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Building the Bridge To Future Growth
Intersil 2009 Analyst DayFebruary 12, 2009
2
Forward-Looking Statements
During the course of this presentation, we will make forward-looking statements that involve risks and uncertainties. The Company’s actual results may differ materially from those suggested here. Additional information concerning risk factors that could cause actual results to vary from these forward looking statements can be found in the Company’s SEC filings, including our most recent Form 10-K and Form 10-Q, as well as our reports on Form 8-K. These documents contain and identify important factors that could cause results to differ materially from those contained in any forward-looking statements.
3
Executives Here Today
Dave BellPresident & CEO
Pete OaklanderSVP, Power Mgmt Products Group
David LoftusSVP, WW Sales& Corp Marketing
Jonathan KennedyInterim CFO
Davin LeeVP/GM Consumer Power
Dr. Huibert VerhoevenVP/GM High Speed Products
Paul SferrazzaVP/GM Computing Power
Roger LevinsonVP/GM Precision Products
Mike AltharVP/GM Specialty Products
Susan HardmanSVP, Analog & Mixed Products Group
Sagar PushpalaSVP, WW Operations& Technology
4
Agenda
Introduction Jonathan Kennedy 7:30 - 7:35
Corporate Overview Dave Bell 7:35 - 8:10
Analog & Mixed Signal Products Susan Hardman 8:10 - 9:10
Power Management Products Pete Oaklander 9:10 - 10:10
Break 10:10 - 10:25
Worldwide Sales & Marketing David Loftus 10:25 - 10:50
Worldwide Operations & Technology Sagar Pushpala 10:50 - 11:15
Financial Overview Jonathan Kennedy 11:15 - 11:45
Conclusion and Final Q&A Dave Bell 11:45 - 12:00
Lunch 12:00
Corporate Overview
Dave Bell President & CEO
6
Goals for Today’s Meeting
• Build confidence in Intersil’s management team• Communicate our vision for Intersil
– Where Intersil is headed– What makes Intersil unique– What are Intersil’s growth drivers
• Explain Intersil’s unique operating model• Highlight Intersil’s very strong financial position• Managing through the economic downturn
7
The Building Blocks of Success
1 People
2 Strategy
3 Operations
8
Most Important: Our People
• “Getting the right people on the bus” • “Getting the wrong people off the bus”• Creating the right organization
– Allows focus on different markets with unique characteristics– Management bandwidth to address strategic and tactical issues– An organizational structure that will support Intersil beyond $1B– Management training programs to allow promotion from within
• Creating the right culture– Focused on highly-differentiated, high-performance products– Value pricing – getting fully paid for our the value we deliver– “Can-do” execution-oriented culture
9
A Revitalized Organization
President & CEODave Bell
VP/GM, PrecisionProducts
Roger Levinson
VP/GM, HighSpeed Products
Dr. Huibert Verhoeven
VP/GM, Computing Products
Paul Sferrazza
VP/GM, Consumer ProductsDavin Lee
VP/GM,Specialty Products
Mike Althar
VP/GM, Indus/Comm
ProductsPete Oaklander
(acting)
SVP, Analog &Mixed Signal
Products GroupSusan Hardman
SVP, Power Management
Products GroupPete Oaklander
SVP, WW Sales& Corporate Marketing
David Loftus
SVP, WW Operations &Technology
Sagar Pushpala
SVP, Human ResourcesVern Kelley
SVP, GeneralCounsel
Tom Tokos
Interim CFOJonathan Kennedy
10
Our Strategy
• Intersil’s successful track record
• Intersil today
• Our vision for Intersil in three years
• The highly-competitive HPA market
• Our strategy – how we plan to get there
11
A Successful Track Record
$100
$125
$150
$175
$200
$225
1Q05 2Q05 3Q05 4Q05 1Q06 2Q06 3Q06 4Q06 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08
Rev
enue
($M
)
Intersil Has Grown Faster than the Industry
12
Intersil Today
• 2008 revenues: $770M• Gross margin: 57%*• GPPP/ASSP mix roughly 40/60%• Recent growth propelled by PC business
– Grew to 36% of sales in Q3– Gross margin pressures due to mix change largely offset by
manufacturing cost reductions– Steep decline in Q4 due to PC volatility and channel inventory
reduction
• Heavy R&D investment in recent years to diversify– SAM expansion through new products and markets
*GAAP excluding one time expenses
13
Strategic Acquisitions in 2008
• Acquired July 28• Located in Austin, TX • Part of Consumer Power Product Line
• Developer of world’s only Intelligent Digital Audio Power Amplifiers
• Acquired December 18• Located in Austin, TX • Part of Industrial & Comm Product Line
• Differentiated products for Infrastructure market (Wireless, Networking)
• Acquired September 30• Located in Woburn, MA & Austin, TX
• Part of Analog & Mixed Signal Products Group
• Providing industry’s lowest power, high-speed ADCs
14
Our Vision: Intersil in 3 Years
• Exit 2011 with >$1B revenue run rate• Diverse product portfolio with roughly even mix of
GPPP/ASSP– Strong share in PCs, but smaller percentage of overall sales– Greatly expanded general-purpose product portfolio– Steady growth in Industrial, Infrastructure and Automotive
• Continuation of our Asset-Lite operations model• Stable gross margins of approximately 58%*• Steadily increasing leverage results in operating income
of >26%* by Q4’11
*GAAP
15
Driving Toward Balance
2008Communications
22%
Computing 31% Industrial 22%
Consumer 25%
2011E
Communications 25%
Computing 25% Industrial 24%
Consumer 26%
16
The Analog Business Today
Slowing Growth
Increasing Competition
Profit Pressures
GrowingCustomer
Expectations
Innovation Challenges
Time to Market Pressure
17
The Right Gross Margins
• High enough to allow excellent operating profit• Low enough to participate in high-growth markets
Aiming at the ‘Sweet Spot’
20% 57%80%
FCS
MXIM ADI
LLTC
MPWR
NSM
SLABMCRL
SMTCPOWITXN
AATI CRUS
Richtek
ONNNISIL
18
Intersil is Uniquely Positioned
LLTC
ADI
NSM
MXIM
ISIL
POWI
MPWR
CRUS
MCRL
SMTC
SLAB
19
Intersil’s Growth Strategy
• Continued strong R&D investment– Maintain R&D spending at 2008 levels to fuel future growth– Focus R&D dollars where we have a decisive advantage– Expand SAM: new markets, new product families
• Grow organically and by acquisition– Acquire companies that bring key new technologies, products,
markets– Larger acquisitions considered only if accretive within one year
• Expand breadth and depth of customer engagements– “Moving to the left” - becoming more strategic with our key customers– Selling our entire portfolio - getting fully paid for the value we deliver
• Disciplined financial performance– Focus on stable, industry-leading EPS growth and cash flow– Emphasize GAAP financials for 2009
20
SAM Expansion Drives Growth
• 2% market share today many SAM expansion opportunities
• Examples:– ASSPs for consumer, industrial and automotive applications– Leveraging existing core technologies into emerging markets such
as pico-projectors, alternative energy, LED lighting and gaming– Expanding signal path portfolio with data converters, precision
amplifiers and voltage references - addressing the entire signal chain
– Expanding general purpose power portfolio with linear regulators, high-density switchers and hot-plug controllers
– Module level solutions, initially in power, later in signal conditioning• Intersil’s new GPPP product families are state-of-the-art,
unlike competitors’ products that are often decades old
21
Operational Excellence
• Continuous quality improvement– Reduced field failure rate by 10X– Improved first-pass qual success rate– Improved Reliability department’s
testing & modeling capabilities• Careful inventory control
– Manage buffer builds on fab and foundry closures – Actively manage aged inventory– Improve forecasting and product flow
• A culture of continuous cost reduction– Many new product releases on new 0.25µm BCD process– Transitioning to from gold to copper bond wire– Multi-sourced assembly & test– Dozens of cost reduction efforts throughout Operations
1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08
Greatly Reduced CustomerReported Failure Rate
22
Managing Through the Downturn
• Balancing near-term and long-term goals– Acting responsibly to reduce expenses and maximize cash-flow– Investing for the future – success is defined by strong EPS and
share price growth in coming years• Rapid expense controls implemented
– Responded rapidly with a 9% RIF in early November– No management bonuses or profit sharing paid for 2H’08
and 1H’09– Mandatory vacation for all employees (10 days in Q1’09)– Very tight hiring and expense controls– Significant channel inventory reduction in Q4’08– First to revise Q4’08 guidance in early December
• Restructuring for future earnings growth• Building an even stronger company!
