Maxim Integrated Products has established a Corporate Venture Group to invest in startup companies and innovative technologies. Through the new Corporate Venture Group, Maxim said that it would be making strategic investments in seed technologies that align with the company’s focus areas, products, and initiatives, and facilitate partnering for Maxim’s business units with smaller companies.
Focusing on technology for markets including automotive, industrial, mobility and communications, Maxim’s Corporate Venture Group will provide partner companies with financial capital for growth and expansion as well as the opportunity to collaborate with Maxim on mutually beneficial products and technologies. The goal is to further Maxim as the leader in key markets while enhancing its business model, which balances high-growth markets (e.g. mobility and computing) with stable markets (e.g. industrial and communications).
“Investments made through our new Corporate Venture Group effectively augment our successful, home-grown technology solutions and those we incorporate through acquisitions,” said Tunç Doluca, Maxim President and Chief Executive Officer. “These investments will also build upon our current technology strengths, allowing for diversification into emerging markets.”
Maxim’s Corporate Venture Group will be led by Yoon Choi, Venture Investment Lead. Prior to joining Maxim, Yoon was actively involved in the venture capital community. Most recently, she worked at Samsung Ventures, where she was actively involved in business development, sourcing of strategic investment opportunities and the financial and business analysis of venture transactions. Prior to Samsung Ventures, Yoon worked at PricewaterhouseCoopers and startup companies.
Maxim’s Corporate Venture Group is an integral part of the company’s Corporate Business Development Group, which focuses on mergers and acquisitions, strategic alliances, investments and divestitures.