Boston, MA 05\/14\/2014 (wallstreetpr) \u2013 \u00a0Intersil Corp (NASDAQ:ISIL)<\/b> is a provider of power-management chips and other electronic solutions. The company plays in the Electronic-Semiconductor Manufacturing sector where it plays alongside Micron Technology, Inc. (NASDAQ:MU)<\/b>, SanDisk Corporation (NASDAQ:SNDK)<\/b> and Skyworks Solutions Inc (NASDAQ:SWKS) <\/b>among other chip makers.<\/p>\n
The decline in demand and sale of personal computers continue to pile pressure on PC chip sales and companies that have long relied on the segment are forced to look into other opportunities. Intersil is one of the chip makers that have had to shift gears to survive the market changes especially the tepid sales in PC sector.<\/p>\n
The company’s eyes are now set on the mobile and auto markets. As mobile devices gain in popularity and chip-usage increasing in cars, the need for power management has gone up, and Intersil expects to gain from the strong demand in the two segments.\u00a0<\/b><\/p>\n
New markets<\/b><\/p>\n
In the mobile market, Intersil Corp (NASDAQ:ISIL) is targeting smartphones and tablets that are gaining popularity around the world yet power management remains a concern for users and manufacturers. The company intends to focus on a broad range of mobile devices to capture a bigger market.<\/p>\n
As for the automotive sector, the increasing application of chips in cars has led to complex power requirement and the effective management of the same. As such, Intersil Corp (NASDAQ:ISIL) expects to court manufacturers in the market to put its chips in cars as part of its growth driver strategy.<\/p>\n
Although Intersil has made it clear that it is turning focus away from a PC-based power-management chipmaker to an auto and mobile chip provider, the company is not yet done with the PC market. Although the market is on the decline, the company still expects to maintain its presence in the market to support revenue.<\/p>\n
Strategy paying off<\/b><\/p>\n
Intersil Corp (NASDAQ:ISIL) realized 1Q2014 profit of 17 cents per share, an increase of 183 percent over a year ago period. The quarter saw sales up 6 percent to $140.1 million. The CEO Necip Sayiner observed that the soft gain in sales was due to the low demand in the PC segment. However, the CEO termed the performance from the PC segment as \u201chealthier,\u201d meaning that the company could still make some gains from the segment however small.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 05\/14\/2014 (wallstreetpr) \u2013 \u00a0Intersil Corp (NASDAQ:ISIL) is a provider of power-management chips and other electronic solutions. The company plays in the Electronic-Semiconductor Manufacturing […]<\/p>\n","protected":false},"author":6,"featured_media":22165,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[6579,2674,6580,2675,759,884,3515,3016],"stock_ticker":[],"class_list":["post-22162","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-intersil-corp-nasdaqisil","tag-micron-technology-inc-nasdaqmu","tag-nasdaqisil","tag-nasdaqmu","tag-nasdaqsndk","tag-nasdaqswks","tag-sandisk-corporation-nasdaqsndk","tag-skyworks-solutions-inc-nasdaqswks","entry"],"acf":[],"yoast_head":"\n