Analog Devices in Talks to Buy Maxim Integrated for More Than $17 Billion
July 12 2020 - 7:21PM
Dow Jones News
By Cara Lombardo
Semiconductor maker Analog Devices Inc. is in talks to buy rival
Maxim Integrated Products Inc. for more than $17 billion in what
would be one of the largest merger deals of the year, according to
people familiar with the matter.
Analog and Maxim are discussing an all-stock deal that would
value Maxim at more than its current market value of roughly $17
billion, some of the people said. A deal could be finalized as soon
as Monday, though it isn't guaranteed and discussions could still
fall apart.
There has been a flurry of activity in the semiconductor
industry as chip makers seek scale and expand their product
portfolios in a world in which everyday items from cars to washing
machines are increasingly incorporating chips to link to the
internet.
Maxim's semiconductors are used in a variety of settings
including industrial, automotive and health care. The company was
founded in 1983 and is based in San Jose, Calif.
Analog, with a market value of roughly $46 billion, is based in
Norwood, Mass. The companies have held talks on and off for
years.
--(More to come)
(END) Dow Jones Newswires
July 12, 2020 19:06 ET (23:06 GMT)
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