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Intersil to acquire Elantec Semiconductor

Posted: 13 Mar 2002 ?? ?Print Version ?Bookmark and Share

Keywords:intersil? elantec semiconductor? analog ic? flat panel display?

Intersil Corp. and Elantec Semiconductor Inc. have signed a definitive agreement under which Intersil will acquire Elantec. Elantec is a provider of high performance analog ICs and flat panel displays. Intersil expects the acquisition to be accretive to its 2003 earnings per share.

"The combination of the two companies adds Elantec's position in analog optical storage and flat panel displays to Intersil's position in WLAN and power management," said Greg Williams, president and CEO of Intersil. "In addition, Elantec's product offerings in communication ICs and standard analog will strengthen Intersil's portfolio of analog ICs. The product lines are complementary and will enhance Intersil's unique value proposition to our strategic customers."

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