News & Events
Selling Shareholders Price Follow-On Public Offering of Intersil Corporation Securities

14,000,000 Shares of Class A Common Stock Priced at $31.50 per share

IRVINE, Calif., October 31, 2001 – Intersil Corporation (NASDAQ: ISIL) today announced that Citicorp Venture Capital Ltd. and Citicorp Mezzanine Partners, L.P. priced a follow-on offering of 14,000,000 shares of Intersil Corporation Class A common stock at $31.50 per share. Intersil will not receive any of the proceeds from the shares of Class A Common Stock sold in this offering. Intersil's stock is listed on the NASDAQ National Market under the symbol "ISIL."

This offering is expected to close on Monday, November 5, 2001. The selling shareholders have granted the underwriters an option, exercisable for 30 days from the closing, to purchase 2,100,000 additional shares of Class A Common Stock from the selling shareholders to cover over-allotments.

Credit Suisse First Boston is the lead book-running manager for the offering and Lehman Brothers, Deutsche Banc Alex. Brown, JP Morgan, Robertson Stephens and SG Cowen are the co-managers of the underwriting syndicate.

This press release shall not constitute an offer to sell nor 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 sales 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, 11 Madison Avenue, New York, New York, 10010; telephone 212-325-2580. About Intersil
Intersil is a global leader in designing innovative wireless networking and high performance analog solutions that enable wireless access to video, data and voice in homes, offices and public places. Creating advanced power management products, Intersil provides reliable solutions for file servers, portable information appliances and over half of all computer microprocessors manufactured today. With a rich high performance analog and mixed signal portfolio, Intersil brings added value in providing complete silicon, software and reference design solutions to new products that bring portable connectivity to people wherever they live, work or travel. Headquartered in Irvine, California, Intersil has offices in cities throughout the US, Europe and Asia. 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.