Intersil
Corporation (ISIL) is a semiconductor manufacturer that specializes in
power management and precision analog devices. The company's products
are used in a variety of applications, including mobile devices,
automotive, aerospace, industrial, and computing.
Headquartered
in Milpitas, California, Intersil was founded in 1967 and became a
public company in 2000. The company has a global presence, with
operations in North America, Europe, and Asia.
In 2017,
Intersil was acquired by Renesas Electronics Corporation, a Japanese
semiconductor manufacturer, for $3.2 billion. The acquisition was part
of Renesas' strategy to expand its presence in the automotive,
industrial, and IoT markets.
Prior to the acquisition, Intersil
had been undergoing a period of restructuring, including divesting
non-core businesses and focusing on high-growth markets. The company
had also been investing in research and development to develop new
products and technologies.
Intersil's financial performance had
been mixed in the years leading up to the acquisition. In 2016, the
company reported a net loss of $72.7 million on revenue of $579.7
million. However, in the first quarter of 2017, the company reported
revenue of $129.5 million, an increase of 20% from the same period in
the previous year.
Overall, Intersil has a strong reputation in
the semiconductor industry, particularly in the areas of power
management and precision analog devices. The acquisition by Renesas is
expected to help the company expand its product offerings and increase
its gl
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