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Milpitas, Calif., March 14, 2004 – Intersil Corporation (NASDAQ: ISIL) and Xicor, Inc. (NASDAQ: XICO) today announced the signing of a definitive agreement for Intersil to acquire Xicor. With this acquisition, Intersil, a world leader in the design and manufacture of high performance analog solutions, significantly expands its portfolio of high growth, standard analog products. Under the terms of the agreement, each Xicor shareholder will receive the value of $8.00 per share in cash and 0.335 a share of Intersil common stock (equivalent to $15.58 per share of Xicor stock, based on the closing price of Intersil stock on March 12, 2004). Each Xicor shareholder may elect to receive all cash, stock, or a combination of cash and stock, subject to proration based on the total cash and shares available in the merger. This reflects an aggregate purchase price of approximately $529 million.

About Intersil

Intersil Corporation, a NASDAQ-100 Index company, is a leader in the design and manufacture of high performance analog semiconductors. The company’s products address three of the industry’s fastest growing markets: flat panel displays, optical storage (CD and DVD recordable) and power management. Intersil products include power management devices for battery management, hot-swap and hot-plug controllers, linear regulators, supervisory ICs, switching DC-DC regulators and power MOSFET drivers; optical storage laser diode drivers; DSL line drivers; video and high performance operational amplifiers; data converters; interface ICs; analog switches and multiplexers; crosspoint switches; voice-over-IP devices; and ICs for military, space and rad-hard applications. For more information about Intersil or to find out how to become a member of our winning team, visit the company’s web site and career page at http://www.intersil.com/.

Intersil is an American semiconductor company headquartered in Milpitas, California. As of February 24, 2017, Intersil is a subsidiary of Renesas. The previous Intersil was formed in August 1999 through the acquisition of the semiconductor business of Harris Corporation.

About Xicor

Xicor designs, develops and markets high performance analog mixed-signal integrated circuits used in communications, computing, networking and industrial applications. Xicor's Mixed-Signal Products include data conversion products, power management integrated circuits, and application specific standard products and interface devices. Xicor's programmable analog mixed-signal components regulate, control, convert and manage various voltages and currents using a serial interface and internal EEPROM.

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