Harris announced on July 16, 1999, that its semiconductor operation would take the Intersil name as ownership transferred to Sterling Holding LLC, an investment company owned by Citicorp Venture Capital. Harris later reported that the sale closed on August 13, 1999. Although the contemporary headline called it a “spin-off,” Harris’s filing describes a sale—not a distribution of Intersil shares to Harris shareholders.
What Harris announced—and when the deal closed
In a July 16, 1999 report, EE Times said Harris Semiconductor would be called Intersil Corporation once ownership was sold to Sterling Holding LLC. Sterling was described as an investment company owned by Citicorp Venture Capital. The agreement had been announced in early June, and the contemporary report expected a closing by early August; that was a forecast, not the final closing date.
Harris’s fiscal 2000 Form 10-K later recorded that the sale of substantially all of its semiconductor business to Intersil Corporation, a subsidiary of Sterling Holding Company, LLC, was completed on August 13, 1999. Intersil’s 2014 Form 10-K likewise says the company was formed in August 1999 when it acquired Harris’s semiconductor business and began operating as Intersil Corporation.
Why the headline says “spin-off”—and why the distinction matters
In ordinary coverage, “spin-off” can broadly describe a business separating from its parent. But the transaction structure matters to shareholders: Harris’s filing characterizes the semiconductor transaction as a sale. It does not say Harris distributed Intersil shares to Harris shareholders. The same filing separately describes a November 1999 Lanier transaction as a spin-off to Harris shareholders, underscoring that the two events had different structures.
#1 Best Overall
- Minidodoca high quality 24 Values 173 Pcs IC Assortment Kit
- IC chip Assortment contains: Op Amp: LM358 LM324 JRC4558 NE5532 LM386 TDA2030 TDA2822 UA741 ;Comparators: LM393 LM339;PhotoCoupler: PC817 ;Multivibrator: CD4047;Analog Multiplexer: CD4053;Echo Audio Processor: PT2399; PWM controller: UC3842 UC3843; Darlington Array ULN2003 ULN2803;Voltage Converter 7660; Timer: NE555
- Including 3 pcs DIP8 socket, 3 pcs DIP14 socket, 3 pcs DIP16 socket, 3 pcs DIP18 socket
- Including 1pc IC Plier included for easy picking and removing IC chips
- Minidodoca ic kit Complete specifications, clear markings, easily identifiable models, sufficient quantity, durable materials, nickel plated surface, not easy to rust, ensuring a long service life.
What the sources say about the sale consideration
The contemporaneous EE Times report and Harris’s later SEC filing describe the transaction in different ways. The available accounts do not explain the gap, so the figures should not be combined or treated as interchangeable.
| Source and timing | Reported terms | Status described |
|---|---|---|
| EE Times, July 16, 1999 | Reported an agreed sale of a 90% stake for $700 million. | Before closing; the report expected completion by early August. |
| Harris Corporation, fiscal 2000 Form 10-K | Reported $520 million in cash, $90 million in subordinated notes, and a 10% equity interest in Intersil Holding Corporation received by Harris. Intersil also assumed most liabilities associated with the semiconductor business. | Retrospective account of consideration upon consummation; the filing dates completion to August 13, 1999. |
Harris’s filing also says Harris retained receivables and patent rights. It notes that Harris separately sold its suppression semiconductor business to Littelfuse during fiscal 2000.
Rank #2
- 🔴 161 pcs 20 models, Each with individual compartment. Pin assignment table included.
- 🔴 IC Plier included for easy picking and removing IC
- 🔴 Op Amp: LM358 LM324 JRC4558 NE5532 LM386 TDA2030 TDA2822 UA741 Comparators: LM393 LM339
- 🔴 PhotoCoupler: PC817 Multivibrator: CD4047 Analog Multiplexer: CD4053 Echo Audio Processor: PT2399
- 🔴 PWM controller: UC3842 UC3843 Darlington Array ULN2003 ULN2803, Voltage Converter 7660 Timer: NE555
Why Harris brought back the Intersil name
The Intersil name had a history predating the 1999 transaction. EE Times reported that Intersil had been a power and interface chip company before General Electric acquired it in 1986. That year, GE Microelectronics also acquired RCA’s semiconductor business. Harris acquired GE Microelectronics in 1998 and thereby gained rights to the Intersil name, which had been inactive within Harris Semiconductor.
