Analog Devices Completes Acquisition of Maxim Integrated
August 27, 2021 | Business WireEstimated reading time: 1 minute
Analog Devices, Inc. announced the completion of its previously announced acquisition of Maxim Integrated Products, Inc. The combination further strengthens ADI’s position as a high-performance analog semiconductor company with trailing 12-month revenue of over $9 billion, industry-leading margins, and free cash flow of over $3 billion on a pro forma basis.
“Today is a tremendous milestone for ADI and I’m delighted to welcome the Maxim team, who share our passion for solving our customers’ most complex technology problems,” said Vincent Roche, President, and CEO. “With more than 10,000 engineers and the increased breadth and depth of our best-in-class technologies, we are well-positioned to develop even more complete, cutting-edge solutions for our customers. Together, we will drive the next waves of analog semiconductor innovation, while engineering a healthier, safer and more sustainable future for all.”
Under the terms of the definitive agreement, Maxim stockholders received 0.63 of a share of ADI common stock for each share of Maxim common stock. Maxim common stock will no longer be listed for trading on the NASDAQ stock market.
Combined Board of Directors
In connection with the closing of the transaction, Tunç Doluca, former President and Chief Executive Officer of Maxim, and Mercedes Johnson, former Founding Executive of Avago Technologies, will join the ADI Board of Directors. Mr. Doluca and Ms. Johnson served on Maxim’s Board of Directors until the closing of the transaction.
Suggested Items
Spirit Electronics Supports Disrupted ASIC Programs Amidst Foundry Consolidations
03/06/2024 | Spirit ElectronicsSpirit Electronics, a distributor and outsourced semiconductor assembly and test (OSAT) provider, offers support for Application-Specific Integrated Circuits (ASICs) with full screen and qualification for military and space applications.
NTERCHIP Achieves 3x Faster Verification for VCXO with Siemens’ Advanced Analog and Mixed-signal EDA Technology
01/30/2024 | SiemensSiemens Digital Industries Software announced that INTERCHIP CORPORATION, a leading fabless semiconductor company specializing in high precision, low power oscillator products, used Siemens‘ Analog FastSPICE platform and Symphony™ platform to verify its newest IPV Voltage-Controlled Crystal Oscillator (VCXO) integrated circuit (IC) and IPS Simple Packaged Crystal Oscillator (SPXO).
Siemens Collaborates with sureCore and Semiwise to Pioneer Quantum Computing Ready Cryogenic Semiconductor Designs
12/21/2023 | VortexSiemens Digital Industries Software announced its collaboration with sureCore and Semiwise to develop groundbreaking cryogenic CMOS circuits capable of operating at temperatures near absolute zero – a fundamental component of quantum computing systems.
ROHM Group Officially Opened a New Production Building in Malaysia
10/17/2023 | ROHMROHM-Wako Electronics (Malaysia) Sdn. Bhd. (RWEM) in Malaysia held an opening ceremony for its newly building constructed to strengthen its analog IC production capacity and manufacturing subsidiary.
Siemens, TSMC Collaborate to Help Mutual Customers Optimize Designs Using Foundry's Newest Advancements
09/29/2023 | SiemensSiemens Digital Industries Software announced new certifications and collaborations with longtime partner TSMC, resulting in the successful qualification of multiple industry-leading Siemens EDA product lines for the foundry’s latest process technologies.