Intersil acquisitions continue
Intersil Corporation has announced its third acquisition in the past five months.
The semiconductor manufacturer has signed an agreement to buy Zilker Labs, a privately held semiconductor company specialising in digital power integrated circuits.
Dave Bell, ceo at Intersil explained that the spate of buyouts was to position the company for strong growth. “Despite the challenging economic environment,” he asserted, “Intersil remains committed to investing in key strategic acquisitions that broaden our product portfolio and improve our market position.”
The Zilker Labs acquisition will add approximately $1.5million of additional operating expenses per quarter.
