Ana­log swoops for Maxim to create $68bn chip­maker

The Daily Telegraph - Business - - Technology Intelligen­ce - By Hannah Boland

ANA­LOG De­vices has snapped up ri­val semi­con­duc­tor com­pany Maxim In­te­grated Prod­ucts to create a $68bn (£54bn) com­pany in one of the largest takeovers of the year.

The deal will al­low Ana­log to grow its chip-mak­ing capabiliti­es for cars and mo­bile phones.

Ana­log, which spe­cialises in mak­ing sen­sors and sig­nal pro­cess­ing chips, is re­port­edly pay­ing $20bn for Maxim.

The takeover has been ap­proved by both com­pa­nies’ boards and is ex­pected to close next sum­mer.

Vin­cent Roche, pres­i­dent and chief ex­ec­u­tive of Ana­log, said: “Maxim is a re­spected sig­nal pro­cess­ing and power man­age­ment fran­chise with a proven tech­nol­ogy port­fo­lio and im­pres­sive his­tory of em­pow­er­ing de­sign in­no­va­tion. To­gether, we are well-po­si­tioned to de­liver the next wave of semi­con­duc­tor growth.”

The deal fol­lows a rel­a­tively solid few months for chip­mak­ers, af­ter busi­nesses were forced to shift all their op­er­a­tions on­line, buy­ing more lap­tops and phones for staff amid lock­downs.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.