“[This] brings together two of the strongest business and technology franchises in the semiconductor industry,” said Vincent Roche, Analog Devices’ president and CEO. “We are creating an unparalleled innovation and support partner for our industrial, automotive and communications infrastructure customers, and I am very excited about what this acquisition means for our customers, our employees and our industry. ”
According to the companies, their combination will create an industry leader across data converters, power management, amplifiers, interface, and RF and microwave products, with an addressable market of $14bn. The two also claim their combination of engineering excellence and domain expertise will accelerate innovation and opportunities in the industrial, automotive and communications infrastructure markets.
Bob Swanson, Linear’s executive chairman and who cofounded the company, added: “This combination of Linear Technology and Analog Devices has the potential to create a combination where one plus one truly exceeds two. By combining our complementary areas of technology strength, we have an excellent opportunity to reinforce our leadership across the analogue and power semiconductor markets.”
The Linear Technology brand will continue to serve as the brand for Analog Devices’ power management offerings.
Roche concluded: “We have tremendous respect and admiration for the franchise created by Linear Technology. I have no doubt that the combination of our two companies will create a trusted leader in our industry, capable of generating tremendous value for all of our stakeholders.”