Intersil's CEO responds to a recent article asking if his company is a an analog contender or pretender.
To the editor:
Your recent article, “Intersil: Analog contender or pretender," asked a provocative question. I would like to take this opportunity to reiterate the main reasons why Intersil is absolutely a contender. First, Intersil is delivering strong growth—sales are growing at above average rates in 2010, and we anticipate a solid 2011 as well. This growth is being seen in all our core markets for analog and mixed signal ICs.
Second, Intersil was very active acquiring new products, technologies and talent during the recent industry downturn. In fact, since the middle of 2008 Intersil has acquired six companies, all leaders in their respective product categories. This aggressive strategy allowed us to rapidly and efficiently expand the breadth of our product portfolio. We expect revenues from these acquisitions to be at a $200 million/year rate by the fourth quarter of 2011, and we will continue to accrue long-term benefits from these very talented new employees.
Equally important, we’ve also fueled growth by making significant investments in our existing development organization. These organic investments, combined with companies we have acquired, have created more than one new product family per quarter during the last two years. In total, we have invested more than 40 percent of our R&D dollars into new product families, so our pipeline is full of new innovations.
Intersil is on an entirely new growth trajectory—one that’s based on delivering simple, smart analog and mixed signal solutions into rapidly growing markets. Intersil is the industry’s most unique analog company. We have the people, the products and the infrastructure necessary to “contend” for that top analog supplier spot.
President and CEO,