Maxim Integrated

Maxim Integrated is an American, publicly traded company that designs, manufactures, and sells analog and mixed-signal integrated circuits.[2]

Maxim Integrated Products, Inc.
Maxim Integrated
Public
Traded as
ISINUS57772K1016 
IndustrySemiconductors
Founded1983 (1983)
FounderJack Gifford 
HeadquartersSan Jose, California, U.S.
ProductsIntegrated Circuits
Revenue US$2.31 billion (2019)
US$747.1 million (2019)
US$827.5 million (2019)
Total assets US$3.744 billion (2019)
Total equity US$1.845 billion (2019)
Number of employees
7,131 (June 2019)
Websitemaximintegrated.com
Footnotes / references
[1]

Maxim Integrated develops integrated circuits (ICs) for the automotive, industrial, communications, consumer, and computing markets. The company is headquartered in San Jose, California, and has design centers, manufacturing facilities, and sales offices throughout the world. In the fiscal year 2019, it had US$2.31 billion in sales, 7,131 employees, and 35,000 customers worldwide.[3] Maxim is a Fortune 1000 company and its stock is a component of the NASDAQ-100 stock market index. In December 2018, Maxim was added back to the S&P 500.

History

Maxim was founded in April 1983.[4] Its nine initial team members had a variety of experience in semiconductors design and sales. The founding team included Jack Gifford, an industry pioneer since the 1960s; 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, yet another 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.[5] Based on a two-page business plan, they obtained US$9 million in venture capital to establish the company.[6] In the first year, the company developed 24 second-source products. After that, Maxim designed proprietary products that offered greater differentiation and higher profits.[5]

Logo prior to September 2012

In 1985, the industry was introduced to the MAX600, the first proprietary product to win an industry award and start decades of technical innovation. Maxim recorded its first profitable fiscal year in 1987, with the help of a product called MAX232, and posted a profit every year since it went public in 1988. Annual revenue reached $500 million in fiscal year 1998 and in fiscal 2011 totaled over $2.47 billion.[2] In 2005, Maxim became a Fortune 1000 company. Three years later, the company established its Chief Technical Office, and the number of patents rose by 50% over the next two years. In 2010, the company shipped its first analog product on a 300mm wafer.

In July 2020, Maxim Integrated agreed to be acquired by Analog Devices in an all-stock deal for US$20.91 billion.[7]

Maxim's product portfolio now includes power and battery management ICs, sensors, analog ICs, interface ICs, communications solutions, digital ICs, embedded security, and microcontrollers.

Acquisitions
  • 1990: Purchased first wafer fabrication (fab) facility in Sunnyvale, California.
  • 1994: Acquired Tektronix Semiconductor Division in Beaverton, Oregon, giving Maxim high-speed bipolar processes for wireless RF and fiber-optic products.
  • 1997: Purchased an additional wafer fab from IC Works in San Jose, California, to increase fab capacity.
  • 2001: Acquired Dallas Semiconductor in Dallas, Texas, to gain expertise in digital and mixed-signal CMOS design, as well as an additional wafer fab.
  • 2003: Purchased submicrometre CMOS fab from Philips in San Antonio, Texas, to ramp up capacity and support processes down to the 0.25-micrometre level.[8]
  • 2007: Purchased 0.18-micrometre fab from Atmel in Irving, Texas, approximately doubling fab capacity.[9]
  • 2007: Acquired Vitesse Semiconductor’s Storage Products Division[10] in Colorado Springs, Colorado, adding Serial ATA (SATA), Serial Attached SCSI (SAS), and enclosure-management products to Maxim’s product portfolio.
  • 2008: Acquired Mobilygen in Santa Clara, California, to add H.264 video-compression technology to its portfolio.[11]
  • 2009: Acquired Innova Card, headquartered in La Ciotat, France, for the financial transaction terminal semiconductor market.[12]
  • 2009: Acquired two product lines from Zilog, Inc. Maxim purchased 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.[13]
  • 2010: Acquired privately held Teridian Semiconductor Corporation for approximately $315 million in cash. Teridian was a fabless semiconductor company located in Irvine, California, supplying systems on a chip (SoC) for the smart meter market.[14]
  • 2010: Maxim acquired the technology and employees of Trinity Convergence Limited, a software company based in Cambridge, U.K. Trinity was part of the ecosystem to bring Skype video conferencing to the LCD TV market.
  • 2010: Maxim acquired Phyworks, a supplier of optical transceiver chips for the broadband communications market.[15]
  • 2011: Maxim acquired SensorDynamics, a semiconductor company that develops proprietary sensor and microelectromechanical systems.[16]
  • 2012: Maxim acquired Genasic Design Systems Ltd., a fabless RF chip company that makes chips for LTE applications.[17]
  • 2013: Maxim acquired Volterra Semiconductor.[18]
  • 2018: Maxim acquired Icron Technologies.[19]
  • 2020: Maxim acquired Trinamic[20]

