Intersil Holding Corporation Files Follow-On Public Offering Registration Statement

Business Wire, August 25, 2000

Business Editors

IRVINE, Calif.--(BUSINESS WIRE)--Aug. 25, 2000

Intersil Holding Corporation (Nasdaq:ISIL) announced today that it has delivered for filing a registration statement with the Securities and Exchange Commission (SEC) for a follow-on public offering of its Class A Common Stock. It is expected that a total of 10,000,000 shares will be offered, including 3,000,000 newly issued shares to be sold by Intersil Holding Corporation and 7,000,000 outstanding shares to be sold by existing stockholders. Intersil Holding Corporation currently intends to use the net proceeds from the proposed offering for acquisitions or general corporate purposes.

About Intersil Corporation

Intersil uses its semiconductor expertise to enable highly integrated voice, data and video communications. Intersil's integrated communications portfolio includes PRISM(R)Wireless Local Area Network (WLAN) chip sets that enable mobile connectivity products for the home and office; analog and mixed-signal integrated circuits for broadband access to wireless and wired Wide Area Networks (WANs); and power management products that enable 24X7reliability in network servers, next generation PCs and information appliances. For more information about Intersil, visit the Company's Internet homepage at www.intersil.com.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.