News & Events
Intersil Corporation Joins Growing Roster Of Broadband Firms In Irvine Spectrum

— Spectrum Facility to Serve as Intersil’s West Coast Corporate Office and Design Center

IRVINE, Calif., March 29, 2000 – Underscoring Irvine Spectrum’s continued appeal as a top destination for technology and broadband companies, newly-public Intersil Corporation (NASDAQ:ISIL) has signed a five-year lease for 17,306 square feet within the rapidly-growing masterplanned business center.

Palm Bay, Fla.-based Intersil – a leading systems-oriented manufacturer of circuits and semiconductors for the integrated communications market – will establish its West Coast corporate office and design center within Irvine Spectrum in May, 2000. Intersil’s new space, which comprises the entire first floor of 7585 Irvine Center Drive, will serve as a high speed wireless design and applications center, employing 30 to 40 people. The firm’s operational headquarters will remain in Florida.

According to Greg Williams, president and CEO of Intersil Corporation, the move to Irvine Spectrum creates a solid foundation for the company in the burgeoning West Coast technology market.

"The Los Angeles to San Diego corridor has become increasingly focused on technologies for wireless and high speed communications," said Williams. "As the hub of the region, Irvine Spectrum has become a recognized center for wireless and broadband communications, attracting a critical mass of companies involved in these emerging technologies. That’s truly a major advantage."

Williams added that with many of Intersil’s integrated communications customers located on the West Coast, the Irvine Spectrum location will make it easier for the firm to stay in close touch with clients and provide enhanced customer service, while enabling it to recruit top local talent.

"Setting up shop in Irvine Spectrum provides better access not only to our customers, but to some of the best designers and engineers in the world," said Williams.

Don McNutt, senior vice president of operations for The Irvine Company, welcomes the relationship with Intersil as the start of something bigger.

"Just like Broadcom, Meade Instruments and Quest Software, we expect Intersil to become the kind of successful, innovative company that is continuing to make the Irvine Spectrum the fastest-growing technology center in the world today," said McNutt.

Chip Wright of CB Richard Ellis represented Intersil in the lease transaction.

Irvine Spectrum is a 5,000-acre international center for business, research and technology known by many as the "Hub of the Technology Coast." With core industries of computers, software, biotech, automotives and medical devices, Irvine Spectrum is home to 2,750 companies which employ 55,000 people in the research park. Irvine Spectrum, a masterplanned business and research center, is under the direction of The Irvine Company’s Irvine Investment Properties Group.

About Intersil
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. For more information about Intersil, visit the company’s Internet homepage at www.intersil.com.

PRISM is a registered trademark of Intersil Corporation.

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