Maxim Invests $75 Million to Upgrade Beaverton Manufacturing Operation

BEAVERTON, Ore., June 27, 2012 /PRNewswire/ -- Maxim Integrated Products, Inc., a Fortune 1000 semiconductor company headquartered in Silicon Valley, will invest $75 million to upgrade its semiconductor fabrication facility (fab) in Beaverton, Oregon. Maxim, which purchased the 226,000 square foot facility from Tektronix, Inc. in 1994, will upgrade manufacturing equipment, improve process technologies, and convert to newer technology nodes.

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Maxim employs approximately 540 manufacturing and engineering staff in the Beaverton facility, where it produces integrated circuits (ICs) for electronic devices such as factory automation equipment, GPS and navigation units for cars and planes, satellite systems, and communications devices. Manufacturing staff will be added over time as the expansion is completed and production ramps to capacity. Maxim also employs approximately 300 workers at its Hillsboro, Oregon site which is focused on engineering and administrative functions.

"For nearly two decades, our Oregon employees have proven their commitment to help Maxim deliver the integrated engineering solutions that our partners demand," said Malcolm Delaney, Executive Director of Maxim's Beaverton fab. "Advanced manufacturing operations must keep pace with the technological needs of the marketplace. This new investment enables installation of next-generation equipment to support Maxim's newest process technologies."

The Honorable Suzanne Bonamici, U.S. Representative for Oregon's 1st congressional district commented: "Maxim's investment demonstrates a commitment to keeping high-level manufacturing jobs in our communities. This is great news for Beaverton and Oregon's First District."

With the aid of the Energy Trust of Oregon, Maxim's Beaverton facility recently initiated an energy conservation program that has saved annually over 3.7 million kilowatt hours of electricity and reduced carbon dioxide emissions by over 1400 tons. The site is actively looking at additional energy-efficiency opportunities in solar-electric power, lighting automation, and boiler plant upgrades. Maxim and its Oregon employees are involved in many charitable causes around the Portland area including the American Cancer Society®, Leukemia and Lymphoma Society®, and Susan G. Komen® for the Cure, as well as promotion of science, technology, engineering, and mathematics education (STEM) in area schools.

Maxim creates high-performance semiconductor products 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. Maxim has approximately 9,300 employees worldwide, of which 825 are in Oregon, including sites and offices in Beaverton and Hillsboro.

Maxim's $75 million expansion of its Beaverton fab is part of the company's $200 million multiyear investment to upgrade its U.S. manufacturing facilities in Oregon, Texas and California. This investment is consistent with previously disclosed estimates for capital expenditures in Maxim's fiscal years 2012 and 2013.

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.

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SOURCE Maxim Integrated Products, Inc.