News & Events
Intersil Names Mohan Maheswaran as Vice President and General Manager of Elantec Product Group

IRVINE, CA, May 28, 2002 – Intersil Corporation (NASDAQ: ISIL), a world leader in the design and manufacture of high performance analog and wireless networking solutions, announced today that Mohan Maheswaran is the new Vice President and General Manager (VP/GM) of its Elantec Product Group. In his new position, Mohan will manage the company’s leading portfolio of high performance integrated circuits for optical storage (CD and DVD recordable), video and communications markets, as well as power management and high performance op-amp products. Mr. Maheswaran will also serve as an executive officer of Intersil.

Mr. Maheswaran joins Intersil following the company’s acquisition of Elantec Semiconductor, Inc., on May 14, 2002. He served as Vice President of Corporate Strategy and Business Development at Elantec since January 2001 and also led the Elantec marketing organization as its Vice President of Marketing.

“Mohan brings a wealth of business management experience to his new position as VP/GM of our Elantec Product Group,” said Rich Beyer, president and CEO of Intersil. “The addition of Mohan to Intersil’s leadership team will enable our company to expand its leading positions in the optical storage, video and communications markets. He has many years of semiconductor industry experience and proven skills in business management that will benefit Intersil and the Elantec Product Group. I’m looking forward to the contributions he will make and to his support in my new role as Intersil’s Ppresident and CEO.”

Before joining Elantec, Mr. Maheswaran was Vice President of Marketing and Business Development at Allayer Communications, a communications chip company that was acquired by Broadcom Corporation. From 1998 to 2000, he was Vice President of Strategy for IBM Microelectronics, a $6 billion division of IBM. Prior to this, he was a nine-year veteran of Texas Instruments where he held various positions in marketing, sales, applications and business management. During the 1980s, he was mass storage project manager at Hewlett-Packard and a systems design engineer at Nortel. Mr. Maheswaran holds an MBA from Henley Executive Management College in the UK and a BSEE from Surrey University in the UK. About Intersil
Intersil Corporation manufactures and markets high performance analog and wireless networking solutions. As a global semiconductor leader, Intersil focuses on four of the industry's fastest growing markets – flat panel displays, optical storage (CD and DVD recordable), power management and wireless networking. Intersil brings added customer value in providing complete silicon, software and reference design solutions to new products that enhance the computing experience for people wherever they live, work or travel. 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 www.intersil.com.

This press release contains forward-looking statements as defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are based upon Intersil Corporation’s (“Intersil”) management’s current expectations, estimates, beliefs, assumptions, and projections about Intersil’s, and its Elantec Product Group’s (“Elantec”), business and industry. Words such as "anticipates," "expects," "intends," "plans," “predicts,” "believes," "seeks," "estimates," "may," "will," “should,” “would,” “potential,” “continue,” and variations of these words (or negatives of these words) or similar expressions, are intended to identify forward-looking statements. In addition, any statements that refer to expectations, projections, or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict. Therefore, our actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various risk factors. Important risk factors that may cause such material differences for Intersil, some of which may apply to Elantec, include, but are not limited to: the slowdown in the technology sector; the rate at which consumers adopt small handheld Internet appliances and portable computing devices in enterprises and in homes; the rate at which consumers purchase notebook computers; the rate at which our present and future customers and end-users adopt Intersil’s wireless access, communications analog, and other analog technologies and products; the rate at which consumers adopt Elantec’s optical storage (CD and DVD recordable), video and communications technologies and products; the timing, rescheduling or cancellation of significant customer orders; the ability of our customers to manage inventory; the loss of a key customer; the qualification, availability and pricing of competing products and technologies and the resulting effects on sales and pricing of our products; silicon wafer pricing and the availability and quality of our foundry capacity and raw materials; availability, pricing, and quality of third party foundry and assembly and test capacity and raw materials; fluctuations in the manufacturing yields of our third party foundries and assembly and test facilities, and other problems or delays in the fabrication, assembly, testing or delivery of our products; the risks of producing products with new suppliers and at new fabrication and assembly and test facilities; problems or delays that we may face in shifting our products to smaller geometry process technologies; the effectiveness of Intersil’s expense and product cost control and reduction efforts; the risks inherent in acquisitions, including the acquisition of Elantec (including integration issues; costs and unanticipated expenditures; changing relationships with customers, suppliers, and strategic partners; potential contractual, employment, and intellectual property issues; risks of not securing regulatory approvals; accounting treatment and charges; and the risks that the acquisition cannot be completed successfully, or that the anticipated benefits of the acquisition are not realized); intellectual property disputes, customer indemnification claims, and other litigation risks; Intersil’s ability to develop, market, and transition to volume production new products and technologies in a timely manner, as well as other risk factors. Intersil’s recently filed joint proxy statement/prospectus related to the merger with Elantec, Annual Report on Form 10-K and other Intersil filings with the U.S. Securities and Exchange Commission (“SEC”) (which you may obtain for free at the SEC’s web site at www.sec.gov) discuss some of the important risk factors that may affect our business, results of operations, and financial condition. These forward-looking statements are made only as of the date of this communication and Intersil undertakes no obligation to update or revise these forward-looking statements.