In line with its plans announced earlier on its conference call, analog IC-maker Maxim Integrated Products Inc. (MXIM) is injecting $200.0 million into its four wafer fabrication facilities in Beaverton, Oregon; Dallas and San Antonio, Texas; and San Jose, California. While Maxim did mention that the funds would be used for upgrading and modernizing its facilities, it did not specify how long this would take. However, the company expects fourth quarter capex to skew expectations for 2012 while capex for 2013 remains within the guided range. This seems to indicate that most of the charge will be taken in the fourth quarter itself and any additional expenditure will be spread out evenly over time. Maxim’s exposure to fast-growing markets, such as smartphone, tablets PC, factory-automation equipment and automotive requires the
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