Maxim Integrated

{{Infobox company

| name = Maxim Integrated Products, Inc.

| logo = Maxim Integrated logo.svg

| trade_name = Maxim Integrated

| type = Subsidiary

| traded_as = {{ubl|{{NASDAQ was|MXIM}}}}

| industry = Semiconductors

| foundation = {{start date and age|1983}}

| defunct = {{end date and age|2021|08}}

| location = San Jose, California, U.S.

| products = Integrated Circuits

| revenue = {{increase}} US$2.632 billion (2021)

| operating_income = {{increase}} US$945 million (2021)

| net_income = {{increase}} US$827 million (2021)

| assets = {{increase}} US$4.523 billion (2021)

| equity = {{increase}} US$2.415 billion (2021)

| num_employees = 7,100 (2020)

| fate = Acquired by Analog Devices

| website = {{URL|maximintegrated.com}}

| footnotes = {{cite web |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/743316/000074331621000025/mxim-20210626.htm |title=US SEC: 2020 Form 10-K Maxim Integrated Products, Inc. |publisher=U.S. Securities and Exchange Commission}}

}}

File:Maxim-logo-240-wt.png

Maxim Integrated Products, Inc., was an American semiconductor company that designed, manufactured, and sold analog and mixed-signal integrated circuits for the automotive, industrial, communications, consumer, and computing markets. Maxim's product portfolio included power and battery management ICs, sensors, analog ICs, interface ICs, communications solutions, digital ICs, embedded security, and microcontrollers. The company is headquartered in San Jose, California, and has design centers, manufacturing facilities, and sales offices worldwide. In 2021, the company was acquired by Analog Devices.

History

Maxim was founded in April 1983. The founding team included Jack Gifford, a semiconductor industry pioneer since the 1960s and co-founder of Advanced Micro Devices; Fred Beck, an IC sales and distribution pioneer; Dave Bingham, General Electric’s Scientist of the Year in 1982; Steve Combs, a pioneer in wafer technologies and manufacturing; Lee Evans, also a pioneer in CMOS analog microchip design and General Electric’s Scientist of the Year in 1982; Dave Fullagar, inventor of the first internally compensated operational amplifier circuit; Roger Fuller, a pioneer in CMOS microchip design; Rich Hood, development director for some of the first microprocessor-controlled semiconductor test systems; and Dick Wilenken, who is acknowledged as the father of key analog switch and multiplexer technologies.

Based on a two-page business plan, they obtained US$9 million in venture capital financing to establish the company.{{Cite news | first=Danny | last=Wool | url=https://www.sanjose.com/2011/01/27/maxim_moving_headquarters_san_jose/ | title=Maxim Moving to San Jose | date=January 27, 2011}}

In its first year, the company developed 24 second source products.

In 1985, the company introduced the MAX600.

Maxim recorded its first profitable fiscal year in 1987, with the help of the MAX232.

In 1988, the company became a public company via an initial public offering.{{Cite news | url=https://techcrunch.com/2020/07/13/analog-devices-to-acquire-rival-chipmaker-maxim-integrated-for-21-billion/ | title=Analog Devices to acquire rival chipmaker Maxim Integrated | first=Ron | last=Miller | work=TechCrunch | date=July 13, 2020}}

In 1989, the company purchased its first wafer fabrication facility, in Sunnyvale, California, from bankrupt Saratoga Semiconductor for only $5-million.{{Cite news | url=https://www.planetanalog.com/analog-chronicles-goodbye-maxim-integrated-products/ | title=Analog chronicles: Goodbye Maxim Integrated Products | first=Majeed | last=Ahmad | work=Planet Analog | date=August 30, 2021}}

In 1994, the company acquired the integrated circuits division of Tektronix, based in Beaverton, Oregon, giving it high-speed bipolar processes for wireless RF and fiber-optic products.{{Cite news | url=https://techmonitor.ai/techonology/tektronix_to_sell_integrated_circuits_arm_to_maxim | title=TEKTRONIX TO SELL INTEGRATED CIRCUITS ARM TO MAXIM | work=Tech Monitor | date=January 4, 1994}}

In 1997, the company acquired a wafer fab in San Jose, California from IC Works for $42 million.{{Cite news | url=https://www.semiconductoronline.com/doc/maxim-buys-a-wafer-fab-announces-stock-split-0001 | title=Maxim Buys a Wafer Fab, Announces Stock Split | work=Semiconductor Online | date=December 5, 1997}}

In April 2001, the company acquired Dallas Semiconductor in Dallas, Texas in a stock transaction, to gain expertise in digital and mixed-signal CMOS design, as well as an additional wafer fab.{{Cite news | url=https://www.eetimes.com/maxim-completes-acquisition-of-dallas-semiconductor/ | title=Maxim completes acquisition of Dallas Semiconductor | work=EE Times | date=April 11, 2001}}