23
Key Takeaways
1 Intersil has a revitalized management team, continues to attract top talent, and is organized to grow sales past $1B
2 Building on a great track record, and uniquely positioned for future growth, even in this very competitive market
3 Executing a strategy of product diversification and SAM expansion; aiming for balance between GPPP and ASSP products
4 Pursuing both organic growth and strategic acquisitions, but maintaining very high standards for ROI
5 An asset-lite model, combined with operational excellence, will result in continuous quality and manufacturing cost improvements
6 Management is taking appropriate measures for expense control, but remains focused on building an even stronger company for the long-term
Analog &Mixed Signal
Susan HardmanSenior Vice President
25
Broadening GPPP & ASSP Portfolio
High-End Consumer
Computing Industrial Comms
5V Precision Amps40V Precision Amps
HS Op AmpsADC Buffers
Delay Line Filters
Switches/MUXesCrosspoint Switches
HS AD ConvertersHS DA Converters
Prec AD ConvertersPrec DA Converters
Voltage ReferencesAFEs
Real-Time ClocksClock ModulesLight Sensors
Proximity Sensors
InterfaceDCPs
NVM DCPsPrecision DCPs
ComparatorsLevel Shifters
ASS
PG
PPP
Solve Customers’ Challenges Through Innovation and Integration
xDSLKVM/VideoTest Equipment
LCD DisplaysHandheld
Optical StorageLaser Printers
Pico-Projectors
26
Building the Bridge
• Key talent• LDDs
– Optical– Printers and pico-
projectors• Light and proximity
sensors• Data converters• Precision
27
Key Talent Additions and Transitions
BackgroundRoger Levinson (VP/GM) MSEE; VP Design, Xicor, API, 20 yrs
Dr. Huibert Verhoeven (VP/GM) PhD; NSM, 12 yrs
Phill LoPresti (Director) MSEE; Kenet, NEC, 25 yrs
Kenet Engineering Team Four PhDs in technical leadership roles, 20+ yrs
High Speed Sr Applications Manager MBA/BSEE; TI, Burr Brown,30 yrs
Sensor Sr Applications Manager MSEE; Maxim, Teradyne, 16 yrs
Technical Marketing Managers MS/BSEE; ADI, TI, NSM, Fairchild, Maxim, 18+ yrs
Position
28
Changing Landscape Creates Opportunity
Printer LDD
RGB Laser Driver Power Monitoring IC Sensor Light Sensor (Many other ISIL products)
Blu-Ray Laser Driver Power Monitoring IC Sensor
29
Delivering OPU Architectural Solutions
ConventionalWaveform Timing
Control Inside DSP
Laser Power ControlInside DSP
(+) Low cost(+) Low power consumption(-) Low design flexibility(-) High flex signal count(-) Large package(-) Difficult to achieve 12X BD
Write StrategyWaveform Timing
Control Inside LDD
Laser Power ControlInside LDD
(-) Expensive(-) High power consumption(+) High design flexibility(+) Low flex signal count(•) Medium package(+) Definitely achieve 12X BD
HybridWaveform Timing
Control Inside DSP
Laser Power ControlInside LDD
(+) Low cost (longer term)(+) Low power consumption(•) Good design flexibility(+) Low flex signal count(+) Smallest possible package(+) Easier to achieve 12X BD
30
How a Laser Printer Works
There are four lasers for each of the four toner colors.
Each color goes through same printing process. Four to eight lasers can be added to
increase print speed for each color.
System requires one or more LDDsand at least two laser sensors
31
Intersil’s LDD Advantages
• Higher print speed and resolution– Highest bandwidth and
shortest minimum pulse allows significantly faster, high resolution graphics
• Reduces BOM and space: requires no external components
• Next generation MEMS based printers will require higher power, faster laser solutions
Intersil is Well Positioned to Capture Laser Printer LDDs
32
Pico-Projectors: Large Emerging Market
Integrated in:• Mobile Phones• Portable video players• Digital cameras, camcorders• PDAs• Tablet mini-PCs
• Integrated projectors in laptops• Standalone, ultra-portable projectors• Heads-up displays and GPS systems• Head mounted displays/glasses• Consumer home theater
33
Laser: Best Solution; Most Opportunity
Pico-Projector Architecture
DLP LCoS Laser
Power Consumption Poor Acceptable Best
System Size Good (low res 480x320)Poor (higher res)
Good Good (today)Best (higher res)
Solution Cost Today/Future1
(XGA or higher)
Medium/highest Low/low(if using LED)
High/Low(Green laser cost)
Resolution Need much larger DLP (HGVA 480x320 today)
Need larger LCoS (VGA 640x480 today)
Scalable higher (SVGA 800x600 today)
System Advantages • Manual focus• Trapezoidal effect issue
• Manual focus• Trapezoidal effect issue
• Always in focus• Compensate trapezoidal effect
Time to Market Available now (MP Q408) Available now (MP Q408) Longer (2H09)
Key Notes:1Source - Insight Media Research report comparisons of different BOM cost
34
Multiple Opportunities in Pico-Projectors
AdjustableDC-DC
Regulators
VideoSource
Compensates for laser power vs temp, aging
Ambient Light Sensor +Integrated Proximity
Sensor with I2C
Adjusts display brightness for ambient light conditions for improved battery life
Lens/Optics
X-Y AxisMEMS Mirror
Scr
een/
Imag
e
Li-IonBattery
Video AFE(if VGAOutput)
LaserCalibration
PhotoSensor
Laser Driver
Laser Sensors(R, G, B lasers)
DAC LaserOutputs
MEMSDriver
ProjectorASIC/
Controller
BatteryCharger
35
Market Leadership in Proximity/Light Sensors
• High integration– ADC, interrupt function, LED
driver, dark current compensation, temperature compensation
• High sensitivity– Good proximity sensing range
up to 40-60mm– Great ambient light sensitivity
down to 0.05 Lux– Great angular sensitivity – no
need for light pipe in most cases
• Flexibility• Lowest power light sensors• Outstanding application
support
36
Proximity/Light Sensors Key Growth Driver
Many Applications Across Numerous Markets
37
Complete Signal Chain Solutions
DCP
ADC DACSignalSensor
DigitalProcessing
VoltageReference
MU
XDCP
Amp
AmpDCP
Amp
Expanding SAMExisting SAM
• Op Amps– High Speed– Precision– Rail-to-Rail– Low Power
• Analog Front Ends• DCPs• Real Time Clocks• Data Converters• Voltage References
• Interface– RS-485– RS-422– High ESD– Fractional Load
• Switch/MUX– Differential– Duals/Quads– Low Voltage
– Cable Drivers& Receivers
– Differential– Video
Analog Signal Processing
• Battery Chargers• Battery Management• PWM + MOSFET Drivers• Supervisory ICs
• Hot Swap/Hot Plug• System Management• Broadband Power
• Display Power• White LED Drivers• Fuel Gauges• DDR
Power Management• OR-ing FET Controllers• Duals/Triples/Quads• Graphics
38
Intersil Addresses Key Segments
Bits
<1 MSPS
25 MSPS
100 MSPS
250 MSPS
1 GSPS
500 MSPS
SampleRate
10 12 14 16 18 20 22 24
Lowest Power, Highest Resolution in 100MSPS+ Space
Instrumentation, Radar, SDR, Broadband Communications
Best Noise Performance Across Full BW Spectrum
Industrial Control, Power Monitoring/Control
86
ΔΣHigh Precision,Low Frequency
Ex. Audio
SAR: IndustrialControl
Flash:Instrumentation
Military
CT ΔΣRF Receivers
Pipelined: SDR, RF Receivers, Radar Arrays,
Data Acq, Video
Intersil
Intersil
39
The Lowest Power High Speed Data Converters
• At 100mW to less than 500mW total power, these data converters deliver the industry’s lowest power consumption
• No trade-offs in performance!
