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Scintera, Pixtronix draw interest from Maxim's VC group

Posted: 14 Sep 2012 ?? ?Print Version ?Bookmark and Share

Keywords:Scintera? Pixtronix? corporate venture group? strategic investment opportunities?

Maxim Integrated Products Inc., maker of analog and mixed-signal chips, has established a corporate venture group with the aim of investing in startup companies and innovative technologies.

In its VC group's web site, Maxim revealed that it has already invested in Scintera Networks Inc. and MEMS display company Pixtronix Inc., which was recently bought by Qualcomm Inc.

Maxim's VC group will focus on automotive, industrial, mobility and communications, where technologies align with Maxim's business units in terms of collaboration. "Investments made through our new Corporate Venture Group effectively augment our successful, homegrown technology solutions and those we incorporate through acquisitions," Tunc Doluca, Maxim president and CEO, said in a statement. "These investments will also build upon our current technology strengths, allowing for diversification into emerging markets."

The Corporate Venture Group will be led by Yoon Choi. Prior to joining Maxim, Yoon worked at Samsung Ventures, where she was involved in business development, sourcing of strategic investment opportunities and the financial and business analysis of venture transactions.

Maxim did not disclose how much money it plans to invest in startups over what period of time.

- Peter Clarke
??EE Times

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