Intersil Will Sell 10 Million Stock Shares

Intersil Holding Corp., a telecommunications chip maker, filed with federal regulators a statement to sell 10 million shares of stock at an undisclosed price. The company, which recently moved to Irvine from Florida, said that it would sell 3 million new shares and that existing shareholders would sell 7 million. The company said it plans to use the net proceeds for acquisitions and general corporate purposes.