Maxim Extends Its Distribution Agreement With TOMEN Electronics Group to Include...
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Maxim Extends Its Distribution Agreement With TOMEN Electronics Group to Include
Japan
SUNNYVALE, Calif., June 29, 2009 (GLOBE NEWSWIRE) -- Maxim Integrated Products
(Nasdaq:MXIM) today announced that it has expanded its distribution agreement
with the TOMEN Electronics Group to include Japan effective immediately. This
expanded distribution agreement builds upon the Companies' existing successful
relationship in China, India, and ASEAN countries.*
Maxim has been engaged with TOMEN Electronics Group as a distributor in Asia for
several years. TOMEN Electronics Group has earned a reputation as a reliable,
well-managed distributor in Japan. "We were already working with TOMEN
Electronics Group," explained Matt Murphy, Maxim's Vice President of Worldwide
Sales, "so it made sense to expand our relationship into a new country where
they were already a success."
The Japanese analog IC market is broad in nature. TOMEN Electronics Group is
already engaged with most major OEMs and is well positioned in the broad
customer base. TOMEN Electronics Group also has a strong presence in the
automotive, consumer, gaming, communications, and industrial markets. "Our
companies align well on the end markets Maxim is targeting," Murphy continued.
TOMEN Electronics Group fits Maxim's strategies well, has successful experience
with demand-creation, and has the infrastructure to track Japanese-based designs
to their manufacturing locations throughout Asia. Their close collaboration with
customers will vastly increase the penetration of Maxim's innovative analog and
mixed-signal engineering solutions in this market. "TOMEN Electronics Group has
been an effective distributor for us in Asia, and I am pleased to see the
relationship expand into the Japanese market," Murphy concluded.
About TOMEN Electronics Group
Founded in 1972, TOMEN Electronics Corporation is a leading semiconductor
distributor in Japan, China, India, and the ASEAN markets. The Company trades
with more than 50 foreign suppliers and serves over 1000 companies in a wide
range of areas such as automotive, computing, communications, and white goods.
About Maxim Integrated Products
Maxim Integrated Products is a publicly traded company that designs,
manufactures, and sells high-performance semiconductor products. The Company
reported revenue in excess of $2 billion for fiscal 2008. Maxim was founded over
25 years ago with the mission to deliver innovative analog and mixed-signal
engineering solutions that add value to its customers' products. To date, it has
developed over 6000 products serving the industrial, communications, consumer,
and computing markets. For more information, go to www.maxim-ic.com.
The Maxim Integrated Products, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5753
* The ASEAN countries include Brunei, Cambodia, Indonesia, Laos, Malaysia,
Singapore, Thailand, Vietnam, Myanmar, and Philippines.
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CONTACT: Maxim Integrated Products
Paresh Maniar, Executive Director, Investor Relations
(408) 470-5348
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