Report: Analog Devices, Maxim in merger talks
The potential deal is the latest in a wave of consolidation taking place across the semiconductor industry.
Maxim Integrated Products Inc. (San Jose, Calif.), an analog and mixed-signal chip company, was conducting a strategic review of its business with a bank when it was approached by Analog Devices, according to a Bloomberg report that referenced an unnamed source. The talks are not finished but may not lead to a merger or acquisition the report said.
Analog Devices Inc. (Norwood, Mass.), a leading supplier of analog and mixed-signal ICs for signal conversion and amplification and RF applications. It has been on the acquisition trail for some time with a number of smaller deals and a major one taking the company higher into RF when it acquired Hittite Microwave Corp. in 2014.
Maxim’s share price jumped from $35.5 to $39 as the news broke and has remained at about $38.5 per share giving a market capitalization of about $10.9 billion. Analog Devices’ share price jumped from $58 to $64 on the news but has settled back to about $61 making the company worth about $19.1 billion.
A spokesperson for Maxim said the company does not comment on rumors and speculation.
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