Analog Devices (ADI) has further strengthened its position as a high-performance analog semiconductor company generating over $9 billion in revenue by completing its merger with Maxim Integrated Products (MXIM).

Analog Devices (ADI) announced on the 27th that it has completed the previously announced acquisition of Maxim Integrated Products (MXIM).

With this merger, ADI has further strengthened its position as a high-performance analog semiconductor company, projecting over $9 billion in revenue, industry-leading margins, and over $3 billion in free cash flow over the next 12 months on a pro forma basis.

Vincent Roche, CEO of Analog Devices, said, “Today is a monumental day for ADI, and I warmly welcome the Maxim team, who share our passion for solving our customers’ most complex technical problems. By expanding the breadth and depth of our leading technology with over 10,000 engineers, we are in a position to develop even more complete, cutting-edge solutions for our customers. Together, we will lead a new wave of analog semiconductor innovation while creating a healthier, safer, and more sustainable future for humanity.”

Under the terms of the final agreement, Maxim shareholders received 0.63 shares of ADI common stock for every 1 share of Maxim common stock. Maxim common stock is no longer listed on the NASDAQ stock market.

In connection with the closing of this transaction, Tunc Doluca, former CEO of Maxim, and Mercedes Johnson, a former founding executive of Avago Technologies, will join the ADI board of directors. They served on Maxim's board of directors until the completion of this transaction.

ADI will hold a webcast to discuss future capital allocation priorities and an updated outlook for the fourth quarter of fiscal year 2021. The webcast is scheduled to begin around 10:30 p.m. on September 8, 2021 (KST: 8:30 a.m. on September 8, US EST) with the participation of CEO Vincent Roach, CFO and Senior Vice President of Finance Prashanth Mahendra-Rajah, and Senior Director of Investor Relations Michael Lucarelli.

Webcasts and related presentations can be accessed live over the internet via Analog Devices' IR website (Investor.analog.com).