Maxim sets up corporate venture group to fund strategic investments
Maxim Integrated Products has established a Corporate Venture Group to invest in startup companies and innovative technologies. The move is said to allow the company to make strategic investments that will seed technologies aligning with its focus areas, products, and initiatives, and facilitate partnering with smaller companies.
"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, pictured, Maxim's president and ceo. "These investments will also build upon our current technology strengths, allowing for diversification into emerging markets."
The Group will be led by Yoon Choi. Prior to joining Maxim, Yoon 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.
With a focus on technology for markets such as automotive, industrial, mobility and communications, the Corporate Venture Group will provide partners with capital and the opportunity to collaborate with Maxim on mutually beneficial products and technologies.