Gregory Williams, then president of Harris Semiconductor, explained the planned positioning in the 1999 report. He said: “As a standalone company, Intersil will have the speed and agility to grow market share in highly competitive markets.” He described the company’s focus at the time as “very competitive high-growth segments of the communications, power, and space/defense markets.” Williams also said the name was intended to “signal our intention of pursuing Internet-related opportunities, while also conveying several other messages about our new company.” These were management’s stated aims, not evidence that the strategy later succeeded.
Quick wins for a faster PC:
Scan for outdated or missing drivers - takes under a minuteDriver Scan →Clear out junk files and repair common Windows errorsFree Scan →Rank #3
- PRECISION CHIP REMOVAL TOOL: Specifically designed for removing power supply units, scraping CPU adhesive, dismantling chips, cutting glue bonding strips with surgical precision. Ideal for BGA chip repair and motherboard maintenance tasks
- ULTRA-THIN KNIFE DESIGN: Features 0.38mm/0.015in ultra-thin blades smaller than solder points, this professional knife repair kit enables seamless movement between chips and baseplates. Dual functionality enhances BGA chip restoration efficiency
- CIRCUIT BOARD REPAIR APPLICATIONS: Essential circuit board repair kit for chip restoration, motherboard servicing, and electronics disassembly. Compatible with various PCB components and integrated circuit maintenance procedures
- SECURE NON-SLIP HANDLING: Ergonomic proof-drop handle with burr-easy blades ensures safe operation. Simplified cleaning process with alcohol wipes maintains tool between repairs
- SK5 STEEL CONSTRUCTION: Professional-grade blades made from special quenching processed SK5 steel offer 550°F/287°C heat tolerance with enhanced oxidation proof, maintaining sharpness through extended repair sessions
What Intersil became
Intersil’s 2014 Form 10-K describes its business as power-management and precision-analog integrated circuits. That later description helps identify the company’s subsequent focus, but it should not be read as a complete inventory of products the business sold at the time of the 1999 separation.
Quick Recap
Best Value
- Product Features: have the advantages of small size, light weight, long life, high reliability, good performance, and the power consumption is low, so you don't have to worry even if you work for a long time.
- IC chip contains: SN74LS00N, SN74LS02N, SN74LS04N, SN74LS08N, SN74LS32N, SN74LS47N, SN74LS86N, SN74LS90N, SN74LS138N, SN74LS245N SN74HC00N, SN74HC02N, SN74HC04N, SN74HC08N, SN74HC14N, SN74HC32N, SN74HC138N, SN74HC164N, SN74HC165N, SN74HC595N.
- There are 2 models for each model, a total of 40, The packaging is sorted accordingly in plastic storage boxes Including 5 pcs DIP14 socket, 5 pcs DIP16 socket.
- Function: NAND, NOR, Inverter, OR, Decoders/Demultiplexer.
- Wide Applications: suitable for automotive electronics, medical equipment, security monitoring, household Electrical appliances, student experiments and communication equipment.
Rank #4
- ♛ [What You Get]: This set includes 74LSxxx and 74HCxxx Series Low-Power Logic IC Chip, 74LS-00/25, 74LS-02/25, 74LS-04/25, 74LS-08/25, 74LS-32/25, 74LS-47/25, 74LS-86/25, 74LS-90/25, 74LS-138/25, 74LS-245/18, each for 2pcs. And 74HC-00/25, 74HC-02/25, 74HC-04/25, 74HC-08/25, 74HC-14/25, 74HC-32/25, 74HC-138/25, 74HC-164/25, 74HC-165/25, 74HC-595/25, each for 20pcs. They are placed in a transparent plastic box, easy to transport and storage.
- ♛ [Small Component]: Our IC chips are small electronic components, small in size, they only take up very little space in the application. And the power consumption is low, can work normally with little consumption.
- ♛ [High Temperature Resistance]: The IC chips have good high temperature performance and can work normally between -40 to 85 Celsius (-40 to 185 degree). So you don't have to worry about the high temperature after connecting them to the peripheral circuit, or burning out the it after long time use.
- ♛ [Long Life Service]: ICs are made of high-quality materials, they are very durable, can serve you for a long time. And the safety and reliability are high, so you don't have to worry even if you work for a long time.
- ♛ [Widely Application]: 74LSxxx and 74HCxxx Series ICs can be used as Bistability, register, shift register, oscillator, oscillator, divider counter, etc.
Sources
- EE Times, “Harris revives Intersil name for chip sector spin-off,” July 16, 1999.
- Harris Corporation, fiscal 2000 Annual Report on Form 10-K.
- Intersil Corporation, 2014 Annual Report on Form 10-K, filed 2015.
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
