SUNNYVALE, Calif., March 17, 2011 (GLOBE NEWSWIRE) -- Maxim Integrated Products, Inc. (Nasdaq:MXIM) reported no structural damage to its partner facility, Seiko Epson, as a result of the catastrophic earthquake in Japan. However, a regional power outage has affected production at the facility located in Sakata, Japan.
The Seiko Epson facility provided approximately 15 percent of Maxim's wafer starts last quarter. All products manufactured at Seiko Epson can be manufactured at other facilities, which have sufficient excess capacity. Therefore, Maxim has already begun shifting production from the Japan facility to its internal fabs and other foundry partners.
Maxim expects no material impact to revenue for the current quarter, which ends on March 26, 2011. The company is assessing potential exposure to June quarter revenue from manufacturing delays at Seiko Epson as well as global supply chain issues at Maxim and its customers. The company will include any impact to the June quarter results in its earnings guidance, which it will provide on April 21, 2011.
About Maxim
Maxim Integrated Products is a publicly traded company that designs, manufactures, and sells high-performance semiconductor products. The Company was founded over 25 years ago with the mission to deliver innovative analog and mixed-signal engineering solutions that add value to its customers' products. To date, it has developed over 6500 products serving the industrial, communications, consumer, and computing markets.
Maxim reported revenue of approximately $1.92 billion for fiscal 2010. A Fortune 1000 company, Maxim is included in the Nasdaq 100, the Russell 1000, and the MSCI USA indices. For more information, go to .
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CONTACT: Media Contact: LuAnn Jenkins Walden (408) 530-6141 luann.walden@maxim-ic.com Financial Contact: Paresh Maniar (408) 470-5348 paresh.maniar@maxim-ic.com