SUNNYVALE, CA–(EMWNews – August 7, 2008) – Maxim Integrated Products, Inc. (PINKSHEETS: MXIM) reported net revenue of $501.3 million for its fiscal 2008 fourth

quarter ending June 28, 2008. This is a 2.8% increase from the $487.4

million revenue recorded in the previous quarter and is a 1.6% increase

over the normalized revenue of the 14 week quarter from a year ago.

For the fiscal year ending June 28, 2008, the Company achieved record net

revenue of $2.051 billion, which is a 4.2% increase over the normalized

revenue from the previous 53 week fiscal year.

Balance Sheet Items

Total cash, cash equivalents and short-term investments increased by $14.8

million during the fourth quarter to $1.2 billion. Strong cash flow

generated from operations was primarily offset by $60.1 million for

payments of cash dividends and $36.2 million in payments for previously

acquired property and equipment.

Maxim is not currently providing detailed GAAP and non-GAAP financial

statements for the quarter and for the fiscal year ending June 28, 2008 due

to the previously announced requirement to restate its historical financial

statements to record additional non-cash, stock-based compensation expense

related to past stock-option grants. Consequently, limited financial data

is being presented.

Business Outlook

Maxim’s fiscal fourth quarter net realizable bookings and ending backlog

increased compared to the third quarter of fiscal 2008. The Company

projects revenue for the fiscal first quarter to be in the range of $500 to

$510 million.

Tunc Doluca, President and Chief Executive Officer, commented, “We

completed fiscal 2008 with a 44% improvement in new product introductions,

as measured by engineering content. This marks two consecutive years of

improvement and should serve as the catalyst for future growth. The

increase in our engineering productivity, the effectiveness of our recent

focus on margins, and the successful realignment of our business units give

Maxim management confidence that we will grow revenue and earnings when the

macro economic environment improves. Additionally, further reduction in

capital expenditures during fiscal 2009 should increase our free cash flow.

In light of this, I am pleased to announce that Maxim’s Board of Directors

has approved a 6.7% increase in our quarterly dividend from $0.1875 per

share to $0.20 per share.”

Dividend

The cash dividend for the fourth quarter of fiscal 2008 of $0.20 per share

will be paid on September 5, 2008 to stockholders of record on August 22,

2008.

                      MAXIM INTEGRATED PRODUCTS, INC.

                 SELECTED UNAUDITED FINANCIAL INFORMATION







                                           Three Months  Ended

                               -------------- -------------- --------------



                               June 28, 2008  March 29, 2008  June 30, 2007

                                                                   (1)

                               -------------- -------------- --------------

                                              (in thousands)



Net revenues                   $      501,267 $      487,410 $      531,108

                               ============== ============== ==============





                                June 28, 2008 March 29, 2008  June 30, 2007

                               -------------- -------------- --------------

                                              (in thousands)



Cash and cash equivalents (2)  $    1,013,119 $    1,203,360 $      577,068

Short-term investments                205,079              -        722,286

                               -------------- -------------- --------------

                               $    1,218,198 $    1,203,360 $    1,299,354

                               ============== ============== ==============



Accounts receivable, net       $      272,029 $      269,292 $      244,009

                               ============== ============== ==============



Additions to property, plant

 and equipment                 $       37,127 $       41,876 $      119,637

                               ============== ============== ==============



(1) The quarter ending 6/30/2007 was a 14 week quarter for Maxim.

Normalized to 13 weeks, the revenue during that quarter would have been

$493.2 million.



(2) Includes restricted cash of $14.3 million at March 29, 2008.



Note: Due to the pending restatement of the Company's historical financial

statements (see discussion in the release text), all financial numbers

presented in this release should be considered estimates and may be subject

to significant adjustment.

“Safe Harbor” Statement

Certain statements in this press release are forward-looking statements

within the meaning of the Private Securities Litigation Reform Act of 1995.

This includes the Company’s need to restate its historical financial

statements to record additional non-cash, stock-based compensation expense

related to past stock-option grants, the Company’s expectation that revenue

for the first quarter of fiscal 2009 will be in the range of $500 to $510

million and the Company’s belief that its 44% improvement in new product

introductions, as measured by engineering content, should serve as the

catalyst for future growth. In addition, forward-looking statements include

the Company’s belief that the increase in its engineering productivity, the

effectiveness of its recent focus on gross margins, and the successful

realignment of its business units give the Company’s management the

confidence to grow revenue and earnings when the macro economic environment

improves, as well as the Company’s anticipation that further reductions in

capital expenditures during fiscal year 2009 should increase the Company’s

free cash flow. These statements involve risk and uncertainty. Actual

results could differ materially from those forecasted based upon, among

other things, general market conditions and market developments that could

adversely affect the growth of the mixed-signal analog market product mix

shifts, customer cancellations and price competition, as well as other

risks described in the Company’s Annual Report on Form 10-K for the fiscal

year ended June 25, 2005. In addition, the risk that the matters described

in this press release could divert management’s attention from operations,

and the fact that expenses arising from the restatement, related private

litigation, and other associated activities are expected to be significant.

All forward-looking statements included in this news release are made as of

the date hereof, based on the information available to the Company as of

the date hereof, and the Company assumes no obligation to update any

forward-looking statement.

About Maxim

Maxim Integrated Products is a publicly traded company that designs,

manufactures, and sells over $2 billion of high-performance semiconductor

products annually. It 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, Maxim has developed over 5,700

products serving the Industrial, Communications, Consumer, and Computing

markets. For more information, go to www.maxim-ic.com.

Contact: Paresh Maniar Executive Director, Investor Relations (408) 470-5348