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—August 13, 2009— Intersil Corporation (NASDAQ Global Select: 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 Quelian in August 2009