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ADI completes its acquisition of Maxim
Release time:
2023-07-19 17:29
On August 2021, 8, analog chip manufacturer ADI officially announced that it has completed its previously announced acquisition of Maxim Integrated Products, Inc. (Maxim). The acquisition will strengthen ADI's market position as a high-performance analog semiconductor company with more than $26 billion in nearly 12-month revenue, industry-leading margins and more than $90 billion in free cash flow.
Vincent Roche, President and CEO of Analog Devices, said, "Today is a significant milestone for ADI, and I am thrilled to welcome the Maxim team, who share our commitment to solving our customers' most complex technical problems. With more than 1,<> engineering talents and a wider and deeper coverage of leading technologies, we are able to provide our customers with more complete and cutting-edge solutions. Together, we will drive the next wave of analog semiconductor innovation to build a healthier, safer, and more sustainable future for human society." ”
Under the terms of the definitive agreement, shareholders holding Maxim's common stock will be convertible for 0.63 shares of Analog Devices common stock per share. Maxim common stock will no longer be listed for trading on the NASDAQ stock market.
Upon completion of the transaction, Tunç Doluca, former president and CEO of Maxim, and Mercedes Johnson, former founding executive officer of Avago Technologies, will join ADI's Board of Directors. Mr. Doluca and Ms. Johnson served on Maxim's Board of Directors until the closing of the transaction.
About Analog Devices
Analog Devices (Nasdaq: ADI) is a leading global high-performance semiconductor company solving the toughest engineering challenges. With outstanding detection, measurement, power, connectivity and interpretation technologies, we help customers re-understand the world around them by building intelligent bridges between the physical and digital worlds.
About Maxim Integrated
Maxim Integrated is an engineer-oriented technology company that solves engineers' toughest problems to drive design innovation. Maxim Integrated provides customers with a comprehensive portfolio of high-performance semiconductors, as well as industry-leading design tools and support, to provide customers with basic analog solutions for efficient power, high-precision measurements, reliable interconnects, reliable protection, and intelligent processing. Maxim Integrated earns the trust of engineers in automotive, communications, consumer, data center, healthcare, industrial, and IoT applications by helping them quickly develop smaller, smarter, and safer designs.
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