Maxim Integrated Products, a leading designer and manufacturer of semiconductor products with $2 billion in annual sales, announced that it will be moving its headquarters to North San Jose’s Golden Triangle. The company is currently based in Sunnyvale. The company employs about 9,200 people. Of these, 1,200 will move to San Jose during the first stage of the move, though the company promises that there are “many more to come.” The move is expected to be completed by 2012.
Maxim was founded in 1983 with $9 million in venture capital funding. It has posted a profit every year since 1987, and it went public in 1988. It was delisted from the NASDAQ in 2007 due to problems with stock option backdating. An investigation into the problem led to the resignation of the CEO and CFO. The company was relisted on the NASDAQ exactly one year later, in October 2008.