10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

[X]	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	For the quarterly period ended September 29, 2012

OR

[ ]	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	For the transition period from ________ to ________.

Commission file number 1-34192

MAXIM INTEGRATED PRODUCTS, INC.

(Exact name of Registrant as Specified in its Charter)

Delaware  (State or Other Jurisdiction of Incorporation or Organization) 94-2896096 (I.R.S. Employer I. D. No.)

160 Rio Robles

San Jose, California 95134

(Address of Principal Executive Offices including Zip Code)

(408) 601-1000

(Registrant's Telephone Number, Including Area Code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file reports), and (2) has been subject to such filing requirements for the past 90 days. YES [x] NO [ ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). YES [x] NO [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer [x] Accelerated filer [ ] Non-accelerated filer [ ]
(Do not check if a smaller reporting company) Smaller reporting company [ ]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). (Check one):

YES [ ] NO [x]

As of October 19, 2012 there were 291,584,856 shares of Common Stock, par value $.001 per share, of the registrant outstanding.

MAXIM INTEGRATED PRODUCTS, INC.

INDEX

PART I - FINANCIAL INFORMATION	Page
Item 1. Financial Statements (Unaudited)	3
Condensed Consolidated Balance Sheets as of September 29, 2012 and June 30, 2012	3
Condensed Consolidated Statements of Income for the Three Months Ended September 29, 2012 and September 24, 2011	4
Condensed Consolidated Statements of Comprehensive Income for the Three Months Ended September 29, 2012 and September 24, 2011	5
Condensed Consolidated Statements of Cash Flows for the Three Months Ended September 29, 2012 and September 24, 2011	6
Notes to Condensed Consolidated Financial Statements	7
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations	21
Item 3. Quantitative and Qualitative Disclosures About Market Risk	26
Item 4. Controls and Procedures	26
PART II - OTHER INFORMATION	26
Item 1. Legal Proceedings	26
Item 1A. Risk Factors	27
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	27
Item 3. Defaults Upon Senior Securities	27
Item 4. Mine Safety Disclosures	27
Item 5. Other Information	27
Item 6. Exhibits	28
SIGNATURES	29

2

Part I. FINANCIAL INFORMATION

Item 1. Financial Statements (Unaudited)

MAXIM INTEGRATED PRODUCTS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

	September 29, 2012			June 30, 2012
	(in thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	849,850		$	881,060
Short-term investments	75,283			75,326
Total cash, cash equivalents and short-term investments	925,133			956,386
Accounts receivable, net	316,538			317,461
Inventories	258,689			242,162
Deferred tax assets	71,561			98,180
Other current assets	94,875			85,177
Total current assets	1,666,796			1,699,366
Property, plant and equipment, net	1,359,882			1,353,606
Intangible assets, net	195,410			208,913
Goodwill	422,083			423,073
Other assets	60,403			52,988
TOTAL ASSETS	$	3,704,574		$	3,737,946
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	127,306		$	147,086
Income taxes payable	19,437			22,589
Accrued salary and related expenses	132,847			191,846
Accrued expenses	72,510			64,092
Current portion of long-term debt	303,272			303,496
Deferred income on shipments to distributors	27,025			26,280
Total current liabilities	682,397			755,389
Long-term debt	5,592			5,592
Income taxes payable	226,001			212,389
Deferred tax liabilities	195,893			198,502
Other liabilities	26,254			27,797
Total liabilities	1,136,137			1,199,669
Commitments and contingencies (Note 11)
Stockholders' equity:
Common stock and capital in excess of par value	292			293
Retained earnings	2,583,060			2,553,418
Accumulated other comprehensive loss	(14,915		)	(15,434		)
Total stockholders' equity	2,568,437			2,538,277
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	$	3,704,574		$	3,737,946

See accompanying Notes to Condensed Consolidated Financial Statements.

3

MAXIM INTEGRATED PRODUCTS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

	Three Months Ended
	September 29, 2012			September 24, 2011
	(in thousands, except per share data)
Net revenues	$	623,075		$	636,002
Cost of goods sold	237,384			240,529
Gross margin	385,691			395,473
Operating expenses:
Research and development	132,930			140,213
Selling, general and administrative	80,187			82,456
Intangible asset amortization	4,049			4,321
Impairment of long-lived assets	2,707			—
Severance and restructuring expenses	—			492
Other operating expenses (income), net	415			(4,389		)
Total operating expenses	220,288			223,093
Operating income	165,403			172,380
Interest and other income (expense), net	(5,742		)	(4,100		)
Income before provision for income taxes	159,661			168,280
Provision for income taxes	31,773			34,834
Net income	$	127,888		$	133,446
Earnings per share:
Basic	$	0.44		$	0.45
Diluted	$	0.43		$	0.44
Shares used in the calculation of earnings per share:
Basic	292,213			294,475
Diluted	298,782			301,076
Dividends paid per share	$	0.24		$	0.22

See accompanying Notes to Condensed Consolidated Financial Statements.