• Competition consumes up to 5 times more power!
Traditional
FemtoChargeTM
40
Intersil’s Solutions are Key Enablers
Medical Imaging
PET ScanMRI/CAT Scan
High Speed OscilloscopesSpectrum Analyzers
Communications Testers
Instrumentation& Test
Wireless Infrastructure
Power Amp LinearizationCellular Base Stations
Data Acquisition
USB DigitizerUSB Oscilloscope
ATE
Communicationsand Military
Array AntennasPt-Pt Microwave
SDR-Software Defined Radios
HandsetsMan-Packs
Cable HeadEnd Equipment
CMTS
High Definition Imaging / Video
HDTV CamcorderHigh End Scanner
HD Video Conference
41
Leveraging Today’s Technology
• New product portfolio optimizes the combination of off-set, noise and power to meet today’s market needs
• Proprietary 40V precision BiCMOS technology optimized for noise, power, speed and ruggedness
• Proprietary high voltage/high density 0.25µm CMOS platform technology
• Bridge the gap between high voltage analog and low voltage data acquisition
Providing Innovative Precision Solutions for Industrial, Medical and Instrumentation Markets
16-24 BITADC
MUX+/-10V0-10V0-5V+/-5V
SensorμV to V Range
VOLTAGEREFERENCE
HI-509A
VOCM
16-24 BITADC
MUX+/-10V0-10V0-5V+/-5V
SensorμV to V Range
VOLTAGEREFERENCE
HI-509A
VOCM
42
Precision Amplifier Product Tree
30µA Supply Current-50mV to 28V Vcm250 µV Input Vos20V/V, 50V/V, 100V/V, & ADJ
CurrentSenseAmps
ISL2800628V
In Development
Op Amps Instrumentation Amps
43
Precision Analog – Future Growth Engine
• Sensor conditioning– Thermocouple– Strain gauge – Positioning
• Industrial & instrumentation– Test equipment– Weigh scales– Data acquisition systems– Infrastructure
• Medical instrumentation– ECG, EEG, ultrasound– CAT scan, etc.
• Automotive instrumentation
Complete Portfolio of Amps, References and Data Converters
44
Expanding SAM Enables Growth
• Expanding SAM in many areas:– Light and proximity sensors– Precision amps and
voltage references– High speed buffers– High speed data converters– Precision data converters
• Emerging markets and architecture transitions– Pico-projectors– Laser printers Today’s SAM
Data Converters
Light/ProximitySensors
EmergingMarkets
SAM
Amps &Voltage References
45
Key Takeaways
1
Maintain ASSP leadership in displays, optical storage, DSL and KVM/video2
Identified SAM expansion enables both near and long term growth at or above target gross margins3
An excellent team and right organizational structure to execute and deliver results
4 Expand into new markets and develop new core technologyPico-projectorsProximity and light sensors
5 Establish leadership as signal/control path solution providerData convertersPrecision
6 Solve customers’ challenges through innovation and integration
46
Q&A
Huibert Verhoeven
Vice President and General Manager – High Speed
Products Group
Roger Levinson
Vice President and General Manager – Precision Products
Power Management ProductsPeter OaklanderSenior Vice President
48
Power Management Products Agenda
• Group level– Current state– Snapshot three years later– Future growth drivers
• Vertical market details– Consumer– Computing– Automotive
• Horizontal market details– Specialty– Industrial/Communications
• Key takeaways• Q & A
49
High-End Consumer
Computing Industrial AutomotiveComms
D2AudioPMICs
Battery ManagementHigh Efficiency
RegulatorsClass D Audio
Integrated FET DC/DCPWM Controllers
Battery ManagementAEC Qualified ICs
SERDESDisplay ASSPs
Integrated FET DC/DCBattery Management
PMICsDigital Power
VCORE ControllersPWM Controllers
Hot Swap
Digital PowerLDOs
ModulesPWM Controllers
Integrated FET DC/DCBridge DriversIsolated Power
SupervisoryMilitary ICs
Digital PowerLDOs
ModulesRad-Hard ICs
PWM ControllersIntegrated FET DC/DC
Bridge DriversIsolated Power
Hot Plug ControllersSupervisory
GPP
P
Smart PhonesDocking Stations
AV ReceiversHandheld Consumer
LCD DisplaysGaming
DesktopsNotebooksNetbooksServers
GraphicsEmbedded Computing
Industrial ControlsFactory Automation
MilitaryInstrumentationTest Equipment
Medical
Base StationsNetworking
Wireless BroadbandSet-Top Boxes
SatellitesxDSL
Power TrainHybrid AutosInfotainmentPower Train
SafetyLCD Displays
Broadening GPPP & ASSP PortfolioA
SSP
50
Proven Success in Large Vertical Markets
• Intersil’s core competency– Superior product definition– Execution on new product
development– Intimacy with key market
drivers– Strong technical support– Resourcefulness to respond
to market dynamics– Flexible manufacturing to
support fast ramps• Examples: Computing,
Handheld, Displays
51
General Purpose and Infrastructure Growth
• Leadership position in military and radiation hard end markets
• GPPP product family expansion• Growing number of design wins and
customer base for GPPP product families• Balance in investment • Experienced team
52
Growth through Balanced SAM Expansion
• Balance between ASSP and GPPP
• Engaged in identifying and growing defendable niche markets
• Expanding and defending positions in large verticals
• Expanded Infrastructure share (Industrial & Comms)
• Full engagement in Auto• Optimized Computing
engagement
Today’s SAMSA
M Audio
Industrial LDOs
Digital DC/DC
Auto Qualed ICs
PMICs
Integrated FETs
Modules
Power Management’s Three Year Vision
53
Power Management Growth Drivers
Vertical/ASSP• Replicating vertical successes• Discipline to focus on opps
that value differentiated solutions
• Expansion in Auto investment• Product cost reductions• Capabilities of engineering
team• Technologies and new
customer relationships from recent acquisitions
Horizontal/GPPP• Continue to invest in GPPP
above corporate average• Increased customer exposure • successful design in funnel
across a wide customer base• Provide above average gross
margins• Above average growth rate• Addition of Zilker Labs to
portfolio • Increase in Specialty portfolio• Traction in module business
54
Key Talent Additions and Transitions
Davin Lee to VP/GM of Consumer Power VP/GM Industrial/Comm, Xicor
Director of Automotive Products ADI, 22 yrs
Director of West Coast Design ADI, Maxim, 23 yrs
Director of D2Audio/Zilker Labs D2Audio, Vitesse, Benchmarq, 25 yrs
Sr. Systems Mgr. Zilker Labs ColdWatt, Dell, Astec, Bell Labs, 25 yrs
Sensor Sr Applications Manager MSEE; Maxim, Teradyne, 16 yrs
Sr. Design Mgr. Zilker Labs ESS Technology, Cirrus Crystal, TI, 26 yrs
BackgroundPosition
New Director Emerging Markets ColdWatt, Dell, Astec, Bell Labs, 25 yrs
Industry Audio Expert: D2Audio Intersil 8 yrs, Moto 13 yrs
Power Semiconductor Sr. Technologist AOS, Fultec, LTC, NSC, HP, FCS, 28 yrs
55
Consumer Power & Audio
56
Competitive Advantages
• Broad proven IP on 0.25µm power process• Higher levels of integration
– Ex. Display: Power + DCP + VCOM + Level Shift + EE (45V)• Higher performance
– Better efficiency: longer battery life for handhelds and slimmer flat panel TVs due to less heat dissipation
• Customer intimacy– Deep relationships with Tier 1 customers for better product
definition• Execution
– Proven history of delivering in competitive vertical markets
57
Mini PMIC
System Opportunities: Smartphone
Expanding SAMExisting SAM Not Served
Memory/SIMM Card/USB interfaces
Combined Audio/USB Jack
RFSwitch
PA
PABuck
RFTransceiver
StereoCaplessHP Amp
Class DAudioAmp
Ambient/Proximity
Light Sensor
USB/AudioSwitch
Apps/GraphicsProcessor
Ser
Des
TX
Ser
Des
RX
CMOSCameraModule
Main LCD
SecondaryLCD/OLED
VideoAmp
Osc &RTC
Dual I/PCharger
I2C/Interrupt
BuckRegulator
Batt VoltageMonitor
Sequence/WDT/GPIOs
BackupBatt Charger
Acc Detect
13 LDOs
PMICLevel Trans.ESD Prot.
