Maxim Integrated
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| Company type | Public (Nasdaq: MXIM) |
|---|---|
| Industry | Semiconductors |
| Founded | 1983 |
| Headquarters | Sunnyvale, California USA |
| Products | Integrated Circuits 28 Product Lines |
| Revenue | $1.646 Billion USD (2009) |
Number of employees | 8,700+ (2009) |
| Website | www.maxim-ic.com |
Maxim Integrated Products (Nasdaq: MXIM) is a publicly traded company that designs, manufactures, and sells semiconductor products. The company’s stated mission is to deliver innovative analog and mixed-signal engineering solutions that add value to its customers’ products.[1] To date, Maxim has developed over 6300 integrated circuits (ICs) serving the industrial, communications, consumer, and computing markets.
Headquartered in Sunnyvale, California (USA), Maxim has design centers, manufacturing facilities, and sales offices throughout the world. With over $1.6 billion in annual sales, 8,700 employees, and 35,000 customers worldwide, Maxim is among the most profitable companies in the semiconductor industry.[2]
History
Maxim Integrated Products was founded in 1983 by nine semiconductor professionals who believed that the market needed a well-managed, innovative supplier of high-quality analog and mixed-signal ICs.[3] Based on a two-page business plan, they obtained $9 million in venture capital to establish the company. In the first year, the company developed 24 second source products to provide a revenue base for future growth. After that, Maxim transitioned to designing proprietary products that offered greater differentiation and higher profits.[3] Today, the company has over 6300 ICs in 28 product categories.
Maxim recorded its first profitable fiscal year in 1987, and has posted a profit every year since it went public in 1988. Annual revenue reached $500 million in fiscal year 1998 and now exceeds $1.6 billion (fiscal year 2009).[1]
Acquisitions
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Maxim has historically eschewed a strategy of growth through acquisition.[4] Nonetheless, the company has made a modest number of strategic acquisitions to expand its technology portfolio, increase manufacturing capacity, or gain experienced engineering talent.
1990: Purchased first wafer fabrication 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 valuable 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.
2007: Purchased 0.18-micrometre fab from Atmel in Irving, Texas, approximately doubling fab capacity.
2007: Acquired Vitesse Semiconductor’s Storage Products Division in Colorado Springs, Colorado, adding advanced 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 advanced H.264 video-compression technology to its portfolio.
2009: Acquired Innova Card, headquartered in La Ciotat, France, to bolster Maxim's presence in the financial transaction terminal semiconductor market.
2009: Acquired two product lines from Zilog, Inc. Maxim purchased the Secure Transactions product line, featuring the Zatara 32-bit, ARM-based, fully integrated single-chip solution, further enhancing Maxim's offerings in the secure transactions market, and the hardware portion of the Wireless Control product line, whose Crimzon and classic IR solutions are commonly found in universal remote controls. The software portion of the Wireless Control product line was simultaneously acquired by Universal Electronics Inc., famous for their One-for-All brand of universal remote controls.
2010: Acquired privately held Teridian Semiconductor Corporation located in Irvine, CA for approximately $315 million in cash. Teridian is a fabless semiconductor company and is a leading supplier of System On A Chip solutions for the smart meter market.
Products
Maxim designs, manufactures, and sells analog, mixed-signal, high-frequency, and digital circuits. Its product portfolio includes over 6300 ICs in 28 major product categories serving the industrial, communications, consumer, and computing markets. Maxim’s product lines include: 1-Wire and iButton devices; amplifiers and comparators; analog switches and multiplexers; audio/video; automotive; clock generation and distribution; analog-to-digital converters; digital-to-analog converters; digital potentiometers; analog filters; high-frequency ASICs; hot-swap and power switching; interface and interconnect; memories (volatile, nonvolatile, multifunction); microcontrollers; military/aerospace; optoelectronics; battery and power management; powerline networking; protection and isolation; real-time clocks; storage products; microprocessor supervisors; T/E carrier and packetized communications; thermal management; voltage references; wireless, RF, and cable.
Innovations
Process technologies
Throughout its history, Maxim has invested in process technology research and development. The company utilizes over 160 proprietary analog and mixed-signal processes in its wafer fabrication facilities. This broad technology mix allows the company to meet customer requirements for integration, performance, and cost.[5]
Temporary delisting
From October 2007 to October 2008, Maxim's common stock remained 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 founder and CEO, Jack Gifford and CFO Carl Jasper resigned due to an investigation into the issue by Maxim's board of directors.[6]
On October 8, 2008, Maxim was able to restate its earnings and was relisted on the Nasdaq Stock Exchange.[7]
External links
- Official Company Website
- "Engineering Success: 25 Years of Growth and Innovation," San Jose Magazine Article
Footnotes
- ^ a b "Company Overview". Maxim Integrated Products. Retrieved 2008-07-28.
- ^ "Ranked #1 in profit as percent of revenue among semiconductor companies in the Fortune 1000". Fortune,. 2006-04-17.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help)CS1 maint: extra punctuation (link) - ^ a b "Engineering Success: Maxim Integrated Products Celebrates 25 Years of Growth and Innovation". San Jose Magazine. Retrieved 2008-07-28.
- ^ "CEO of the Year". Electronic Business. July 2001.
- ^ "Integrated-Circuit Manufacturing Capabilities". Maxim Integrated Products. Retrieved 2008-07-28.
- ^ "Maxim CFO Resigns amid Options Probe", CFO Accessed January 12, 2009.
- ^ "Remote Bell Ceremony to Celebrate Maxim's Re-listing on The NASDAQ Stock Market", Yahoo! Business, Accessed January 12, 2009. [dead link]
- Articles needing cleanup from January 2010
- Articles with sections that need to be turned into prose from January 2010
- Companies in the Nasdaq-100
- Companies listed on the Nasdaq
- Electronics companies of the United States
- Companies based in Sunnyvale, California
- Semiconductor companies
- Companies established in 1983