SiliconBeat

Intersil, the Milpitas chip maker, said Chief Financial Officer David Zinsner has resigned  “to pursue another opportunity.” His replacement, effective immediately, is the company’s current corporate controller, Jonathan Kennedy,  who joined Intersil in 2004 as director of finance, according to a regulatory filing this afternoon.

Zinser, who joined Intersil in 1999 as its corporate treasurer and became CFO in July 2005, will remain an employee of the company through a transition period. No word yet on what or where his new opportunity is.

Intersil’s former chief executive, Richard Beyer, also quit earlier this year citing the chance to “pursue another opportunity.” He was named CEO of Freescale Semiconductor, an Austin-based chip maker focused on analog devices. In October, Beyer told Bloomberg News that he thought chances for a chip recovery in the second half of next year “optimistic”.

Add Intersil to a growing list of Silicon Valley companies reacting to the “current economic conditions” by laying off employees. The Milpitas chip maker announced a nine percent reduction in its “global workforce” — that translates into 140 people — as part of the steps its taking “to improve its competitive position”.

The company will offer Read the rest of this entry »