Battery ManagementOC/OVP Charger Fuel Gauge Authentication
Single-ChipGPRS/Edge
Chipset
Buck ULVLDO
DualLDO
LEDFlash/Torch
WhiteLED
and/orOLEDDriver
58
PMIC Expansion in Display Panels
User Interface
ColumnDriver
ColumnDriver
VideoProcessor
VGAInput
Interface
TimingController
Gamma Buffers
LogicBuck
Boost
LDO
EEPROM
AdaptiveLED
Driver
ChargePump
LevelShifters
ChargePump
VCOMDCP
VCOMDCP
LCDPower
Backlight Power
LCDPower
+Analog
+Level
Shifters
59
SAM Potential in Game Consoles
Expanding SAMExisting SAM Not Served
Graphics RAM
VTT/Cache
Core
GPU
GDDR
LDOs
Audio Codec
FETs
FETs
Power Stage
Power Stage
Power Stage
Power Stage
FETs
FETs
FETs
FETs
DC/DC
VCORE DC/DC
VCORE DC/DC
DC/DC
DC/DC
AC/DC
Boost Charger
or
60
D2Audio Value Proposition
DSP Class D Controller
Sound ProcessingLicense ($)
One-chip solution
More Features, Fewer Parts, Better Sound
Competitor Solutions
Intersil’s D2Audio Solution
Royalty-free software + GUI control
61
Computing Power
62
Computing Growth Drivers
• Products and technology– Advanced modulators– Broad product portfolio
• Reliable supplier– Tripled capacity in 18
months– High quality: reduced PPM
during ramp
• Relationships– Above drives trust with
OEMs and ODMs
PWM
COMP+
V W
COMP
Synthetic inductor current
R3 Advanced Control Architecture
Fix data make readable
0
100
200
300
400
500
600
700
1H06 2H06 1H07 2H07 1H08 2H080
10
20
30
40
50
60
70
Capacity PPM
Quality vs Fab Capacity Installed
63
Opportunities in Notebooks
Expanding SAM Commoditizing SAMExisting SAM
CPU
AuxPower Mgmt
CPU Vcore
MOSFETDriver
SystemRegulation
DDR MemoryPower Mgmt
Class DCodecAmbientLight SensorWiMAX
AdvancedGraphicsProcessor
GPU DDRMemory Power
PWM forGPU Core
Chipset PowerManagement
InterfaceController
USB/RS-232/Cardbus
Interfaces
IntegratedMOSFETs
CPUPower
SystemPower
Charger
BatteryProtection
BatteryCharger
CellBalancing
Power SupplySequencer
FuelGauge
North/South Bridge
Not Served
LED BacklightController
Display Panel or Motherboard
Linear Regulators
64
Servers Offer Value Added Opportunities
Expanding SAMExisting SAM
CPU Core Power Stage
CPU VTT Power Stage
DDR3 Power Stage
DDR3 VTT Power Stage
CPU PLL Power Stage
P3V3
P1V8
P1V1
P1V1 IOH
1.2V AUX
1.5V ICH9
1.8V AUX
1.0V AUX
SilverBox
Intersil Has the Best Low Power Efficiency Performance
Equipment $/Box 2008-102P Server +50%
Blade Server +65%
Workstation +50%
P1V5P1V5
3.3V3.3V
65
Computing Strategy
• Maintain Notebook VCORE market share leadership• Focus R&D on high value sockets in Notebook,
Servers and Workstations• Leverage investment in derivative markets
– Netbooks– Games– Embedded
• Stay competitive with manufacturing cost reductions• Maintain leadership position with key OEMs
and ODMs
66
Automotive Products
67
Intersil Content for Automotive
Expanding SAM Existing SAM
Vehicle DynamicsTemp Sensors
Digital Potentiometers
Adaptive SuspensionSensor Conditioning Amplifiers
Digital Potentiometers
LightingLED Drivers
Rear Seat EntertainmentD2AudioSerDes
Advanced Driver Assistance(Camera/Lidar/Radar)
HS ConvertersAmplifiersSerDes
Light SensorsDisplay DriversStandard Power
InfotainmentD2Audio
Display ASSPsA-V Amps
Intel Power ASSPsUSB ITFs
TransmissionCurrent Shunt Sensor
Interface ICsTemp Sensors
AmplifiersASSPs
Electronic Power SteeringFET Drivers
High & Low Side Current Sense Amps
Hybrid-Electric Vehicle Cell Balancing
LDOsAmplifiers
68
Automotive Growth Drivers
• IC growth is continuing as the average vehicle electronic content increases from $260 in 2006 to $340 in 2011
• Increase in electronics content over the next few years is mainly driven by – Reduction of fuel consumption– Reduction of environmental pollution (CO2)– Additional safety systems– Replacement of mechanical and hydraulic systems– Expansion of telematics in autos
69
Competitive Advantages
• High reuse of power and mixed signal IP in ASSPs• Leveraging GPPP product portfolio• High quality reputation from Space/Mil business• Leveraging experienced R&D teams• Expanding our customer base into new
geographical regions• Addition of experienced talent and new acquisitions • Relationships with Auto OEMs and Tier 1 customers
70
Specialty Products
71
Specialty Growth Drivers
• Core competency/brand recognition in achieving Military DSCC certification
• Consistency of product supply• Demonstrated SEE/TID radiation performance
and flight survivability• Breadth of building block portfolio• Customer intimacy on secure and high rel
products• Differentiated COTS products augmented with
temperature extensions serves military/harsh environment market
72
Space Market Expansion
Intersil CompetenciesRadiation Hard design expertise
+System knowledge
+Power / AMS core IP
+Proprietary process technology
+Worldwide sales presence
Delivers• SEE/ELDRS survivability
• Power efficiency
• Reliability
• Weight savings
• Select signal chain products
• Access to developing markets
Unique Competencies Enable Market Expansion
73
Large and Expanding Content
Power Management Blocks
Signal Chain Blocks
74
Industrial & Communications Power
75
Steady Progress
• Consistency of investment in GPPP team– Product portfolio– Technical support capability– Engineering talent and scale
• Above corporate average investment in R&D
• Focus on differentiation, less “me too”• Focus on some specific end markets within
Industrial/Communications• Our broadened line card has stimulated:
– Distributor network promotion– Customer confidence to engage
2006 2007 2008
Opportunities
Design Wins
76
Expanding Portfolio
Infrastructure Power Management Example
High CurrentPoint-of-Load
DC/DC
BusConverter
48V to8~12V
High EfficiencyPoint-of-Load
DC/DC
Low DropoutPoint-of-Load
DC/DC
Digital LoopDC/DC
VoltageMonitors
ORingFET
Controller
DC/DCBus
Converter400V to 48V
ORingFET
Controller
DC/DCBus
Converter400V to 48V
PFC
(Pow
er F
acto
r Cor
rect
ion)
AC
/DC
Power Modules
Existing SAM Expanding SAM
77
Investment in Modules
• Help customers who have limited power R&D
• Provide fast time to market
• Value for space constrained apps
• Expand SAM
78
Future Significant Growth in Digital Power
• The digital power IC market is poised for growth with markets ready for mainstream adoption, including:– Communications– Industrial management– Data processing– Energy
• Gartner projects the digital controller market to grow nearly $400 million by 2011– This represents less than 4% of
the total voltage regulator market• Zilker Labs acquisition gives
Intersil leadership position in this emerging market
Digital Controller Market Forecast ($M)
$0
$50
$100
$150
$200
$250
$300
$350
$400
2006 2007 2008 2009 2010 2011
Data Processing Communications Industrial Energy Management Consumer
79
Zilker Digital DC/DC Benefits
• Power conversion performance• Fewer discrete components drives smaller
PCB footprint• The same IC is easily reconfigurable for
multiple uses in a system• Easy-to-use software development tools
PCBs & Data Courtesy Ericsson Power Modules
Zilker-basedDigital Module
