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Maxim Sets Revenue Mark

SUNNYVALE, Calif. — Maxim Integrated Products, Inc. (Nasdaq:MXIM) reported record net revenue of $636 million for its fiscal 2012 first quarter ended September 24, 2011, a 1.5% increase from the $626.5 million revenue recorded in the prior quarter.

Tunc Doluca, President and Chief Executive Officer, commented, “Our customers are maintaining a cautious business outlook. End customers as well as the distribution channel are reducing inventory and order lead times. This is limiting our visibility into end demand, especially in our industrial and communications markets. However, Maxim's balanced business model of targeting profitable growth opportunities in all major markets has proved resilient. In the September quarter strong growth in our consumer business more than offset weakness in the industrial and communications markets.”

Read the full press release.

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