In October 2003, the company acquired a submicrometre CMOS fab from Philips in San Antonio, Texas for $40 million to ramp up capacity and support processes down to the 0.25-micrometre level.{{Cite news | url=https://www.eetimes.com/maxim-buys-philips-fab-in-texas-for-40-million-2/ | title=Maxim buys Philips' fab in Texas for $40 million | work=EE Times | date=October 24, 2003}}{{Cite news | url=https://www.nytimes.com/2003/10/25/business/company-news-maxim-integrated-buys-philips-plant-in-san-antonio.html | title=COMPANY NEWS; MAXIM INTEGRATED BUYS PHILIPS PLANT IN SAN ANTONIO | agency=Bloomberg News | work=The New York Times | date=October 25, 2003}}

In May 2007, the company acquired an 0.18-micrometre fab from Atmel in Irving, Texas, for $38 million, approximately doubling fab capacity.{{cite news | url=https://www.reuters.com/article/idUSIN20070502170456MXIM20070502 | title=Maxim Integrated announces acquisition of Wafer Fab facility in Irving, Texas | work=Reuters | date=May 2, 2007}} In August 2007, it acquired Vitesse Semiconductor’s Storage Products Division in Colorado Springs, Colorado, adding Serial ATA (SATA), Serial Attached SCSI (SAS), and enclosure-management products to Maxim’s product portfolio.{{Cite news | url=https://www.eetimes.com/vitesse-sells-storage-products-to-maxim/ | title=Vitesse sells storage products to Maxim | first=Mark | last=LaPedus | work=EE Times | date=August 23, 2007}}

From October 2007 to October 2008, Maxim's common stock was delisted from the Nasdaq Stock Exchange due to the company's inability to file financial statements related to stock option backdating. Maxim's stock was traded over-the-counter and quoted via Pink Sheets LLC until the company completed its restatement in 2008.{{Cite news | url=https://www.eetimes.com/maxims-stock-delisted-from-nasdaq/ | title=Maxim's stock delisted from Nasdaq | first=Mark | last=LaPedus | work=EE Times | date=October 2, 2007}}{{Cite news | url=https://www.barrons.com/articles/BL-TB-4702 | title=Maxim Delisted; Now Traded On The Pink Sheets | first=Eric | last=Savitz | work=Barron's | date=October 2, 2007 | url-access=subscription}} Maxim's CFO Carl Jasper resigned due to an investigation into the issue by Maxim's board of directors.{{Cite news | url=https://www.cfo.com/accounting-tax/2007/02/maxim-cfo-resigns-amid-options-probe/ | title=Maxim CFO Resigns amid Options Probe | work=CFO | first=Stephen | last=Taub | date=February 1, 2007}} Maxim restated its earnings in September 2008 and was relisted on the Nasdaq Stock Exchange on October 8, 2008.{{cite press release | url=https://www.globenewswire.com/news-release/2008/10/07/385933/151760/en/Maxim-Integrated-Products-Inc-MXIM-to-Conduct-NASDAQ-Stock-Market-Closing-Bell-Remotely-from-Maxim-s-Headquarters-in-Sunnyvale-California.html | title=Maxim Integrated Products, Inc. (MXIM) to Conduct NASDAQ Stock Market Closing Bell Remotely from Maxim's Headquarters in Sunnyvale, California | publisher=Globe Newswire | date=October 7, 2008}}

In 2008, the company acquired Mobilygen based in Santa Clara, California, to add H.264 video-compression technology to its portfolio.{{cite news | url=https://venturebeat.com/2008/10/15/maxim-integrated-acquires-mobilygen-for-video-compression/ | title=Maxim Integrated acquires Mobilygen for video compression | first=Camille | last=Ricketts | work=VentureBeat | date=October 15, 2008}}

In 2009, the company acquired Innova Card, headquartered in La Ciotat, France, to enrich its position in the financial transaction terminal semiconductor market.{{Cite news | url=https://www.eetimes.com/maxim-acquires-innova-card/ | title=Maxim acquires Innova Card | first=Anne-Françoise | last=Pelé | work=EE Times | date=January 22, 2009}} It also acquired two product lines from Zilog: the Secure Transactions product line, featuring the Zatara family and the hardware portion of Zilog's Wireless Control product line, commonly found in universal remote controls.{{cite press release | url=https://www.globenewswire.com/news-release/2009/02/19/392841/9046/en/Maxim-Announces-Acquisition-of-Two-Product-Lines-From-Zilog-Inc.html | title=Maxim Announces Acquisition of Two Product Lines From Zilog, Inc. | publisher=Globe Newswire | date=February 19, 2009}}{{Cite news | url=https://www.eetimes.com/zilog-sells-product-lines-to-maxim-uei/ | title=Zilog sells product lines to Maxim, UEI | first=Mark | last=LaPedus | work=EE Times | date=February 19, 2009}}

