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U.S. semiconductor company Analog Devices offered to buy rival chipmaker Maxim Integrated Products for $20.91 billion in an all-stock deal.
Under the terms, Maxim stockholders will receive 0.630 of Analog Devices stock for each share they own, the companies said in a statement.
"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.
The combined company will be positioned to serve "more than 125,000 customers and capture a larger share of a $60 billion total addressable market," the statement said.
/PRNewswire/ -- Fiscal fourth quarter net revenue: Preliminary results: approximately $545 million Prior guidance: $480 million to $540 million Maxim...
ADI and MXIM are big TSMC customers so this is good for TSM. I'm still trying to find out why they merged. Both companies seemed to be doing very well. Your thoughts? Is this a 1+1=3 type of deal? TI is the other big analog player which competes directly with MXIM. Now ADI can go after TI with a better economies of scale.
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