MaxLinear

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MaxLinear, Inc.
Public
Traded as
Founded 2003[1]
Founder Dr. Kishore Seendripu
Dr. Curtis Ling
Headquarters Carlsbad, California, U.S.
Key people
Kishore Seendripu (Chair, CEO)[1]
Curtis Ling (CTO)[2]
Products Broadband mixed-signal semiconductors
Website www.maxlinear.com

MaxLinear is an American hardware company. Founded in 2003,[1] it provides highly integrated radio-frequency (RF) analog and mixed-signal semiconductor solutions for broadband communications applications. It is a New York Stock Exchange-traded company.

History[edit]

Founding and growth[edit]

MaxLinear was founded in 2003[1] in Carlsbad, California[3] by "eight semiconductor industry veterans."[2] Kishore Seendripu was co-founder, and would become chairman, president, and chief executive. Among other companies, in the past Seendripu had worked on the technical staff at Broadcom.[1] Prior to 2009, the majority of the company's revenue was from the sale of its "mobile handset digital television receivers" which contained MaxLinear's digital television RF receiver chips, in Japan. The biggest customers for the product were Panasonic, Murata, and MTC[disambiguation needed]. However, in 2009, the company sold more chips for use in digital set top boxes in Europe, automotive navigation displays, and digital TVs.[2] In 2009, the company shipped 75 million chips to companies such as Panasonic and Sony,[4] with 99 percent of its sales in Asia.[2]

In November 2009, MaxLinear announced it intended to go public.[1] At the time of the IPO, MaxLinear’s venture investors included Mission Ventures in San Diego, U.S. Venture Partners, Battery Ventures and UMC Capital.[5] MaxLinear raised around $35 million in venture capital prior to the IPO, spending around half of it. By the end of 2009, the company had $17.9 million in cash.[1] That year, MaxLinear had $51.4 million in revenue and $4.3 million in profit.[1]

IPO[edit]

The company held an initial public offering on March 24, 2010[1][5] on the New York Stock Exchange (NYSE).[3] under the ticker symbol MXL. Initially the company expected to raise around $43 million with the IPO, with that projection later raised to $90 million after a last-minute increase in share price by the company.[5] Writes the San Diego Union-Tribune, "shares soared 34 percent on their debut. MaxLinear collected about $92 million from the offering, with its shares opening at $14 and peaking at $18.70 on the first day of trading."[1] After the debut, MaxLinear said it planned to use the proceeds for "general corporate purposes," and perhaps for acquiring competitor businesses or products.[4]

Recent[edit]

By May 2010, the company employed 135 people.[1] In May 2015, MaxLinear acquired Entropic Communications. In April 2016, MaxLinear bought Microsemi's wireless backhaul business, adding about 30 workers to its workforce. In May 2016, MaxLinear announced it would buy Broadcom's "wireless backhaul infrastructure for 80 million in cash," in what was its second acquisition for the year. In the Broadcom deal, MaxLinear took on about 120 additional employees.[3] On March 29, 2017, MaxLinear Inc. announced it would buy Exar Corporation for about $661.6 million cash.[6] As of 2017, MaxLinear is on the Multimedia over Coax Alliance board of directors as well as Arris, Broadcom, Comcast, Cox Communications, DirecTV, Echostar, Intel, and Verizon.[7]

Facilities and employees[edit]

MaxLinear is based in Carlsbad, California,[3] with research and development centers in Irvine, California, China and India.[citation needed] A "fabless" company, it uses outside chipmaking facilities, known as foundries or fabs, to manufacture its chips.[citation needed] By 2010, it used "third-party contractors in Asia for manufacturing and assembly," with all its chips made by United Microelectronics Corporation (UMC) at foundries in Taiwan and Singapore.[2] As of early March 2010, the company had 177 employees, with most in R&D.[2]

Products[edit]

MaxLinear sells its products to original equipment manufacturers (OEMs), module makers and original design manufacturers (ODMs).[citation needed] The San Diego Union-Tribune writes that "MaxLinear’s product is very small radio-frequency TV tuner chips — half the size of an individual dial button on the keypad of a cell phone."[4] According to Xconomy, "MaxLinear focuses on designing semiconductor chips that enable people to watch TV on devices with a wireless broadband connection."[5] The "tiny chips"[1] are further described as "high-performance radio frequency (RF) systems-on-a-chip for receiving and processing digital TV broadcasts, digital videos, and broadband data downloads," in order to "enable people to watch TV on a handheld wireless device."[2]

San Diego Union-Tribune writes that the company aims to "take over from bulky 'can' tuners in TVs and other electronics. It plans to get its chips into computers, set-top boxes, mobile phones and in-vehicle video systems."[4] Most of its customers were in Europe and Japan as of 2010, where the chips are used in "analog-to-digital set-top boxes."[4] They are also used in televisions, mobile phones, computers,[1] terrestrial digital[citation needed] and cable set-top boxes, car video systems,[1] DOCSIS 3.0 voice and data cable modems, digital televisions, and netbooks.[citation needed] The company designs its analog and mixed-signal circuits in standard CMOS process technology for low-cost manufacturing.[1]

Collaborations[edit]

In April 2013, SES S.A. announced the development by Inverto, Abilis and MaxLinear Inc of a prototype Sat-IP LNB (IP-LNB), which was demonstrated at a conference held at SES' headquarters in Luxembourg. The IP-LNB incorporates eight-channel satellite-to-IP bridging technology to deliver eight concurrent channels via IP unicast or multicast to fixed and portable client devices. As of July 2012, the prototype IP-LNB was being developed into a commercial product.[8]

See also[edit]

References[edit]

  1. ^ a b c d e f g h i j k l m n o Freeman, Mike (March 23, 2010). "MaxLinear IPO became a leap of faith". San Diego Union-Tribune. Retrieved 2010-12-16. 
  2. ^ a b c d e f g V. Bigelow, Bruce (March 19, 2010). "Fabless Chipmaker MaxLinear Prepares for Next Week’s Modest IPO". Xconomy. Retrieved April 1, 2017. 
  3. ^ a b c d Freeman, Mike (May 9, 2016). "MaxLinear doubles down on wireless infrastructure". San Diego Tribune. San Diego, California. Retrieved March 31, 2017. 
  4. ^ a b c d e Kupper, Thomas (March 25, 2010). "MaxLinear shares soar on debut". San Diego Union-Tribune. San Diego, California, United States. Retrieved April 1, 2017. 
  5. ^ a b c d Bigelow, Bruce V. (March 23, 2010). "MaxLinear IPO Prices Stock Above Range at $14 a Share". Xconomy San Diego. Retrieved 2010-12-16. 
  6. ^ Jamerson, Joshua (March 29, 2017). "Chip Company MaxLinear to Buy Exar for $661.6 Million". Wall Street Journal. New York City, New York, United States. Retrieved March 30, 2017. 
  7. ^ "MoCA Members". MoCAlliance.org. Retrieved April 1, 2017. 
  8. ^ "SES, Inverto, Abilis and MaxLinear revolutionise satellite TV home distribution with industry’s first IP-LNB" (Press release). SES. April 22, 2013. Retrieved July 24, 2012. 

External links[edit]