Maxim Invests $200 Million in Expansion and Equipment Upgrades for Its U.S. Manufacturing Facilities

SAN JOSE, Calif., June 27, 2012 /PRNewswire/ -- Maxim Integrated Products, Inc. (NASDAQ:MXIM) today announced a $200 million multiyear investment to upgrade its U.S. wafer fabrication facilities (fabs) in Beaverton, Oregon; Dallas and San Antonio, Texas; and San Jose, California.

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Maxim will use the multiyear investment to upgrade manufacturing equipment, improve process technologies, convert to newer technology nodes, and assimilate production from recently acquired companies. This investment is consistent with previously disclosed estimates for capital expenditures in Maxim's fiscal years 2012 and 2013.

Maxim employs 9,300 employees worldwide, including approximately 1,000 manufacturing cleanroom workers in its four U.S. fabs. These facilities produce integrated circuits (ICs) for devices such as smartphones, tablet PCs, factory-automation equipment, automobiles, computers, medical equipment, smart grid equipment, and communications devices. Manufacturing staff will be added over time as expansions are completed and production ramps to capacity.

"Maxim has an extremely talented workforce doing technology development in Silicon Valley and cost-competitive manufacturing in our U.S. wafer fabs, where we make about 50 percent of our products," said Tunç Doluca, President and CEO of Maxim Integrated Products. "We are investing in our U.S. infrastructure to build intellectual property and enable a competitive edge."

Maxim's U.S. manufacturing facilities have been recognized for their energy efficiency and conservation of natural resources. The Energy Trust of Oregon acknowledged the Beaverton facility's energy-conversation program, which has saved over 3.7 million kilowatt hours of electricity annually and reduced carbon dioxide emissions by more than 1400 tons. Beaverton site management is evaluating additional energy-efficiency opportunities in solar-electric power, lighting automation, and boiler plant upgrades. In Texas, the San Antonio Water System recognized Maxim with a "Refreshing Ideas Award," acknowledging the site's effective methods to reduce water consumption. Maxim helped save 55 million gallons of water annually at that facility through changes such as condensation harvesting, third-stage reverse osmosis, and analytical reclaim.

Maxim creates high-performance ICs and is a leader in analog innovation and integration. It is unique among semiconductor companies in the range of disparate analog functions that it can combine onto a single chip, helping its customers get to market faster with systems that are smaller and consume less power.

About Maxim
Maxim makes highly integrated analog and mixed-signal semiconductors. Maxim reported revenue of approximately $2.5 billion for fiscal 2011. For more information, go to www.Maxim-ic.com.

SOURCE Maxim Integrated Products, Inc.