Evaluation Software
% Efficiency over ILOAD
Analog Module
80
Key Takeaways
1 Maintained key sockets in Notebook next generation
2 Continue to invest in value added computing sockets
3 New PMICs expanding SAM in beyond handheld
4 D2Audio and Zilker acquisitions add technology and new customer base
5 ASSP execution model being replicated in new vertical end applications
6 Continuing to invest in Industrial and Comm power above corporate avg.
7 Expanding Specialty and Auto investment
8 Key additions and transitions have strengthened Power Management team
81
Q&A
Michael Althar
Vice President and General Manager – Specialty Products
Davin Lee
Vice President and General Manager – Consumer
Power Products
Paul Sferrazza
Vice President and General Manager – Computing
Power Products
82
Break10:10 – 10:25
83
Agenda
Introduction Jonathan Kennedy 7:30 - 7:35
Corporate Overview Dave Bell 7:35 - 8:10
Analog & Mixed Signal Products Susan Hardman 8:10 - 9:10
Power Management Products Pete Oaklander 9:10 - 10:10
Break 10:10 - 10:25
Worldwide Sales & Marketing David Loftus 10:25 - 10:50
Worldwide Operations & Technology Sagar Pushpala 10:50 - 11:15
Financial Overview Jonathan Kennedy 11:15 - 11:45
Conclusion and Final Q&A Dave Bell 11:45 - 12:00
Lunch 12:00
Worldwide Sales& Corp. Marketing
David LoftusSenior Vice President
85
Key Themes
• Tremendous market opportunity • Highly experienced team• Close partnerships with worldwide Tier 1
customers• Organization and channel improvements
enhance demand creation capabilities• Balancing ASSP engagements with wider
GPPP business• Move to the left – improving position as
customers’ critical component supplier• Capitalize on brand value
86
WorldwideSemiconductorMarket (CY2008)
$266 BillionSource: iSuppli Jan 2009
Intersil Revenue (CY2008)$770M Million
Source: Intersil
Intersil TAM (CY2008)
$37.1 BillionSource: Databeans, iSuppli
Tremendous Market Opportunity
87
Why We Will Win
• The right people on the bus– Agile, motivated, highly experienced team
• VP Americas: 2007, ADI, Authentec, Harris• VP Europe: 1999, Harris, Philips, ST• VP APAC: 2002, Elantec• VP Japan: 2006, Maxim, ST, Thomson, Hitachi
• Align to strengths and exploit SAM expansion– Vertical market ODM model– Green and longer battery life requirements– Automotive electronic content– Globalization of Space market– Integration: defining value
• Leverage sustainable competitive advantages• Continued penetration of Tier 1s
– Focus on under-penetrated customers– Exceptional support– Becoming a trusted advisor
88
Power Still #1 Growth Opportunity
2014 Analog GPPP TAM $25.9B
Power 52.1%
Interface 12.9%
Data Converters 18.1%
Comparators 0.9%
Amplifiers 16.0%
• Capitalize on winning positions in Computing and Consumer power
• New opportunities: digital power and modules for Industrial & Communications
• Balance with focused AMS investments
2009 Analog GPPP TAM $14.9B
Power 51.2%
Interface 14.3%
Data Converters
14.8%
Comparators 1.9%
Amplifiers 17.8%
Source: Databeans Estimates
89
Balancing our Investments
• Projected 5 year growth rates– Analog ASSP 10% CAGR– Analog GPPP 12% CAGR
• Direct resources focused on growing closer strategic relationships with Tier 1 computing, consumer, and communications companies to drive ASSP– Deep understanding of
customer applications– Close hands-on support to
achieve winning results and closer relationships
• Continual effort to optimize channels and partners to drive broader general purpose product growth
0
10,000
20,000
30,000
40,000
50,000
60,000
$M
2006 2007 2008 2009 2010 2011 2012 2013 2014
ASSP vs GPPP
GPPP ASSP
Source: Databeans Estimates
90
Successful Coverage Model
Direct Sales FocusClose Tier 1 ASSP Engagement
Pull-through of GPPPSupport Differentiation
Direct Management & Rep Sales ResourcesOpportunistic ASSP Engagement
Channel Partner CoverageGPPP Focus
Tier 1Customers
Tier 2Customers
Tier 3Customers
Number of Customers
$
$$
$$$
91
Asia Pacific – Strong Investment
Intersil 2008 Revenue
EMEA 9%
APAC 64%
Japan 8%
Americas 19%
• Continue investment in direct sales– Hangzhou Apps team– Expand AMS team for
GPPP• Leverage Notebook
share– ODM relationships– Netbook growth
92
Americas – Build on Tier 1s
• Leverage industry driver relationships– Intel, AMD
• Deepen penetration of Tier 1s– Servers, Automotive,
Communications• Upgrade/add partners
– Midwest rep consolidation– Hybrid structure in Bay and
Boston to increase focus on Tier 2 and Horizontal business
– Exploit move from Avnet to Avnet/Memec
93
Japan – Great Expansion
• Expand on major wins at Tier 1 consumer accounts, especially gaming and displays
• GPPP drives Industrial• Leverage strong position
in Optical Drives -dominate BluRay
• Invest in Auto
94
EMEA – Aligned for Success
• Alignment with key markets and customers– Communications– Auto– Space, High Reliability
• Add regional distis to complement globals– GPPP drives Industrial
95
A Customer’s View of ValueC
ompo
nent
sC
onsi
dere
d
ProcessorDSPFPGASOC, ASSPData Converters
- Speed- Accuracy
Memory ArchHigh Speed InterfaceCore Power
PowerSlow Speed InterfaceSignal Path
Commodity
ConceptualDesign
ArchitecturalTradeoffs
CriticalComponentSelection
SystemPrototype
& Eval
FinalBOM &Ramp
Production
Non CriticalComponentSelection
Buying Cycle
Customer Value PropInnovation
Differentiation Customer Execution Phase
96
Late Entrants Suffer
Often commodity analog companies are late to the gameLittle opportunity to impact architecture/BOMRarely sole source, challenged for margins
OpportunityQualification
Designand
PrototypeSupport
Close the OrderSelling Cycle
Customer Value PropInnovation
Differentiation Customer Execution Phase
ConceptualDesign
ArchitecturalTradeoffs
CriticalComponentSelection
SystemPrototype
& Eval
FinalBOM &Ramp
Production
Non CriticalComponentSelection
Buying Cycle
97
Move to the Left for Value
ASSPs and acquisitions provide key opportunity to move to the left
i.e., D2Audio, Kenet, Zilker
Customer Value PropInnovation
Differentiation Customer Execution Phase
ConceptualDesign
ArchitecturalTradeoffs
CriticalComponentSelection
SystemPrototype
& Eval
FinalBOM &Ramp
Production
Non CriticalComponentSelection
Buying Cycle
Pull ThroughBalance of
ProductPortfolio
Designand
PrototypeSupport
Close the Order
ImprovedSelling Cycle
OpportunityQualification
ArchitecturalEngagement Negotiation
98
Example of Success
Customer: Major Auto Tier 1Prior Business: NoneProgram/Opportunity: nine-channel audio amplifier, 1Mu/yrCompetition: TI, IRStrategy: Lead with D2Audio products; emphasis on DSP
implementation of cabin correction, graceful fault protection/recovery, premium audiophile endorsement
Pull-through Opportunity: Power managementResults: Customer asked Intersil to deliver full design DSP + power:
Intersil content more than doubled
99
Capitalize on Brand Value
• Leverage well established technology and quality leadership
• Reinforce technology leadership positions– Light Sensors, Hi Rel, etc.