Temporary delisting

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 on the Pink Sheets until the company completed its restatement in 2008. Maxim's CFO Carl Jasper resigned due to an investigation into the issue by Maxim's board of directors.[21]

Maxim restated its earnings in September 2008 and was relisted on the Nasdaq Stock Exchange on October 8, 2008.[22][23]

gollark: The nondeterministic processes might, if it, I don't know, doesn't always assign registers identically in assembly.
gollark: The compiler may include nondeterministic processes and some build processes include filepaths and timestamps and such beeocity.
gollark: I don't think reproducible builds utterly exist yet in general, though.
gollark: Its reports feature is *designed* for this, and it can even work for backdoors!
gollark: Oh, actually, if you *can* use HTTPS, I can give you SPUDNET keys.

References
  1. "US SEC: 2019 Form 10-K Maxim Integrated Products, Inc". U.S. Securities and Exchange Commission. August 21, 2019. Retrieved Jul 14, 2020.
  2. "Maxim at a Glance". Maxim Integrated web site. Retrieved April 27, 2011.
  3. "2014 Earnings Press Release, Maxim Integrated Products, Inc". Maxim Integrated Products, Inc. 24 July 2014. Retrieved 5 August 2013.
  4. Steve Szirom, InsideChips. Maxim Integrated Products (MXIM) Archived 2013-01-16 at the Wayback Machine. Retrieved March 20, 2012.
  5. "Engineering Success: Maxim Integrated Products Celebrates 25 Years of Growth and Innovation". San Jose Magazine. July 2, 2008. Archived from the original on July 20, 2008. Retrieved April 27, 2011.
  6. Danny Wool, Maxim Moving to San Jose. Jan 27, 2011. Retrieved March 20, 2012.
  7. "Analog Devices to acquire rival chipmaker Maxim Integrated for $21 billion". 2020-07-13. Retrieved 2020-07-13.
  8. "Maxim Acquires Submicron Wafer Fabrication Facility in San Antonio, Texas" (PDF). Maxim Integrated Products, Inc. 24 October 2003.
  9. "Maxim Announces Acquisition of Wafer Fab Facility in Irving, Texas" (PDF). Maxim Integrated Products, Inc. 2 May 2007.
  10. Vitesse Acquisition Complete
  11. "Maxim Integrated Products Announces Acquisition of Digital Video Leader Mobilygen" (PDF). Maxim Integrated Products, Inc. 14 October 2008.
  12. "Maxim Integrated Products Acquires Innova Card" (PDF). Maxim Integrated Products, Inc. 22 January 2009.
  13. "Maxim Announces Acquisition of Two Product Lines from Zilog, Inc" (PDF). Maxim Integrated Products, Inc. 19 February 2009.
  14. "Maxim to Acquire Teridian" (PDF). Maxim Integrated Products, Inc. 12 April 2010.
  15. "Maxim Acquires Phyworks" (PDF). Maxim Integrated Products, Inc. 8 September 2010.
  16. "Maxim Acquires SensorDynamics". Maxim Integrated Products, Inc. 18 July 2011.
  17. Peter Clarke, EE Times. "Maxim acquires LTE chip firm." January 22, 2012. Retrieved January 24, 2012.
  18. "Maxim Integrated Completes Acquisition of Volterra Semiconductor Corporation". Maxim Integrated. 1 October 2013.
  19. "Maxim Integrated Acquires Burnaby-based Icron Technologies". bctechnology. 16 February 2018. Retrieved 21 February 2018.
  20. "Maxim + Trinamic: Empowering Intelligent Motion". 28 May 2020. Retrieved 3 June 2020.
  21. "Maxim CFO Resigns amid Options Probe", CFO Accessed January 12, 2009.
  22. "Maxim Completes Restatement of Financial Statements". BNET: The CBS Interactive Business Network. September 2008. Retrieved April 13, 2011.
  23. "Maxim Integrated Products, Inc. (MXIM) to Conduct NASDAQ Stock Market Closing Bell Remotely from Maxim's Headquarters in Sunnyvale, California". NASDAQ OMX GlobeBewsWire. October 7, 2008. Retrieved April 13, 2011.
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