|Exchange:||NASDAQ national market|
|Stock:||Maxim Integrated Products Inc.|
|Maxim Integrated Products, Inc. is a Delaware corporation originally incorporated in California in 1983. The Company designs, develops, manufactures and markets a range of linear and mixed-signal integrated circuits, commonly referred to as analog circuits, for a large number of customers in diverse geographical locations. The analog market is fragmented and characterized by diverse applications, numerous product variations and, with respect to many circuit types, relatively long product life cycles. Its objective is to develop and market both proprietary and industry-standard analog integrated circuits that meet the increasingly stringent quality and performance standards demanded by customers. All electronic signals generally fall into one of two categories, linear or digital. Linear (or analog) signals represent real world phenomena, such as temperature, pressure, sound, or speed, and are continuously variable over a range of values. Digital signals represent the "ones" and "zeros" of binary arithmetic and are either on or off. Three general classes of semiconductor products arise from this distinction between linear and digital signals: digital devices, such as memories and microprocessors that operate mainly in the digital domain, linear devices such as amplifiers, references, analog multiplexers and switches that operate mainly in the analog domain; and mixed-signal devices such as data converter devices that combine linear and digital functions on the same integrated circuit and interface between the analog and digital domains. Its strategy has been to target both the linear and mixed-signal markets, often collectively referred to as the analog market. However, some of its products are mainly digital. While its focus continues to be on the linear and mixed signal market, its capabilities in the digital domain enable development of new mixed signal and other products with highly sophisticated digital characteristics. It employs a system addressing quality and reliability of its products from initial design through wafer fabrication, assembly, testing and final shipment. The Company mainly manufactures its own wafers and, to a lesser extent, utilizes third-party silicon foundries to produce wafers. The majority of processed wafers are subjected to parametric and functional testing at its facilities. The range of products demanded by the mixed signal analog integrated circuit market requires multiple manufacturing process technologies. It market its products worldwide through a direct-sales and applications organization and through its own and other unaffiliated distribution channels to a range of customers in diverse industries. It operates in one reportable segment - the design, development, marketing and manufacturing of a range of linear and mixed signal integrated circuits. The mixed signal analog integrated circuit industry is intensely competitive. Its main competitors include, but are not limited to, Analog Devices, Inc., Intersil Corporation, Linear Technology Corporation, NXP Semiconductors NV and Texas Instruments Inc. The Company’s compliance with foreign, federal, state and local laws and regulations that have been enacted to regulate the environment has not had a material adverse effect on its capital expenditures, earnings, competitive or financial position.|
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