Maxim Invests $200 Million in Expansion and Equipment Upgrades for Its U.S. Manufacturing Facilities
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.
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.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted in: News