Product category:
Power Supply ICs and Controllers
News Release from: Intersil
Edited by the Electronicstalk Editorial
Team on 24 January 2001
Intersil to sell power business to
Fairchild
Intersil Corp has entered into a definitive agreement to sell its discrete power business to Fairchild Semiconductor International for approximately $338 million in cash.
Intersil Corp has entered into a definitive agreement to sell its discrete power business to Fairchild Semiconductor International for approximately $338 million in cash, completing its transition to a company focused on wireless access and communications analogue (including power management) markets Intersil expects a one-time gain during the quarter ending 30th March and will use the proceeds for complementary acquisitions, alliances and product development efforts to strengthen its position as leading supplier of semiconductors for communications solutions
This article was originally published on Electronicstalk on 8 Oct 2008 at 8.00am (UK)
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"The sale of our long established discrete power business completes our transition to a pure communications company and allows us to focus our resources on the faster growing wireless access and communications analogue markets - two of the fastest growing segments of the semiconductor industry today", said Greg Williams, Intersil's President and CEO.
"Total revenue for Intersil's communications businesses grew approximately 50% during calendar 2000, and our focus on these high-growth communications markets will allow our gross margins to improve to greater than 50%.
Our wireless access business alone grew more than 200% in 2000, and we've completed several major acquisitions, strategic investments and internal product developments that position the company for substantial future growth in these markets".
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Intersil's wireless access business is expected to approach 40% of total revenue in 2001 as the company has taken several steps that position the company at the very heart of high-data-rate wireless connectivity - wirelessly connecting people at work, on the go and at home.
Intersil is the world's leading semiconductor supplier of 11Mbit/s wireless networking solutions within offices, public places and homes, and recently announced plans to expand its PRISM Wireless family to include higher speed 5GHz, 54Mbit/s wireless LAN solutions.
Through its recent acquisition of broadband wireless access leader SiCOM, Intersil has also added competencies to enable wireless point-to-point transmissions at speeds up to 155Mbit/s.
Rounding out Intersil's wireless access business is the company's CommLink family of digital radio ICs designed for current and next generation cellular basestations.
"Our wireless access business plus our communications analogue business ranks as a leading US analogue company", noted Williams.
Intersil high-precision, communications analogue solutions include the company's Endura family of power management products as well as communications integrated circuits for wired telecommunications and networking applications.
In the very near future, we plan to expand Intersil's power management leadership into broadband gateways and Internet appliances.
Intersil's communications analogue business grew by more than 60% in 2000, and continues to gain share in targeted markets.
"We feel that our discrete power business is a good fit within Fairchild Semiconductor, given their commitment to the power business and their multi-market focus", said Williams.
"This sale strengthens the ability of each company to capitalise on its core competencies and we believe it is a positive move for Intersil, Fairchild and our customers".
The discrete power sale includes the company's portfolio of discrete power products and associated intellectual property as well as its Mountaintop, Pennsylvania-based design, manufacturing and support operation.
The company's discrete power business is comprised of around 650 employees in design engineering, manufacturing and sales and achieved revenues in the quarter ending 29th September 2000 of $52.5 million.
Intersil's discrete power product portfolio includes insulated gate bipolar transistors (IGBTs), metal oxide semiconductor field effect transistors (mosfets) and rectifier product families.
Transition teams comprised of employees from both companies will work to ensure as seamless a transaction as possible for Intersil's discrete power customers during the sale.
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