History
Maxim was founded in April 1983. Its nine initial team members had a variety of experience in semiconductors design and sales. Based on a two-page business plan, they obtained $9 million in venture capital to establish the company. In the first year, the company developed 24 second source products. After that, Maxim designed proprietary products that offered greater differentiation and higher profits.
Maxim recorded its first profitable fiscal year in 1987, and posted a profit every year since it went public in 1988. Annual revenue reached $500 million in fiscal year 1998 and in fiscal 2011 totaled over $2.47 billion.
As of 2011 the company sold a wide variety of analog and mixed-signal devices, with thousands of different products. Of about 9,300 employees, approximately 4,500 were employed in the United States. Tunç Doluca became chief executive officer in January 2007.
Read more about this topic: Maxim Integrated Products
Famous quotes containing the word history:
“We know only a single science, the science of history. One can look at history from two sides and divide it into the history of nature and the history of men. However, the two sides are not to be divided off; as long as men exist the history of nature and the history of men are mutually conditioned.”
—Karl Marx (1818–1883)
“I am not a literary man.... I am a man of science, and I am interested in that branch of Anthropology which deals with the history of human speech.”
—J.A.H. (James Augustus Henry)
“The history of all hitherto existing society is the history of class struggles.”
—Karl Marx (1818–1883)