Intersil buys analog systems firm

March 15, 2004 – Analog semiconductor company Intersil, Milpitas, CA, has purchased memory chipmaker Xicor Inc., for $529 million in cash and stock. The deal, a 13% premium over Xicor’s March 12 stock value, adds system management, clocking, power sequencing, and display technologies to Intersil’s product portfolio. Both companies achieved more than 56% gross margins in 2003.


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