ZCZC
BCN-03
US-BUSINESS-SEMICONDUCTORS-ANALOG-MAXIM
Analog Devices to acquire Maxim Integrated, form $68-bn firm: statement
NEW YORK, July 13, 2020 (BSS/AFP) – American semiconductor firm Analog Devices has agreed to buy rival Maxim Integrated to form an enterprise worth $68 billion, the companies announced Monday, in one of the biggest deals of the year.
“Maxim’s strength in the automotive and data center markets, combined with ADI’s strength across the broad industrial, communications and digital healthcare markets are highly complementary,” the statement said.
BSS/AFP/MSY/1642 hrs