Analog Devices, Inc. - ADI STOCK NEWS

Analog Devices, Inc. (ADI) and UMass Lowell have inaugurated the Analog Devices RF/Microwave Learning Lab to enhance education in RF and microwave technologies. The lab, funded by a $125,000 grant from the Analog Devices Foundation and equipped with $165,000 in lab equipment from ADI, supports engineering students' hands-on learning. Located in Ball Hall, the lab aims to prepare students for careers in industries such as aerospace and communications, showcasing ADI's commitment to fostering future engineering talent.

Analog Devices, Inc. (NASDAQ: ADI) has announced its collaboration with AUO Corporation to implement an industry-first matrix LED driver technology in automotive widescreen displays. This innovation facilitates local dimming, enhancing power efficiency by at least 50% while maintaining functional safety. With increasing automation and the transition to electric vehicles, this development aims to elevate the in-cabin experience. The technology, utilizing the MAX25500 LED driver, integrates advanced features for high resolution and reliable diagnostics, underscoring ADI's commitment to safety and performance in automotive applications.

Analog Devices, Inc. (NASDAQ: ADI) will release its fourth quarter and fiscal year 2022 financial results on November 22, 2022, at 7:00 a.m. Eastern time. Following the announcement, a conference call will be held at 10:00 a.m. Eastern time, featuring CEO Vincent Roche, CFO Prashanth Mahendra-Rajah, and VP of Investor Relations Michael Lucarelli. Investors can access the live call via the Investor Relations website. The press release and archived webcast will also be available post-call.

Analog Devices (ADI) and Keysight Technologies (KEYS) have announced a collaboration to enhance the adoption of phased array technology, crucial for satellite communication, radar, and sensing systems. Their combined solutions aim to streamline development stages, featuring Analog Devices' phased array platforms and Keysight's advanced measurement solutions. This partnership promises to cut test times drastically and improve measurement speeds by up to 70 times, facilitating faster market entry for customers. This collaboration signifies a substantial push towards next-generation wireless applications.

Analog Devices, Inc. (ADI) announced the expiration of its Exchange Offer and Consent Solicitation for 3.450% Senior Notes due 2027 issued by Maxim Integrated Products, Inc. As of October 5, 2022, approximately $440,212,000 of $500,000,000 in Maxim Notes were validly tendered, representing 88.04% of the total. Eligible holders will receive $1,000 in ADI Notes for each $1,000 principal amount of Maxim Notes exchanged, plus $1.00 in cash. The settlement is expected on October 7, 2022.

Analog Devices (ADI) announced that its subsidiary Maxim Integrated Products has received enough consents to adopt amendments to the indenture governing its 3.450% Senior Notes due 2027. This decision follows the initiation of an Exchange Offer, commenced on September 8, 2022, to exchange up to $500 million in outstanding Maxim Notes for new ADI Notes and cash. As of the Early Tender Date on September 21, 2022, $438.2 million of the $500 million total has been validly tendered. The Exchange Offer will expire on October 5, 2022.

Analog Devices (ADI) announced that CEO Vincent Roche will speak at the JPMorgan 13th Annual U.S. All Stars Conference in London, England, on Tuesday, September 20, 2022, at 10:00 a.m. British Summer Time. Investors can access the live webcast via the Investor Relations section of Analog Devices' website, with an archived replay available afterward. Analog Devices, headquartered in Wilmington, MA, delivers over 75,000 products, serving 125,000 customers globally across industrial, communications, automotive, and consumer markets.

Analog Devices, Inc. has priced an underwritten public offering of $300 million in 4.250% Senior Notes due October 1, 2032. The notes were priced at 99.360% of their principal amount, with the offering expected to close on September 15, 2022. Proceeds will be utilized for general corporate purposes, including capital expenditures, stock repurchases, debt repayment, and potential acquisitions. This offering is made under an effective registration statement with the SEC.

Analog Devices, Inc. (ADI) announced a private exchange offer for its outstanding 3.450% Senior Notes due 2027, aiming to exchange up to $500,000,000 in new notes. Eligible holders can receive $970 principal of new ADI Notes plus $1.00 cash for each $1,000 of Maxim Notes. The offer, which also includes a consent solicitation to amend the indenture, will expire on October 5, 2022. The ADI Notes will share interest rates and maturity dates with the existing notes but will rank effectively subordinated compared to secured debt.