Texas Instruments Inc., the biggest maker of analog chips, is in talks to acquire Maxim Integrated Products Inc., people with knowledge of the matter said.

Maxim’s management, who also received interest from from Analog Devices Inc., may not be willing to sell unless they get a very high premium, said the people, who asked not to be identified because the information is private. The talks are continuing and may not result in a transaction. Maxim, based in San Jose, California, jumped 9.3 percent to $42.01 at the close in New York, giving the company a market value of about $11.9 billion.

The semiconductor industry is in the midst of a record year for mergers and acquisitions as companies get together to pool resources and get bigger in the face of a narrowing customer base and increasing costs. Texas Instruments, which competes with Maxim and Analog Devices in the analog chip market, extended its leadership in that area with its 2011 acquisition of National Semiconductor Corp. Texas Instruments has been absent from this year’s merger spree.

Texas Instruments Inc., the biggest maker of analog chips, is in talks to acquire Maxim Integrated Products Inc., people with knowledge of the matter said.

Maxim’s management, who also received interest from from Analog Devices Inc., may not be willing to sell unless they get a very high premium, said the people, who asked not to be identified because the information is private. The talks are continuing and may not result in a transaction. Maxim, based in San Jose, California, jumped 9.3 percent to $42.01 at the close in New York, giving the company a market value of about $11.9 billion.

The semiconductor industry is in the midst of a record year for mergers and acquisitions as companies get together to pool resources and get bigger in the face of a narrowing customer base and increasing costs. Texas Instruments, which competes with Maxim and Analog Devices in the analog chip market, extended its leadership in that area with its 2011 acquisition of National

By: DocMemory
Copyright © 2023 CST, Inc. All Rights Reserved