• Co brand with acquisitions that have established unique brand value
– D2Audio
– Zilker Labs
100
Key Takeaways
1 Highly experienced management team
2
Balanced play between ASSP and GPPP3
Strong worldwide team with a winning strategy, reinforced with exceptional products
4 Moving to the left – establishing Intersil as a “Trusted Advisor”
5 Intersil is well positioned for industry recovery
Worldwide Operations & TechnologySagar PushpalaSenior Vice President
102
Operations & Technology’s Vision
A nimble, customer-centric supplier of
• Innovative analog technology solutions• Cost efficient manufacturing processes• Best in class quality and reliability
103
Achievements since last Analyst Day
Internal: 40% capacity availableAdding new technologies, ramping, going greener!
Foundry: Supply agreements in place for 50% incremental capacity
Multiple foundry locations for 0.25µm
Back-End: Long-term partnershipsConsigned tester capacity, captive assembly & testStrengthen off-shore engineering team
104
Key Talent Additions
BackgroundDirector, Process Technology PhD; NSM, LLTC
Foundry Engineering PhD; MXIM
ESD Expert PhD; IBM, TSMC
Reliability Engineering MS; Motorola, Freescale
Position
105
Flexible Manufacturing, Low Cost Wafers
• Asset-Lite– 25% internal: 75% foundry wafers– Multi-foundry sourcing for high volume
technologies– Continue to invest in competitive technologies
• Intersil owned• Jointly developed• Off-the-shelf
106
Flexible, Low Cost Assembly & Test
• Asset-Lite…..– >99% backend sub-con outsourced– Multi-backend sub-con sourcing for volume
assembly packages– Continue to invest in unique capabilities, cost
reduction roadmap• e.g.: Optical/Sensors, Modules, Form factor, BOM
– Captive test floors at sub-cons• Stronger Asia presence
107
“Asset-Lite” Operations
Fabs (2 1) internal
Foundries (2 primary, 13 other)
Back-End (2 internal, 14 external)
Front End: Revenues Back-End: Die Tested
Internal 25%External 75%(64 75%)
Internal 1%
External 99%
108
Asset-Lite Advantages
Analog IDM(+) Strong process knowledge(+) Access to own wafer fabs(+) Process tuned to products(+) Lowest cost at max capacity(+) Proprietary processes(-) High Capex investment(-) Longer time to market(-) Lower GM at lower utilization
levels
Fabless(+) Low Capex investment(+) Shorter time to market(+) Stable GM(-) Higher wafer, assembly & test
prices(-) Generic, narrow process
portfolio(-) Minimal process knowledge
Analog Asset-Lite(+) Strong process knowledge(+) Access to depreciated
foundry fabs(+) Process tuned to products(+) Stable gross margin(+) Proprietary processes(+) Low Capex investment(+) Shorter time to market(±) Competitive wafer,
assembly & test prices
109
Access to Low Cost Wafer Locations
ChinaGermany
IntersilFlorida
Japan
Taiwan
Singapore
Idaho
Minnesota
New YorkMaine Vermont
California
110
Access to Low Cost Assembly & Test
IntersilCalifornia
China
South Korea
IntersilFlorida
Malaysia
Thailand
Philippines
Taiwan
Singapore
111
Proprietary Processes = Broad Product Portfolio
Barriers to Entry!
Intersil Owned + Jointly Developed + Off-the-Shelf Foundry Processes
BCDPlatform
Power StageLinear
RegulatorsDC/DC
ConvertersInterface ProductsModules
(FET)
Proc
esse
sPr
oduc
ts
BiCMOS
Mixed Signal
InterfaceProducts
BiCMOSHi-Perfor,
HV
HS Op AmpsDSL LD
ATE
BiCMOSHi Voltage
(100V)
BroadbandPower
Class D AudioTelecom PM
BiPOLARHi Voltage
SOI
DSL LDPrec. AmpsInstr. Amps
CMOSMixed Signal
Switch/MUXLDD
Display DriverLCD Buffers(HV CMOS)
CMOSNVM
EEPROMVREFDCP
Battery MgmtFuel Gauge
Digital PowerManagement
CMOSSensor
OEIC Products
CMOSDeep
Submicron
Data Converters
AFEDigital Audio
112
Continuous Cost and Quality Improvements
• Dual foundry sources for high volume processes• Crisper inventory management• Complete internal 4” fab consolidation (2 fabs
1)• 2 captive test floors at existing sub-con partners• Continue to outsource assembly to multiple
partners – leverage lowest costs, China presence
• Best in class product quality levels, ppm • M&A – significantly lower cost of goods sold
113
2009 Key Technology Programs
• Ramp competitive, 0.25µm platform process• 0.18µm process ramp, high voltage
development• Copper bond wire proliferation, many sites• Module development and portfolio expansion
– Lead frame, Copper clip• Smaller, lower cost packages
114
Intersil’s Commitment to Quality
Continuous Improvement in Customer Quality
1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 Q409Goal
Cus
tom
er R
epor
ted
PPM
Best in Class
115
Key Takeaways
1 Strong and experienced Technology and Operations team
2 Differentiated HPA operations strategy – Asset-Lite: Flexibility, Low Cost
3 Broad portfolio of process and package technologies competitive products
4 Relentless drive to improve quality, delivery, yields, productivity and costs
5 Manufacturing partner leverage stable gross margins
FinancialOverview
Jonathan KennedyInterim CFO
117
Key Financial Objectives
• Grow revenue faster than peers• Diversify and grow revenue base• Earnings accelerate when growth returns• Generate superior free cash flow• Near term spending discipline• Provide excellent returns to shareholders
118
Revenue Diversity
0
200
400
600
800
1000
1200
2007 2008 Goal
Computing Consumer Industrial Communications
Zilker digital power
Kenetdata converters
D2Audio
Gaming
Light sensors
PMICs
LDDs
Modules
119
Faster Revenue Growth
Large peers: ADI, MXIM, LLTC, NSMSmall peers: SMTC, MCRL, POWI, MPWR
2005 2006 2007 2008 4-Yr CAGR
Large peers (< $1B)
-2% 10% -5% -2% 0%
ISIL 13% 23% 2% 2% 10%Small peers (< $300M)
18% 5% 7% 8% 9%
Group 0% 11% -3% -1% 2%
120
Targets When Growth Returns
* Excludes one-time items and acquisition related expenses, includes equity compensation
2007 2008 TargetRevenue $757.1 $769.7 >$1B
Revenue Growth (y/y) 2% 2% Faster than peers
GM (incl equity comp) 57% 57% 58%
Op Income* 22% 22% >26%
Non-GAAP EPS Growth 8% -3% Faster than revenue
ROC 15% 10% 18%
Dividend $0.48 $0.48 Increasing w/ FCF
121
Balance Sheet Targets
Jan 02 Dec 28Assets 2009 2007Current Assets
Cash, cash equivalents and short-term investments $ 312.6 $ 483.8 Trade receivables, net 66.6 117.4 Inventories, net 110.2 98.6 Other current assets 47.2 48.6
Total Current Assets 536.7 748.5 Other Assets
Property, plant and equipment, net 112.8 109.6 Intangible assets 352.4 1,475.7 Long-term investments 81.3 19.1 Other 61.1 52.1
