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Maxim’s Japan Facility Not Damaged

SUNNYVALE, Calif. — 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.

{complink 3297|Maxim Integrated Products Inc.}

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