4

MAXIM INTEGRATED PRODUCTS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Unaudited)

	Three Months Ended
	September 29, 2012			September 24, 2011
	(in thousands)
Net income	$	127,888		$	133,446
Other comprehensive income, net of tax:
Unrealized gains (losses) on available-for-sale securities, net of tax benefit (expense) of $20 and $26, respectively	(35		)	(47		)
Unrealized gains (losses) on cash flow hedges, net of tax benefit (expense) of $(335) and $186, respectively	585			(325		)
Tax effect of the unrealized exchange gain (loss) on long-term intercompany receivables	(1,082		)	243
Unrealized gains (losses) on post-retirement benefits, net of tax benefit (expense) of $(99) and $(35), respectively	1,051			62
Other comprehensive income (loss)	519			(67		)
Total comprehensive income	$	128,407		$	133,379

See accompanying Notes to Condensed Consolidated Financial Statements.

5

MAXIM INTEGRATED PRODUCTS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

	Three Months Ended
	September 29, 2012			September 24, 2011
	(in thousands)
Cash flows from operating activities:
Net income	$	127,888		$	133,446
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation	22,497			23,465
Depreciation and amortization	53,674			52,071
Deferred taxes	22,772			39,845
Tax benefit (shortfall) related to stock-based compensation	1,335			1,428
Impairment of long lived assets	2,707			—
Excess tax benefit from stock-based compensation	(5,219		)	(2,821		)
Loss (gain) from sale of property, plant and equipment	(51		)	127
Changes in assets and liabilities:
Accounts receivable	923			(30,790		)
Inventories	(16,015		)	(9,799		)
Other current assets	(7,839		)	(11,840		)
Accounts payable	(26,466		)	4,882
Income taxes payable	10,461			3,698
Deferred income on shipments to distributors	745			(2,301		)
All other accrued liabilities	(50,667		)	(80,602		)
Net cash provided by operating activities	136,745			120,809
Cash flows from investing activities:
Purchase of property, plant and equipment	(50,703		)	(49,324		)
Proceeds from sale of property, plant and equipment	344			—
Acquisitions	—			(154,269		)
Net cash used in investing activities	(50,359		)	(203,593		)
Cash flows from financing activities:
Excess tax benefit from stock-based compensation	5,219			2,821
Repayment of notes payable	(224		)	(16,217		)
Net issuance of restricted stock units	(7,107		)	(7,016		)
Proceeds from stock options exercised	19,864			4,151
Repurchase of common stock	(65,149		)	(88,674		)
Dividends paid	(70,199		)	(64,781		)
Net cash used in financing activities	(117,596		)	(169,716		)
Net increase (decrease) in cash and cash equivalents	(31,210		)	(252,500		)
Cash and cash equivalents:
Beginning of period	881,060			962,541
End of period	$	849,850		$	710,041
Supplemental disclosures of cash flow information:
Cash paid (refunded), net during the period for income taxes	$	5,602		$	1,033
Cash paid for interest	$	98		$	239
Noncash financing and investing activities:
Accounts payable related to property, plant and equipment purchases	$	32,765		$	26,422

See accompanying Notes to Condensed Consolidated Financial Statements.

6

MAXIM INTEGRATED PRODUCTS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

NOTE 1: BASIS OF PRESENTATION

The accompanying unaudited condensed interim consolidated financial statements of Maxim Integrated Products, Inc. and all of its majority-owned subsidiaries (collectively, the "Company" or "Maxim Integrated") included herein have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (the "SEC"). Certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with generally accepted accounting principles of the United States of America ("GAAP") have been condensed or omitted pursuant to applicable rules and regulations. In the opinion of management, all adjustments considered necessary for fair presentation have been included. The year-end condensed balance sheet data were derived from audited consolidated financial statements but do not include all disclosures required by GAAP. The results of operations for the three months ended September 29, 2012 are not necessarily indicative of the results to be expected for the entire year. These condensed interim consolidated financial statements should be read in conjunction with the consolidated financial statements and the notes thereto included in the Annual Report on Form 10-K for the fiscal year ended June 30, 2012.

The Company has a 52-to-53-week fiscal year that ends on the last Saturday in June. Accordingly, every fifth or sixth fiscal year will be a 53-week fiscal year. Fiscal year 2013 is a 52-week fiscal year, fiscal year 2012 was a 53-week fiscal year.

NOTE 2: RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

In the first quarter of fiscal year 2013, the Company adopted Accounting Standards Update No. 2011-05, Comprehensive Income (Topic 220)-Presentation of Comprehensive Income and Accounting Standards Update No. 2011-12, Comprehensive Income (Topic 220)-Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05. The adoption of these amended standards impacted the presentation of other comprehensive income, as the Company elected to present two separate but consecutive statements, but did not impact our financial position or results of operations.

