Maxim Announces Decision to Discontinue Development of Certain Standalone Highspeed, High-Resolution Analog to Digital Converters
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Maxim Integrated Products
120 San Gabriel Dr.
Sunnyvale, CA, 94086
Press release date: May 8, 2007
SUNNYVALE, CA-May 8, 2007- Maxim Integrated Products, Inc. (NASDAQ: MXIM) announced that it will stop developing certain standalone high-speed, high-resolution analog to digital converters. In particular, for a period of four years, Maxim will no longer develop standalone analog to digital converters having resolutions of 12 bits or higher and speeds of 65 MSPS and higher and with a principal purpose to convert an analog signal to a digital signal. This restriction does not include the use of A/D converters when embedded on the same die with a more comprehensive device, system or functionality.
Maxim will get more attractive returns on the Company's R&D investment by deploying these valuable resources in other product areas. The Company arrived at this conclusion after observing that a) the standalone high-speed, high resolution analog to digital converter market has limited available market size; b) there are several companies competing for this limited market; and c) exiting the market helped avoid a costly trial by facilitating the settlement of an intellectual property dispute with Analog Devices, Inc.
Maxim will continue to fully support its valuable customers with products manufactured to date in this market. Tunc Doluca, Maxim's Chief Executive Officer commented, "Maxim has decided to focus its research and development team on other existing opportunities that have more attractive return on investment. We are a company with over seventy product lines and the decision to de-emphasize standalone high-speed converter products will have no significant impact on our near term revenues and earnings and will improve return on investment in the long term."
Maxim Integrated Products is a leading international supplier of highperformance analog and mixed-signal products for applications that require real world signal processing.