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:
“The only thing worse than a liar is a liar that’s also a hypocrite!
There are only two great currents in the history of mankind: the baseness which makes conservatives and the envy which makes revolutionaries.”
—Edmond De Goncourt (1822–1896)
“The history of the genesis or the old mythology repeats itself in the experience of every child. He too is a demon or god thrown into a particular chaos, where he strives ever to lead things from disorder into order.”
—Ralph Waldo Emerson (1803–1882)
“History, as an entirety, could only exist in the eyes of an observer outside it and outside the world. History only exists, in the final analysis, for God.”
—Albert Camus (1913–1960)