NEW YORK: Semiconductor maker Analog Devices Inc (ADI) said it would buy rival Maxim Integrated Products Inc for about US$21bil in the largest US deal this year, aimed at boosting its market share in automotive and 5G chipmaking.
The deal, which is also ADI’s biggest, will create a chipmaking force with a combined enterprise value of about US$68bil that will compete with larger rivals including Texas Instruments.
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