News & Events
Intersil Corporation Announces Largest Ever Initial Public Offering For a U.S.-based Semiconductor Company

— 20,000,000 Shares of Common Stock Priced at $25.00 per Share

PALM BAY, FL. – February 25, 2000 – Intersil Holding Corporation today announced its initial public offering (IPO) of 20,000,000 shares of Class A common stock at $25.00 per share. With a total value of $500 million, Intersil’s IPO is the largest ever for a U.S.-based semiconductor company. The stock trades on NASDAQ under the trading symbol "ISIL." The managing underwriters of the offering are Credit Suisse First Boston, Salomon Smith Barney, Merrill Lynch & Co., Robertson Stephens and S.G. Cowen Securities Corporation.

Intersil Corporation uses semiconductor expertise to enable highly integrated voice, data and video communications. Intersil's integrated communications portfolio includes PRISM® Wireless Local Area Network (WLAN) chip sets that enable mobile connectivity products for the home and office; analog and mixed-signal integrated circuits for broadband access to wireless and wired Wide Area Networks (WANs); and power management products that enable 24X7 reliability in network servers, next generation PCs and information appliances.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Copies of the final prospectus relating to the offering may be obtained from the Prospectus Department of Credit Suisse First Boston by calling 212-325-2580 at 11 Madison Avenue, New York, New York 10010.

This press release contains information relating to forecasted results of Intersil, including certain projections and business trends, that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from these forward-looking statements as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to global and market conditions as well as other risks and uncertainties detailed from time to time in Intersil's filings with the Securities Exchange Commission. These forward-looking statements are made only as of the date of this press release and Intersil undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events, or otherwise.

PRISM is a registered trademark and "Antenna-to-Computer" is a trademark of Intersil Corporation.

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