SOURCE: Maxim Integrated Products

May 02, 2007 17:00 ET

Maxim Announces Acquisition of Wafer Fab Facility in Irving, Texas

SUNNYVALE, CA -- (MARKET WIRE) -- May 2, 2007 -- Maxim Integrated Products, Inc., (NASDAQ: MXIM) announced that it has acquired a wafer fabrication facility in Irving, Texas from Atmel for approximately $38 million. The facility, located on approximately 39 acres, is comprised of approximately 622,000 square feet of clean room and office space. Approximately 60,000 square feet is currently clean room space with the capability of expanding to 100,000 square feet.

Vijay Ullal, Group President at Maxim, commented, "This facility puts us in an excellent position for future capacity requirements. It is capable of 20,000 eight inch wafer starts per month with the capability of expanding to over 30,000 wafer starts per month. The scale and construction of this facility will enable Maxim to bring on line capacity down to the 0.18um node with low cost and short cycle time with high yields."

Maxim Integrated Products is a leading international supplier of quality analog and mixed-signal products for applications that require real world signal processing.

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