US chipmaker Analog swoops on rival Maxim to create $68bn firm

Analog Devices has snapped up rival semiconductor company Maxim Integrated Products to create a $68bn (£54bn) company in one of the largest takeovers of the year. The deal, which was rumoured over the weekend, will allow Analog to grow its chip-making capabilities for cars and mobile phones. Analog, which specialises in making sensors and signal processing chips, is reportedly paying $20bn for Maxim. The takeover has been approved by both companies' boards and is expected to close next sum