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Maxim To Invest $65 Million In Semiconductor Fabrication Facility
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The company plans to invest $65 million to expand its semiconductor fab in San Antonio.
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Saturday, June 30, 2012:
Maxim Integrated Products will invest approximately $65 million to expand its semiconductor fabrication facility (fab) in San Antonio. Maxim, which purchased the 380,000 square foot facility from Philips Semiconductors in 2003, will also be upgrading fab equipment.
Maxim employs approximately 540 manufacturing and engineering staff in San Antonio, where it produces integrated circuits (ICs) for electronic devices such as smart phones, tablet computers, automobile infotainment systems, and industrial equipment. Manufacturing staff will be added over time as the expansion is completed and production ramps to capacity.
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Chris Michael, managing director, Maxim's San Antonio fab, said, “Right here in San Antonio, we make ICs that enable smartphones to have more vivid displays and clearer audio, and our ICs let portable devices last longer on a battery charge. The quality of our employees and San Antonio's business-friendly approach made it easy for Maxim to decide to grow its footprint in this community.”
“To keep pace with the technological needs of electronics designs, ICs must continuously increase their complexities or the number of functions they perform. Factories become outdated if the precision instruments used in the fabrication process do not keep pace with the market. This retooling and expansion initiative is a major investment and acknowledgment of our San Antonio employees' commitment and productivity ” Michael added.
Julián Castro, Mayor, said: “San Antonio is proud to be home to innovative companies like Maxim Integrated Products which are part of a growing manufacturing sector that provides a $10 billion annual economic impact to our local economy. In addition to expanding their advance manufacturing operations in San Antonio, Maxim is a valued corporate partner that is committed to advancing higher education in our community by collaborating with UTSA to provide students with internships, career guidance and education in nanotechnology.”
Maxim's $65 million expansion of its San Antonio fab is part of the company's $200 million multiyear investment to upgrade its U.S. manufacturing facilities in Oregon, Texas and California. This investment is consistent with previously disclosed estimates for capital expenditures in Maxim's fiscal years 2012 and 2013.
Priyanka swami, EFYTIMES News Network
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