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:
“... in America ... children are instructed in the virtues of the system they live under, as though history had achieved a happy ending in American civics.”
—Mary McCarthy (1912–1989)
“A poet’s object is not to tell what actually happened but what could or would happen either probably or inevitably.... For this reason poetry is something more scientific and serious than history, because poetry tends to give general truths while history gives particular facts.”
—Aristotle (384–323 B.C.)
“I believe that history has shape, order, and meaning; that exceptional men, as much as economic forces, produce change; and that passé abstractions like beauty, nobility, and greatness have a shifting but continuing validity.”
—Camille Paglia (b. 1947)