Analog Devices completes acquisition of Maxim Integrated

26 August 2021

Maxim is now part of ADI
Maxim is now part of ADI

Semiconductor firm specialising in sensing, data conversion & signal processing, RF & power management,  Analog Devices (ADI) has today announced the completion of its previously announced acquisition of Maxim Integrated Products, which focuses on IC technologies to make systems smaller & smarter, with enhanced security & increased energy efficiency.

The combination further strengthens ADI’s position as a high-performance analogue semiconductor company with trailing twelve-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 & 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 analogue 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 & 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.

Special Investor Conference Call & Webcast
ADI plans to host a webcast to discuss its upcoming capital allocation priorities and the updated fourth quarter fiscal 2021 outlook. The webcast is scheduled to begin at approximately 8:30am Eastern Time on September 8th, 2021 with Vincent Roche, President & Chief Executive Officer, Prashanth Mahendra-Rajah, Senior Vice President, Finance & Chief Financial Officer, and Michael Lucarelli, Senior Director of Investor Relations.

The webcast and accompanying presentation may be accessed live on the internet on Analog Devices’ Investor Relations website at, or by telephone as follows:

Participant Dial-In (domestic & international): (833) 423-0297
International Participant Passcode: 8334230297
*no passcode required for domestic dial-in

A replay of the conference call will be available approximately two hours after the call concludes and may be accessed for up to two weeks, by dialling 855-859-2056 and entering the conference ID: 7115409.

Both the press release and archived version of the webcast will be available at

About Analog Devices
Analog Devices, Inc. (ADI) operates at the center of the modern digital economy, converting real-world phenomena into actionable insight with its comprehensive suite of analogue and mixed signal, power management, radio frequency (RF), and digital and sensor technologies. ADI serves 125,000 customers worldwide with more than 75,000 products in the industrial, communications, automotive and consumer markets.

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