Item 2.05 Costs Associated with Exit or Disposal Activities

On November 5, 2008, Intersil Corporation issued a press release announcing a restructuring plan to reduce its global workforce by approximately 9% and reduce overall operating costs by $12 to $14 million. Under the plan, we expect to incur employee severance costs of approximately $4 million and asset impairment and other related costs of $16-19 million. The plan will be substantially complete by the end of 2008. Severance pay and career transition services will be offered to all affected employees. A copy of the press release is furnished as Exhibit 99.1 to this report pursuant to Item 2.05 and Regulation FD.

Item 9.01. Financial Statements and Exhibits.

(c) Exhibits

99.1 Press Release dated November 5, 2008 announcing Intersil Corporation's restructuring plan.

---