Total Other Assets 607.6 1,656.5 Total Assets $ 1,144.2 $ 2,405.0
Liabilities and Shareholders' EquityCurrent Liabilities
Trade accounts payable $ 22.3 $ 40.2 Deferred net revenue 10.6 10.3 Other accrued items 77.9 74.9
Total Liabilities 110.8 125.4 Non-current Liabilities
Income taxes payable - 40.7
Total Shareholders' Equity 1,033.5 2,238.9 Total Liabilities and Shareholders' Equity $ 1,144.2 $ 2,405.0
122
Excellent Cash Flow
2006 2007 2008Revenue $741 $757 $770Ops Cash Flow $236 $232 $205Net Capex $30 $18 $32Free Cash Flow $206 $214 $173Share O/S (millions) $145 $134 $124FCF/Share $1.42 $1.60 $1.40Dividends Per Share $0.21 $0.40 $ 0.48
123
Near Term Cash Flow Picture
• Improvements in working capital– $10M per quarter reduction in inventory– Inventory back to 100 days by year end– $10M reduction in receivables in Q1
• Minimal capital expenditures– $1M per quarter
• Maintain dividend rate– $.48 per share – currently a 5% yield
• Minimal to no share buy-back• $17M / quarter in non-cash items
– $7M stock compensation, $6M depr., $4M amort
124
History of Spending Discipline
• R&D incremental spending mostly from acquisitions
• SG&A spending managed down
• Overhead continues decline driven by fab consolidations
60
80
100
120
140
160
2006 2007 2008 Q1-09Rate
Ann
ual R
ate
($M
)
Mfg OH R&D SG&A
Percent of Revenue
125
Long Term Cost Savings
• Internal fab consolidation– $6M annual savings
• Copper wire bonding– ~30 bps margin and growing over time
• 0.25µm process– Provides considerable cost savings as new
products are released• Multiple on-going cost reduction programs
underway
126
Near Term Spending Discipline
• 9% force reduction announced in Nov-08– $3 million per quarter savings
• No bonus payouts for 2H-08 or 1H-09– $3 million per quarter savings
• Mandatory vacations in Q4-08 and Q1-09– $6 million per quarter savings
• No annual salary increases– $1 million per quarter savings
• Significant controls on discretionary spending– $1 million per quarter
• These actions = 15% reduction in co-wide spending• Further actions still possible
127
Shareholder Returns
$0
$100
$200
$300
$400
$500
$600
2002 2003 2004 2005 2006 2007 2008
Share repurchases Dividends
128
Key Takeaways
1 Expanding product portfolio will drive revenue growth faster than peers
2 Earnings will accelerate as growth returns, margins will stabilize and we will leverage operating expenses
3 Carefully managing all expenses during downturn, Opex nearly flat for the last three years
4 Positive free cash flow, even in the depths of the downturn, will support dividend
Conclusion & Final Q&A
Dave Bell President & CEO
130
In Closing …
1 Revitalized management team, organized for >$1B
2 Uniquely positioned for future growth
3 Diversifying portfolio -- expanding SAM
4 Maintaining PC market share in strategic areas
5 Organic growth + strategic acquisitions
6 Asset-Lite model + operational excellence
7 Great business model with careful expense controls
8 Management focused on long-term success
Building the Bridge To Future Growth
Intersil 2009 Analyst Day
132
Biographies
133
Dave Bell
Mr. Bell is the President, Chief Executive Officer and a Director of the company. Prior to this role, Mr. Bell had served as Intersil's President and Chief Operating Officer. Mr. Bell joined Intersil in April of 2007 after spending 12 years with Linear Technology Corporation (“LTC”), most recently, from June 2003 to January 2007, as its President. Prior to becoming President of LTC, from January 2002 to June 2003, Mr. Bell served as LTC’s Vice President and General Manager of Power Products and, from February 1999 to January 2002, as LTC’s General Manager of Power Products. From June 1994 to January 1999, he held the position of LTC’s Manager of Strategic Product Development.
Mr. Bell has a B.S. degree in Electrical Engineering from the Massachusetts Institute of Technology.
David B. Bell
President, Chief Executive Officer, and Director
134
Jonathan Kennedy
Jonathan Kennedy is Interim Chief Financial Officer of Intersil Corporation. Mr. Kennedy was appointed Interim Chief Financial Officer of Intersil Corporation in 2008. Prior to this appointment, Mr. Kennedy was Intersil's Corporate Controller for 3 years. Mr. Kennedy joined Intersil in 2004 as Director of Finance and became Intersil's Corporate Controller in 2005. Before joining Intersil, he held management roles in Finance and IT with Alcon, Inc. and Harris Corporation.
Mr. Kennedy holds a Bachelor of Science degree in Business Administration and a Master of Science degree in Accounting from the University of Central Florida. He is also a Certified Public Accountant
Jonathan Kennedy
Interim Chief Financial Officer
135
Worldwide Sales & Corporate Marketing
As Senior Vice President of Worldwide Sales and Corporate Marketing, David Loftus oversees worldwide OEM and Distributor sales, Global Customer Care Network, and Marketing Communications for Intersil Corporation.
Mr. Loftus was previously at Xilinx, Inc. for 17 years, most recently holding the position of Vice President and General Manager of the General Products Division at Xilinx. Prior to that, his positions at Xilinx included General Manager of the CPLD Division, and Vice President/Managing Director of Xilinx Asia Pacific. In his Asia Pacific executive position, Mr. Loftus was based in Hong Kong where his primary role was to build an organization and market strategy capable of supporting customers in the region including the key markets of Korea, Taiwan, ASEAN, India, Australia and China. His responsibilities included direct sales, field applications, distribution, regional marketing and customer service. He was in this role for over three years before moving into a product division general manager role for Xilinx in San Jose, California. Mr. Loftus also held the position of Regional Sales Manager - Southeast United States, as well as other positions with growing responsibility while at Xilinx. Prior to joining Xilinx, Mr. Loftus was a Research Engineer and Program Manager at Georgia Tech Research Institute for seven years.
Mr. Loftus holds a bachelor’s degree in Electrical Engineering and a master’s degree in Management from Georgia Institute of Technology, Atlanta, Georgia.
