Key Developments For Intersil Corporation
Intersil Corporation (ISIL.O) (Nasdaq)
Intersil Corporation And Georgia Institute of Technology Announce Joint Alliance For High-Performance Semiconductor Development
Intersil Corporation announced a broad alliance with the Georgia Institute of Technology. The announcement includes the opening of a major new development facility and the kickoff of several new programs dedicated to the research and development of advanced power management semiconductor technologies. This unique alliance involves an on-campus Analog Processing Center of Excellence (ACE) and world-class research efforts across multiple Georgia Tech facilities. A keystone of the alliance will be the opening of a new 4,300 square-foot ACE Center on campus. At the Georgia Electronic Design Center (GEDC), Intersil engineers, along with Georgia Tech students and faculty, will focus on creating advanced power management circuit designs. Intersil and the Institute will also engage in joint development through a strategic alliance on advanced process technology development for semiconductors used in high-voltage power management and distribution. The new center will also utilize a technique developed at a Georgia Tech-founded company known as collaborative signal processing that removes performance-limiting impairments such as signal loss, dispersion, skew and noise.
Intersil Corporation Issues Q4 2009 Guidance Above Analysts' Estimates; Declares Dividend
Intersil Corporation announced that for fourth quarter of 2009, it expects revenues to be in the range of $170-$177 million and GAAP earnings per diluted share (EPS) to be in the range of $0.14-$0.17. According to Reuters Estimates, analysts are expecting the Company to report revenues of $168 million and GAAP EPS of $0.13 for the same period. The Company also announced that its Board of Directors has authorized the payment of a quarterly dividend of $0.12 per share of common stock. The payment of this dividend will be made on November 20, 2009 to shareholders of record as of the close of business on November 10, 2009.
Intersil Corporation Introduces New Audio Amplifiers
Intersil Corporation announced that it has introduced two new audio amplifiers. The ISL99201 and ISL99202 are the first audio products in a new family of ultra-small-footprint packages.
Intersil Corporation To Acquire Quellan, Inc.
Intersil Corporation announced that it has signed a definitive agreement to acquire Quellan, Inc., a privately held in the design of high performance analog signal processing integrated circuits (ICs). The Boards of Directors of both companies have unanimously approved the merger. The Company expects the acquisition will have an immaterial impact on revenue or earnings for the third quarter 2009 results.
Intersil Corporation Announces New Octal Switch
Intersil Corporation announced the ISL54230, a new octal switch that is ideally suited for cell phone applications.
