, power, data conversion and networking products.

As Intersil celebrates its 10th anniversary, here are some of the key milestones that mark the company's progress:

--  Intersil Corporation was launched on Friday, August 13, 1999
--  Intersil Corporation completed the largest semiconductor IPO, and
    listed on NASDAQ as a publicly traded company on February 25, 2000
--  Intersil acquired Elantec Semiconductor in May 2002
--  Intersil became a pure-play analog company in August 2003
--  Intersil joined the NASDAQ-100 Index in December 2003
--  Intersil acquired BitBlitz Communications in May 2004
--  Intersil and Xicor merger completed in July 2004
--  Intersil acquired Planet ATE in September 2007
--  Intersil acquired D2Audio in July 2008
--  Intersil acquired Kenet in September 2008
--  Intersil acquired Zilker Labs in December 2008
--  Intersil acquired Quellan in August 2009
    

About Intersil

Intersil Corporation is a leader in the design and manufacture of high-performance analog and mixed signal semiconductors. The Company's products address some of the industry's fastest growing markets, such as flat panel displays, cell phones, other handheld systems, and notebooks. Intersil's product families address power management functions and analog signal processing functions. Intersil products include ICs for battery management, hot-swap and hot-plug controllers, linear regulators, power sequencers, supervisory ICs, bridge drivers, PWM controllers, switching DC/DC regulators, Zilker Labs Digital Power ICs and power MOSFET drivers; optical storage laser diode drivers; DSL line drivers; D2Audio products; video and high-performance operational amplifiers; high-speed data converters; interface ICs; analog switches and multiplexers; crosspoint switches; voice-over-IP devices; and ICs for military, space and radiation-hardened applications. For more information about Intersil or to find out how to become a member of our winning team, visit the Company's web site and career page at www.intersil.com.