David Loftus
Senior Vice President, Worldwide Sales & Corporate Marketing
136
Worldwide Operations & Technology
Sagar Pushpala is Intersil's Senior Vice President of Worldwide Operations and Technology. Mr. Pushpala joined Intersil in December 2004 as the Vice president of Wafer Fab and Foundry Operations. Prior to joining Intersil, he served as the Director of Wafer Fab Operations at Maxim Integrated Products where he held responsible positions in their six-inch and eight-inch wafer fabrication lines. Prior to Maxim, Mr. Pushpala served as the Director of Process Technology Development at National Semiconductor where he was responsible for module development in their eight-inch R&D wafer fab. He was instrumental in the qualification of the first eight-inch fabs at both National Semiconductor and Maxim Integrated Products. Over his 20+ year career, Mr. Pushpala has held various senior engineering management positions at National Semiconductor, Saratoga Semiconductor and Advanced Micro Devices.
He is on the Executive Board of the Fab Owners Association (FOA) and Telefunken Semiconductor.
Mr. Pushpala holds a Master of Science degree in Chemical Engineering from the University of Kansas in Lawrence, Kansas and a Bachelor of Technology degree in Chemical Engineering from the Indian Institute of Technology in Madras, India.
Sagar Pushpala
Senior Vice President, Worldwide Operations &
Technology
137
Power Management Products
As Senior Vice President of the Power Management Products Group, Peter Oaklander oversees Intersil's Consumer, Computing, Industrial, Communications, Automotive, and Specialty businesses.
Mr. Oaklander was previously senior vice president of Worldwide Sales and oversaw worldwide OEM and Distributor sales for Intersil Corporation. Prior to joining Intersil, Mr. Oaklander was at Analog Devices for 20 years, most recently holding the position of vice president and general manager of Power Management products in the Analog Semiconductor division. Prior to that, his positions at Analog Devices included vice president and general manager of Analog Devices’ Silicon Valley Operations, managing director of the Asia Pacific region, director of Consumer Sales and Analog Semiconductor Components division Field Marketing in Japan, as well as other positions with growing responsibility.
Mr. Oaklander holds a BSEE degree from the Rochester Institute of Technology in Rochester, New York and an MBA degree from the Northwestern Kellogg Graduate School of Management and Hong Kong University of Science & Technology in Hong Kong.
Peter Oaklander
Senior Vice President
138
Power Management Products
Michael Althar is vice president and general manager of Intersil's Specialty Products group. Previously, Mr. Althar served four years as vice president of Marketing and Applications for Intersil’s Core and High Reliability products including military, radiation hardened, custom and commlink products serving the high reliability, space, medical and communications markets. Responsibilities in this role included establishment of Intersil's Bangalore, India design center and leading corporate Reliability and Package Engineering organizations. Prior to that, he served three years as vice president and plant manager of Intersil’s Ohio-based wafer fab operations. Mr. Althar came to Intersil from Harris Corporation where he spent 16 years in a variety of engineering and management roles, including two years as director of product/test/ assembly engineering at Harris' Malaysian assembly and test facility.
Mr. Althar holds a BSEE from Case Western Reserve University and a MSEM from Southern Methodist University.
Michael Althar
Vice President and General Manager – Specialty Products
139
Power Management Products
Davin Lee is vice president and general manager of Intersil’s Consumer Power products group, which markets high-performance power solutions for the consumer electronics market. Prior to his current role, Mr. Lee was VPGM of the Industrial and Communications Products group and served two years as vice president of Intersil’s General Purpose Power products group. He joined Intersil after the acquisition of Xicor, Inc., where he served as vice president of Marketing for three years. Mr. Lee came to Xicor from Altera Corporation, where he was a strategic business manager for two years. Prior to Altera, he spent seven years at National Semiconductor working in various sales and engineering roles.
Mr. Lee holds a BSEE degree from the University of Texas at Austin and an MBA degree from the Kellogg School of Management at Northwestern University.
Davin Lee
Vice President and General Manager – ConsumerPower Products
140
Power Management Products
Paul Sferrazza is vice president and general manager of Intersil’s Computing Power products group. Prior to his current role, Mr. Sferrazza served one year as vice president and four years as director of Intersil’s Power Management IC Design group. Prior to that, he spent two years as senior manager of IC Design and Application for Desktop/Server power products. Mr. Sferrazza came to Intersil from Harris Corporation, where he worked for three years as senior manager of Microcontroller Design and Applications and three years as a senior principal member of Microcontroller Design Engineering. Prior to Harris, Mr. Sferrazza held various positions in microcontroller design, applications, and product Marketing management for GE/RCA Solid State.
Mr. Sferrazza holds a BSES degree in Electrical and Computer Engineering from Yale University. He holds 10 U.S. patents.
Paul Sferrazza
Vice President and General Manager – Computing
Power Products
141
Analog & Mixed Signal
Susan Hardman is senior vice president of Intersil’s Analog Mixed Signal products group. Prior to her current role, Ms. Hardman has served as vice president and general manager of Intersil’s Automotive and Specialty products group and vice president of Intersil’s Corporate Marketing. Ms. Hardman has over 20 years of experience in the semiconductor industry. She joined Intersil from Exar Corporation, where she was vice president and general manager of the company’s Interface products division. Prior to that, she served as vice president of Corporate Marketing and director of Product Marketing for Exar.
Before Exar, Ms. Hardman worked for VLSI Technology for eight years and held a variety of management positions, most recently as director of Product Marketing for the company’s Networking products group. Ms. Hardman began her career with Motorola, where she worked for six years in a variety of engineering roles.
Ms. Hardman holds a BS degree in Chemical Engineering from Purdue University and an MBA degree from the University of Phoenix. She was also named an Outstanding Chemical Engineer by Purdue University in 2004.
Susan Hardman
Senior Vice President
142
Analog & Mixed Signal
Roger Levinson is Vice President and General Manager of the Precision Products Area within the Analog and Mixed Signal Product Group. His organization is focused on precision amplifiers, precision data converters, switch and interface products. Prior to his current role, Mr. Levinson held the position of Vice President of Design Engineering for the Analog and Mixed Signal Product Group. Prior to his tenure at Intersil, Mr. Levinson held Director of Engineering positions at Xicor Corp and Exar Corp. Mr. Levinson was a founder of Analog Integration Partners LLC (acquired by Xicor) - which provided advanced analog front end solutions for system-on-a-chip manufacturers in the areas of video, wireline and wireless communications including wireless LAN, Bluetooth and Gigabit Ethernet. Mr. Levinson has extensive experience in signal path and high performance analog electronics that span a broad number of market areas.
Mr. Levinson holds a BSEE and MSEE in Electrical Engineering from University of California at Davis and has been granted over 15 U.S. patents.
Roger Levinson
Vice President and General Manager – Precision Products
143
Analog & Mixed Signal
Huibert Verhoeven is Vice President and General Manager of Intersil’s High Speed Products group, which develops and markets high performance analog and mixed signal solutions for a broad set of consumer and communication applications. He joined Intersil from National Semiconductor Corporation, where he was the Design Director for the Precision and Low-Voltage/Low-Power amplifier group. Mr. Verhoeven was a driving force behind the development of National Semiconductor’s Precision Product strategy. He managed two US-based and two International development centers and was the Managing Director of National Semiconductor’s subsidiary in the Netherlands.
Mr. Verhoeven holds an MSEE and Ph.D. degree from Delft University of Technology in The Netherlands. He holds US and international patents and is the author of over 10 peer-reviewed and trade publication articles.
Huibert Verhoeven
Vice President and General Manager – High Speed Products Group
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