This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Maxim Integrated Launches Corporate Venture Group To Invest In Startups And Innovative Technologies

SAN JOSE, Calif., Sept. 12, 2012 /PRNewswire/ -- Maxim Integrated Products, Inc. (NASDAQ:MXIM) announced today it has established a Corporate Venture Group to invest in startup companies and innovative technologies.

(Logo: http://photos.prnewswire.com/prnh/20120912/SF71654LOGO)

Through the new Corporate Venture Group, Maxim will make strategic investments to seed technologies aligning with the company's focus areas, products, and initiatives, and facilitate partnering for Maxim's business units with smaller companies.

Focusing on technology for markets including automotive, industrial, mobility and communications, Maxim's Corporate Venture Group will provide partner companies with financial capital for growth and expansion as well as the opportunity to collaborate with Maxim on mutually beneficial products and technologies. The goal is to further Maxim as the leader in key markets while enhancing its business model, which balances high-growth markets (e.g. mobility and computing) with stable markets (e.g. industrial and communications).

"Investments made through our new Corporate Venture Group effectively augment our successful, home-grown technology solutions and those we incorporate through acquisitions," said Tunc Doluca, Maxim President and Chief Executive Officer. "These investments will also build upon our current technology strengths, allowing for diversification into emerging markets."

Maxim's Corporate Venture Group will be led by Yoon Choi, Venture Investment Lead. Prior to joining Maxim, Yoon was actively involved in the venture capital community. Most recently, she worked at Samsung Ventures, where she was actively involved in business development, sourcing of strategic investment opportunities and the financial and business analysis of venture transactions. Prior to Samsung Ventures, Yoon worked at PricewaterhouseCoopers and startup companies.

Maxim's Corporate Venture Group is an integral part of the company's Corporate Business Development Group, which focuses on mergers and acquisitions, strategic alliances, investments and divestitures. For more information, visit: http://www.maximintegrated.com/venturegroup

Maxim is a leader in analog innovation and integration, unique among semiconductor companies in the range of disparate analog functions that it can combine onto a single chip. The company's highly integrated solutions help customers create systems that are smaller and more energy efficient.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs