News & Events
Intersil Announces Sale of EEPROM Product Lines to IC Microsystems
Milpitas, CA, January 20, 2005 Intersil Corporation (NASDAQ: ISIL), a world leader in the design and manufacture of high performance analog solutions, today announced that it has sold its Xicor Serial EEPROM product lines to IC Microsystems (ICmic), a leading IC design company in Malaysia, for an undisclosed amount. ICmic will use the products and technology assets from the acquisition to strengthen its broad base of products and gain access to proven Serial EEPROM solutions.
"Through the purchase of Xicor earlier this year, Intersil acquired key analog expertise and innovations such as Floating Gate Analog as well as an established line of Serial EEPROM products," stated Davin Lee, vice president of General Purpose Power Products at Intersil. "With the focus on growing the high performance analog business, Intersil has made a strategic decision to sell the market proven Xicor Serial EEPROM product line to IC Microsystems.
As we continue in our global expansion, the acquisition of this Serial EEPROM Product line from such an established company, Intersil, will provide us with a good additional product technology, strong distributor network and large customer base, said Abd Rashid, president & CEO of ICmic.
About IC Microsystems
IC Microsystems (www.icmic.com), or ICmic, is a leading IC Design Company in Malaysia with offices in Santa Clara, California. It is a Multimedia Super Corridor (MSC) status company and has a global customer base with proven performance in technology, revenue and profitability since incorporation. The companys product portfolio also includes world-class Mixed-Signal ICs in the form of Digital to Analog Converters ICs, fixed-line Phone ICs, and RFICs. For more information, please contact Mohd Radzi at +603-8319 1919. About Intersil
Intersil Corporation, a NASDAQ-100 Index company, is a leader in the design and manufacture of high performance analog semiconductors. The company’s products address three of the industry’s fastest growing markets: flat panel displays, optical storage (CD and DVD recordable) and power management. Intersil products include power management devices for battery management, hot-swap and hot-plug controllers, linear regulators, supervisory ICs, switching DC-DC regulators and power MOSFET drivers; optical storage laser diode drivers; DSL line drivers; video and high performance operational amplifiers; data converters; interface ICs; analog switches and multiplexers; crosspoint switches; voice-over-IP devices; and ICs for military, space and rad-hard 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 http://www.intersil.com.
This release may include "forward looking statements" that are subject to risks and uncertainties. For information identifying economic, political, climatic, currency, regulatory, technological, competitive and some other important factors that could cause actual results to differ materially from those anticipated in the forward looking statements, see Intersil’s Safe Harbor Forward Looking Statement disclaimer found at http://www.intersil.com/legal.asp, as well as Intersil’s SEC filings as updated from time to time, found at http://www.sec.gov. All trademarks mentioned are the property of their respective owners