NOTE 3: BALANCE SHEET COMPONENTS

Accounts receivables, net consist of:

	September 29, 2012			June 30, 2012
Accounts Receivables:	(in thousands)
Accounts receivable	$	329,713		$	329,990
Returns and allowances	(13,175		)	(12,529		)
	$	316,538		$	317,461

Inventories consist of:

	September 29, 2012		June 30, 2012
Inventories:	(in thousands)
Raw materials	$	14,108	$	11,922
Work-in-process	160,442		149,603
Finished goods	84,139		80,637
	$	258,689	$	242,162

7

Property, plant and equipment, net consist of:

	September 29, 2012			June 30, 2012
Property, plant and equipment:	(in thousands)
Land	$	62,093		$	65,007
Buildings and building improvements	351,847			348,727
Machinery and equipment	2,142,734			2,105,905
	2,556,674			2,519,639
Less: accumulated depreciation and amortization	(1,196,792		)	(1,166,033		)
	$	1,359,882		$	1,353,606

NOTE 4: FAIR VALUE MEASUREMENTS

The FASB established a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. This hierarchy requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Three levels of inputs that may be used to measure fair value are as follows:

Level 1 - Quoted (unadjusted) prices in active markets for identical assets or liabilities.

The Company's Level 1 assets consist of money market funds.

Level 2 - Observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the asset or liability.

The Company's Level 2 assets and liabilities consist of certificates of deposit, government agency securities and foreign currency forward contracts.

Level 3 - Unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

The Company's Level 3 liabilities consist of contingent consideration related to certain acquisitions and assets classified as held for sale.

Assets and liabilities measured at fair value on a recurring basis were as follows:

	As of September 29, 2012								As of June 30, 2012
	Fair Value								Fair Value
	Measurements Using						Total		Measurements Using						Total
	Level 1		Level 2		Level 3		Balance		Level 1		Level 2		Level 3		Balance
	(in thousands)
Assets
Money market funds (1)	$	417,569	$	—	$	—	$	417,569	$	602,462	$	—	$	—	$	602,462
Certificates of deposit (1)	—		6,185		—		6,185		—		6,182		—		6,182
Government agency securities (2)	—		75,283		—		75,283		—		75,326		—		75,326
Foreign currency forward contracts (3)	—		1,007		—		1,007		—		642		—		642
Total Assets	$	417,569	$	82,475	$	—	$	500,044	$	602,462	$	82,150	$	—	$	684,612
Liabilities
Foreign currency forward contracts (4)	$	—	$	273	$	—	$	273	$	—	$	507	$	—	$	507
Contingent Consideration (4)	—		—		18,409		18,409		—		—		17,737		17,737
Total Liabilities	$	—	$	273	$	18,409	$	18,682	$	—	$	507	$	17,737	$	18,244

8

(1) Included in Cash and cash equivalents in the accompanying Condensed Consolidated Balance Sheets.

(2) Included in Short-term investments in the accompanying Condensed Consolidated Balance Sheets.

(3) Included in Other current assets in the accompanying Condensed Consolidated Balance Sheets.

(4) Included in Accrued expenses in the accompanying Condensed Consolidated Balance Sheets.

The tables below present reconciliations for liabilities measured and recorded at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three months ended September 29, 2012 and for the year ended June 30, 2012:

Fair Value Measured and Recorded Using Significant Unobservable Inputs (Level 3)
	September 29, 2012		June 30, 2012
Contingent Consideration	(in thousands)
Beginning balance	$	17,737	$	8,800
Total gains or losses (realized and unrealized):
Included in earnings	672		1,670
Additions	—		11,354
Payments	—		(4,087		)
Ending balance	$	18,409	$	17,737
Changes in unrealized gains or losses included in earnings related to liabilities still held as of period end	$	672	$	1,670

The valuation of contingent consideration is based on a probability weighted earnouts model which relies primarily on estimates of milestone achievements and discount rates applicable for the period expected payout. The most significant unobservable input used in the determination of estimated fair value of contingent consideration is the estimates on the likelihood of milestone achievements, which directly correlates to the fair value recognized in the Condensed Consolidated Balance Sheets.

The fair value of this liability is estimated quarterly by management based on inputs received from the Company's engineering and finance personnel. The determination of the milestone achievement is performed by the Company's engineering department and reviewed by the accounting department. Potential valuation adjustments are made as the progress toward achieving milestones becomes determinable, with the impact of such adjustments being recorded through Other operating expenses (income), net. 

During the three months ended September 29, 2012 and the year ended June 30, 2012, there were no transfers in or out of Level 3 from other levels in the fair value hierarchy.

