Press Releases
Intersil Corporation Files Initial Public Offering Registration Statement

PALM BAY, FL. — January 24, 2000 — Intersil Holding Corporation announced today that it has filed a registration statement with the Securities and Exchange Commission (SEC) for a proposed initial public offering of its Class A Common Stock. 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.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. 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 in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

Copies of the prospectus, when available, can be obtained from Credit Suisse First Boston's Prospectus Department by calling 212-325-2580 at 11 Madison Avenue, New York, New York 10010.