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MXIM - Analog Devices Looks To Be Turning It Around
Maxim Integrated Products Inc.
ADI grew for the first time after several quarters of revenue contracting YoY and the FY2021 forecast predicts growth can not only continue, but even accelerate.
The company is seeing increasing demand in all markets with 5G probably the biggest driver, especially with communications outperforming other segments in Q4.
It has counted on acquisitions to supplement lackluster organic growth and that could continue with the planned acquisition of MXIM.
ADI faces a lot of competitors, many of whom are after the same goals ADI is going for.