Maxim Integrated Products, Inc. designs, develops, manufactures, and markets a broad 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 major end-markets in which the company’s products are sold are the Automotive, Communications & Data Center, Consumer, and Industrial markets. The company’s linear and mixed-signal products serve four major end-markets, including Automotive, Commun...
Maxim Integrated Products, Inc. designs, develops, manufactures, and markets a broad 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 major end-markets in which the company’s products are sold are the Automotive, Communications & Data Center, Consumer, and Industrial markets. The company’s linear and mixed-signal products serve four major end-markets, including Automotive, Communications & Data Center, Consumer, and Industrial.
Automotive: Infotainment, powertrain, body electronics, and safety and security.
Communications and Data Center: Base Stations, data center, data storage, desktop computers, network and datacom, notebook computers, peripherals and other computer, server, telecom, and other communications.
Consumer: Smartphones, digital cameras, handheld computers, home entertainment and appliances, wearables, and other consumer.
Industrial: Automatic test equipment, control and automation, electrical instrumentation, financial terminals, medical, security, USB extension, and other industrial.
Strategy
The company’s strategy has been to target both the linear and mixed-signal markets, often collectively referred to as the analog market.
Suppliers
In fiscal year 2021, wafers manufactured by the company’s partner foundries and merchant foundries (e.g., Taiwan Semiconductor Manufacturing Company Limited) represented 69% of its total wafer manufacturing.
Customers, Sales and Marketing
The company markets its products worldwide through a direct-sales and applications organization and through its own and other unaffiliated distribution channels to a broad range of customers in diverse industries. The company’s products typically require a sophisticated technical sales and marketing effort. Its sales organization is divided into domestic and international regions. Distributors and direct customers generally buy on an individual purchase order basis, rather than pursuant to long-term agreements.
In fiscal 2021, 54% of the company’s revenues were generated from sales made through distributors, which includes distribution sales to Samsung and catalog distributors. The company's primary distributor is Avnet Electronics (Avnet). Avnet accounted for 21% of revenues in fiscal year 2021. Sales to WT Microelectronics (WT) accounted for 17% of net revenues in fiscal year 2021.
Seasonality
The company’s revenue is generally influenced on a quarterly basis by customer demand patterns and new product introductions.
Foreign Operations
The company conducts business in numerous countries outside of the United States (U.S.). Its international business is subject to numerous risks, including fluctuations in foreign currency exchange rates and controls, import and export controls, and other laws, policies, and regulations of foreign governments.
Research and Development
For the year ended June 26, 2021, the company’s research and development expenses included $454.3 million.
Competition
The company’s principal competitors include Analog Devices, Inc.; Cirrus Logic, Inc.; Monolithic Power Systems, Inc.; NXP Semiconductors N.V.; Semtech Corporation; Silicon Laboratories Inc.; and Texas Instruments Inc.
Patents, Licenses and Other Intellectual Property Rights
The company holds a number of patents worldwide with expiration dates ranging from calendar year 2021 to 2041. The company has also registered several of its trademarks and copyrights in the United States and other countries.
History
Maxim Integrated Products, Inc. was founded in 1983. The company, a Delaware corporation, was originally incorporated in California in 1983.