In 2010, the company acquired Teridian Semiconductor from Golden Gate Capital for $315 million. Teridian was a fabless semiconductor company based in Irvine, California, supplying System-on-a-chip (SoC) for the smart meter market.{{cite press release | url=https://www.globenewswire.com/en/news-release/2010/04/12/418108/9046/en/Maxim-to-Acquire-Teridian-a-Leading-Supplier-of-System-on-Chip-Solutions-for-the-Smart-Meter-Market.html | title=Maxim to Acquire Teridian, a Leading Supplier of System on Chip Solutions for the Smart Meter Market | publisher=Globe Newswire | date=April 12, 2010}}{{Cite web | url=https://pitchbook.com/newsletter/golden-gate-completes-teridian-sale | title=Golden Gate Completes Teridian Sale | publisher=PitchBook Data | date=May 14, 2010}} It also acquired Trinity Convergence Limited, a software company based in Cambridge, United Kingdom, a part of the ecosystem to bring Skype video conferencing to the LCD TV market. It also acquired Phyworks, a supplier of optical transceiver chips for the broadband communications market, for $72.5 million.{{cite press release | url=https://www.globenewswire.com/news-release/2010/09/08/429017/200878/en/Maxim-Acquires-Phyworks-a-Leading-Supplier-of-Optical-Transceiver-Chips-for-the-Broadband-Communications-Market.html | title=Maxim Acquires Phyworks, a Leading Supplier of Optical Transceiver Chips for the Broadband Communications Market | publisher=Globe Newswire | date=September 8, 2010}}{{Cite news | url=https://www.eetimes.com/maxim-to-acquire-phyworks-for-72-5m/ | title=Maxim to acquire Phyworks for $72.5M | first=Mark | last=LaPedus | work=EE Times | date=September 8, 2010}}

In November 2010, the company shipped its first analog product on a 300mm wafer.{{cite press release | url=https://www.globenewswire.com/en/news-release/2010/11/05/433632/9046/en/Maxim-Begins-Production-Shipments-From-300mm-Wafers.html | title=Maxim Begins Production Shipments From 300mm Wafers | publisher=Globe Newswire | date=November 5, 2010}}

In July 2011, the company acquired SensorDynamics, a semiconductor company that develops proprietary sensor and microelectromechanical systems.{{cite press release | url=https://www.globenewswire.com/en/news-release/2011/07/18/451425/9046/en/Maxim-Acquires-SensorDynamics-Developer-and-Manufacturer-of-Proprietary-Sensor-and-MEMS-Solutions.html | title=Maxim Acquires SensorDynamics, Developer and Manufacturer of Proprietary Sensor and MEMS Solutions | publisher=Globe Newswire | date=July 18, 2011}} Also in 2011, it acquired Cambridge Analog Technologies, a company based in Billerica, Massachusetts, that focused on licensing analog designs including low power ADCs and other analog blocks.

In 2012, the company acquired Genasic Design Systems, a fabless RF chip company that makes chips for LTE applications.{{Cite news | url=https://www.eetimes.com/maxim-acquires-lte-chip-firm/ | title=Maxim acquires LTE chip firm | first=Peter | last=Clarke | work=EE Times | date=January 22, 2012}}

In October 2013, the company acquired Volterra Semiconductor, a manufacturer of power management equipment.{{cite press release | url=https://www.prnewswire.com/news-releases/maxim-integrated-completes-acquisition-of-volterra-semiconductor-corporation-226039861.html | title=Maxim Integrated Completes Acquisition of Volterra Semiconductor Corporation | publisher=PR Newswire | date=October 1, 2013}}

In February 2018, the company acquired Icron Technologies, a manufacturer of USB and video extension products.{{cite web |title=Maxim Integrated Acquires Burnaby-based Icron Technologies | url=https://www.bctechnology.com/news/2018/2/16/Maxim-Integrated-Acquires-Burnaby-based-Icron-Technologies.cfm |website=bctechnology |date=16 February 2018}}

In June 2020, the company acquired Trinamic, a producer of motion control products.{{cite news | url=https://www.siliconexpert.com/blog/trinamic-and-maxim-integrated-bring-together-the-worlds-best-motion-control-solutions/ | title=Trinamic and Maxim Integrated Bring Together the World's Best Motion Control Solutions | work=SiliconExpert | date=June 18, 2020}}

On August 26, 2021, the company was acquired by Analog Devices.{{cite news |title=Analog Devices Completes Acquisition of Maxim Integrated |url=https://www.valdostadailytimes.com/news/business/analog-devices-completes-acquisition-of-maxim-integrated/article_ba392264-d435-5296-b051-f1a791ac54a5.html | work=Valdosta Daily Times |date=August 12, 2021}}