(Beijing, China – August 27) analog devices, Inc. (NASDAQ: ADI) announced the completion of the previously announced acquisition of Maxim integrated products, Inc. (NASDAQ: mxim). This acquisition will strengthen ADI’s market position as a high-performance analog semiconductor company. The company’s revenue in recent 12 months will exceed US $9 billion 1, its profit margin will be industry-leading, and its free cash flow will exceed US $3 billion 1.
Vincent Roche, President and CEO of ADI, said: “Today is a significant milestone for ADI. I am very happy and welcome the maxim team. They are committed to solving the most complex technical problems of customers like us. With more than 10000 engineering talents and leading technologies covering a wider and deeper range, we can provide our customers with more complete and cutting-edge solutions. We will jointly promote the next wave of models The wave of semiconductor innovation is proposed to build a healthier, safer and more sustainable future for human society. “
According to the terms of the final agreement, shareholders holding Maxim ordinary shares can exchange 0.63 ordinary shares of ADI company per share. Maxim common stock will no longer be listed on the Nasdaq stock market.
Consolidated board of directors
Upon completion of the transaction, Tun ç doluca, former president and CEO of Maxim, and Mercedes Johnson, former founding CEO of Avago technologies, will join the board of directors of ADI. Mr. doluca and Ms. Johnson served on Maxim’s board of directors until the completion of the transaction.
Special investor teleconference and webcast information
ADI plans to hold a webcast to discuss its future capital allocation priorities and update its outlook for the fourth quarter of fy2021. The webcast will start at about 8:30 a.m. EST on September 8, 2021, and will be hosted by Vincent Roche, President and CEO, prashanth Mahendra rajah, senior vice president and chief financial officer, and Michael Lucarelli, senior director of investor relations.