Maxim Invests $65M to Expand San Antonio Facility
- Jul 02, 2012
Maxim Integrated Products Inc., a Fortune 1000 semiconductor company headquartered in Silicon Valley, will invest approximately $65 million to expand its semiconductor fabrication facility in San Antonio.
Purchased in 2003 from Philips Semiconductors Inc., the 380,000-square-foot facility will also undergo an equipment upgrade as part of the same investment, according to a company news release.
“The quality of our employees and San Antonio’s business-friendly approach made it easy for Maxim to decide to grow its footprint in this community”, said Chris Michael, Managing Director of Maxim’s San Antonio facility.
Maxim was recently recognized by the San Antonio Water System with a “Refreshing Ideas Award” acknowledging its effective methods to reduce water consumption. Maxim’s “Quadruple Dividends” project helped the company save 55 million gallons of water annually through changes such as condensation harvesting, third-stage reverse osmosis and analytical reclaim, according to the news release.
The $65 million expansion of the fab facility is part of the company’s $200 million multiyear investment to upgrade its U.S. manufacturing facilities in Oregon, Texas and California. This investment is consistent with previously disclosed estimates for capital expenditures in Maxim’s fiscal years 2012 and 2013.
Meanwhile, Kinetic Concepts Inc. officially opened its new 100,000-square-foot headquarters building at 12930 Interstate 10 West, according to the San Antonio Express – News. The new, smaller building is expected to be more energy efficient and to house 300 employees. The remainder of the approximately 1,700 employees will occupy four other buildings in the city. In the previous office, the company occupied 170,000 square feet of office space.
Photo credits: PR Newswire
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