MXIM - Analog Devices Betting That Bigger Is Better

Relative to, say, Broadcom (AVGO), Analog Devices (ADI) has been an infrequent acquirer in a semiconductor industry that has long seen significant consolidation and M&A activity. When they do act, though, they tend to make meaningful deals that pay dividends down the road (Hittite and Linear Tech). In looking to acquire Maxim (MXIM), I believe Analog is focusing relatively less on technology and know-how this time around in favor of a more scale-driven M&A argument.

I’m not worried about Analog executing on this deal, even if it does seem

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