Maxim creates venture group to invest in technology start-ups
Maxim Integrated Products has created a Corporate Venture Group to invest in startup companies.
The semiconductor company plans to make strategic investments to seed technologies which are aligned with its own product and market areas including automotive, industrial, mobility and communications.
The Corporate Venture Group will provide partner companies with financial capital for growth and expansion as well as the opportunity to collaborate with Maxim on products and technologies.
“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 CEO.
“These investments will also build upon our current technology strengths, allowing for diversification into emerging markets,” said Doluca.
Maxim’s Corporate Venture Group will be led by Yoon Choi, who most recently worked at Samsung Ventures.
Prior to Samsung Ventures, Yoon worked at PricewaterhouseCoopers and startup companies.