Irvine and Milpitas, CA – Intersil Corp. has acquired Elantec Semiconductor Inc. in a $1.4B cash/stock deal.
Intersil, a provider of wireless networking and high performance analog systems, expands into additional high growth analog markets (optical storage and FPD) with this acquisition.
Elantec, a provider of high performance analog ICs, is the leader in the high growth optical storage (CD read/write & DVD recordable) and flat panel display markets. Intersil and Elantec share a significant number of customers and have complementary product portfolios. In addition, both companies share a fundamental vision of providing system level value for their target markets. Elantec will be the third acquisition for Intersil, having previously acquired two wireless companies.