LONDON – Analog and mixed-signal chip company Maxim Integrated Products Inc. (San Jose, Calif.) has announced it has established a corporate venture group to invest in startup companies and innovative technologies.
Maxim revealed through the VC group's website that it has already invested in Scintera Networks Inc. and MEMS display company Pixtronix Inc., recently acquired by Qualcomm Inc.
The areas of interest for Maxim's VC group include 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, home-grown technology solutions and those we incorporate through acquisitions," said Tunc Doluca, Maxim president and CEO, 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.
Related links and articles:www.maxim-ic.com/venturegroup
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