Maxim Integrated Products Inc is a Delaware corporation incorporated in California in 1983. The Company designs, develops, manufactures and markets a range of linear and mixed-signal integrated circuits, commonly referred to as analog circuits, for number of customers in diverse geographical locations. The analog market is fragmented and characterized by diverse applications, numerous product variations and, with respect to many circuit types, relatively long product life cycles. The Mixed Signal Analog Integrated Circuit Markets electronic signals generally fall into one of two categories, linear or digital. Linear signals represent real world phenomena, such as temperature, pressure, sound, or speed, and are continuously variable over a range of values. Digital signals represent the "ones" and "zeros" of binary arithmetic and are either on or off. The Three general classes of semiconductor products arise from distinction between linear and digital signals; digital devices, such as memories and microprocessors that operate in the digital domain; linear devices, such as amplifiers, references, analog multiplexers and switches that operate in the analog domain; and mixed-signal devices such as data converter devices that combine linear and digital functions on the same integrated circuit and interface between the analog and digital domains. The Company's linear and mixed signal products serve five end-markets including; Automotive; Communications and Data Center including Basestations, Data Storage, Network & Datacom, Servers, Telecom, & Other Communications; Computing including Desktop Computers, Notebook Computers, Peripherals & Other Computer; Consumer including Cell Phones, Digital Cameras, Fitness, Handheld Computers, Home Entertainment & Appliances, Mobility Wearable, and Other Consumer; and Industrial including Automatic Test Equipment, Control & Automation, Electronic Instrumentation, Financial Terminals, Medical, Military & Aerospace, Security, Utility & Other Meters, and Other Industrial. The Company uses its wafer fabrication facilities as well as third party foundries for the production of wafers. The Company's markets its produts through a direct-sales and applications organization and through its own and other unaffiliated distribution channels to a range of customers in diverse industries. The Company faces competition from Analog Devices, Inc., Intersil Corporation, Linear Technology Corporation, NXPSemiconductors NV, Semtech Corporation, Silicon Laboratories, Cirrus Logic, Inc. and Texas Instruments Inc. In addition, it also competes with digital chipset providers, including Broadcom Corporation, Samsung Semiconductor, Inc., and Qualcomm Inc. The Company's business is subject to numerous risks, including fluctuations in foreign currency exchange rates and controls, import and export controls, and other laws, policies and regulations of foreign governments.
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