Nature of Operations

12 Months Ended

Jun. 27, 2020

Nature of Operations [Abstract]

Nature of Operations [Text Block]

NATURE OF OPERATIONS

Maxim Integrated Products, Inc. (“Maxim Integrated," the “Company,” “we,” “us” or “our”), incorporated in Delaware, designs, develops, manufactures, and markets a broad range of linear and mixed-signal integrated circuits, commonly referred to as analog circuits, for a large number of customers in diverse geographical locations. The Company also provides a range of high-frequency process technologies and capabilities for use in custom designs. The analog market is fragmented and characterized by diverse applications and a great number of product variations with varying product life cycles. Maxim Integrated is a global company with a manufacturing facility in the United States, testing facilities in the Philippines and Thailand, and sales and circuit design offices throughout the world. Integrated circuit assembly is performed by foreign assembly subcontractors, located in countries throughout Asia, where wafers are separated into individual integrated circuits and assembled into a variety of packages. The major end-markets in which the Company's products are sold are the automotive, communications and data center, consumer, and industrial markets.

The Company has a 52-to-53-week fiscal year that ends on the last Saturday of June. Accordingly, every fifth or sixth year will be a 53-week fiscal year. The fiscal year ended June 27, 2020 was a 52-week fiscal year. Fiscal years 2019 and 2018 were 52-week and 53-week fiscal years, respectively. Fiscal years 2019 and 2018 ended on June 29, 2019, and June 30, 2018, respectively.