- Maxim reported another better-than-expected quarter, as strong auto and industrial growth are fueling better revenue growth but not materially stronger operating leverage.
- Auto and industrial markets can support a long run of above-average growth, with volume and content growth opportunities in EVs, auto ADAS, automation/robotics, and industrial IoT.
- Delays in Chinese approval are becoming commonplace in tech deals, but there are automatic extension clauses in the merger agreement through January of 2022 and deal approval still seems likely.
- Maxim shares offer a discounted entry price for Analog Devices shares, but there's also solid standalone value to support the shares if the deal should collapse.
For further details see:
Maxim Integrated's Standalone Value Limits Downside Risk From The ADI Deal