The Culture of Business
Happy to hear that Maxim Integrated Products is planning an expansion of their manufacturing operations in San Antonio:
Maxim Integrated Products Inc. is planning to invest $65 million to expand its San Antonio semiconductor fabrication facility as part of a larger nationwide expansion plan.
Maxim, which is headquartered in Silicon Valley in California, purchased its 380,000-square-foot San Antonio facility from Philips Semiconductors Inc. in 2003. The facility currently employs 540 people and produces integrated circuits for electronic devices such as smart phones, tablet computers, automobile entertainment systems and industrial equipment.
Chris Michael, managing director of the local facility, says the quality of the employees and San Antonio’s business-friendly environment are the main reasons why Maxim is seeking to grow its local footprint.
“To keep pace with the technological needs of electronics designs, integrated circuits must continuously increase their complexities or the number of functions they perform,” Michael says. “Factories become outdated if the precision instruments used in the fabrication process do not keep pace with the market.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 acknowledgement of our San Antonio employees’ commitment and productivity.”
The expansion is part of a larger $200 million plan by Maxim to upgrade its U.S. manufacturing facilities in Oregon, Texas and California. Maxim has approximately 9,300 employees worldwide, of which nearly 1,400 are in Texas.
“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,” says San Antonio Mayor Julián Castro.