Semiconductor maker Analog Devices said on Monday it would buy rival Maxim Integrated Products for about $21 billion in the largest US deal this year, aiming to boost its market share in automotive and 5G chipmaking, reported The Financial Times.
The deal, which is also Analog’s biggest, will create a chipmaking force with a combined enterprise value of about $68 billion that will compete with larger rivals including Texas Instruments.
The companies said the deal added Maxim’s strength in automotive and data center markets to ADI’s across broad industrial, communications and digital healthcare segments.
Based in Norwood, Massachusetts, Analog Devices provides sensors, data converters, amplifiers and other signal processing products to a range of industries from transportation and healthcare to instrumentation and portable consumer devices.
San Jose, California-based Maxim designs and manufactures analog chips that are used in cars, manufacturing, energy, communications, healthcare and connected devices.