Assets measured at fair value on a non-recurring basis were as follows:

As of September 29, 2012, long-lived assets held for sale were written down to their fair value, less cost to sell of $3.9 million, resulting in an impairment loss of $2.7 million, which was included in earnings for the period. The impairment charge was measured using Level 3 inputs. The Company reached its conclusion regarding the asset impairment after conducting an evaluation of assets fair values. The fair value of the land and buildings was determined mainly after consideration of evidence such as comparable property listings, recent sales, and offers received. Please refer to Note 15: "Impairment of long-lived assets" of these Notes to Condensed Consolidated Financial Statements.

As of June 30, 2012, long-lived assets held for sale were written down to their fair value, less cost to sell of $19.7 million, resulting in an impairment loss of $22.4 million, which was included in earnings for the period. The impairment charge was measured using Level 3 inputs. The Company reached its conclusion regarding the asset impairment after conducting an evaluation of assets fair values. The fair value of the land and buildings was determined mainly after consideration of evidence such as appraisals and offers received. Please refer to Note 15: "Impairment of long-lived assets" of these Notes to Condensed Consolidated Financial Statements.

NOTE 5: FINANCIAL INSTRUMENTS

Short-term investments

9

Fair values were as follows:

	September 29, 2012								June 30, 2012
	Amortized Cost		Gross Unrealized Gain		Gross Unrealized Loss		Estimated Fair Value		Amortized Cost		Gross Unrealized Gain		Gross Unrealized Loss		Estimated Fair Value
	(in thousands)
Available-for-sale investments
Government agency securities	$	75,021	$	262	$	—	$	75,283	$	75,007	$	319	$	—	$	75,326
Total available-for-sale investments	$	75,021	$	262	$	—	$	75,283	$	75,007	$	319	$	—	$	75,326

In the three months ended September 29, 2012 and the year ended June 30, 2012, Maxim Integrated did not recognize any impairment charges on short-term investments.

The government agency securities have maturity dates between February 26, 2013 and December 18, 2013.

Derivative instruments and hedging activities

Foreign Currency Risk

The Company generates revenues in various global markets based on orders obtained in non-U.S. currencies, primarily the Japanese Yen, the Euro and the British Pound. Maxim Integrated incurs expenditures denominated in non-U.S. currencies, principally the Philippine Peso and Thai Baht associated with the Company's manufacturing activities in the Philippines and Thailand, respectively, and expenditures for sales offices and research and development activities undertaken outside of the U.S. Maxim Integrated is exposed to fluctuations in foreign currency exchange rates primarily on orders and accounts receivable from sales in these foreign currencies and cash flows for expenditures in these foreign currencies. Maxim Integrated has established risk management strategies designed to reduce the impact of volatility of future cash flows caused by changes in the exchange rate for these currencies. These strategies reduce, but do not entirely eliminate, the impact of currency exchange rates movements. Maxim Integrated does not use derivative financial instruments for speculative or trading purposes. The Company routinely hedges its exposures to certain foreign currencies with various financial institutions in an effort to minimize the impact of certain currency exchange rate fluctuations. If a financial counterparty to any of the Company's hedging arrangements experiences financial difficulties or is otherwise unable to honor the terms of the foreign currency hedge, the Company may experience financial losses.

For derivative instruments that are designated and qualify as cash flow hedges under Accounting Standards Codification ("ASC") No. 815-Derivatives and Hedging, the effective portion of the gain or loss on the derivative is reported as a component of accumulated other comprehensive loss and reclassified into earnings into the same financial statement line as the item being hedged, and in the same period or periods during which the hedged transaction affects earnings. Gains and losses on the derivative representing either hedge ineffectiveness or hedge components excluded from the assessment of effectiveness are recognized in interest and other income (expense), net.

For derivative instruments that are not designated as hedging instruments under ASC No. 815, gains and losses are recognized in interest and other income (expense), net. All derivatives are foreign currency forward contracts to hedge certain foreign currency denominated assets or liabilities. The gains and losses on these derivatives largely offset the changes in the fair value of the assets or liabilities being hedged.

Fair Value of Derivative Instruments in the Condensed Consolidated Balance Sheets

Maxim Integrated estimates the fair value of derivatives primarily based on pricing models using current market rates and records all derivatives on the balance sheet at fair value. The gross notional and the recorded fair value of derivative financial instruments in the Condensed Consolidated Balance Sheets were as follows:

10

	As of September 29, 2012						As of June 30, 2012
	Gross Notional(1)		Other Current Assets		Accrued Expenses		Gross Notional (1)		Other Current Assets		Accrued Expenses
	(in thousands)
Derivatives designated as hedging instruments
Cash flow hedges:
Foreign exchange contracts	$	59,107	$	751	$	140	$	37,955	$	150	$	459
Derivatives not designated as hedging instruments
Foreign exchange contracts	56,069		256		133		35,105		492		48
Total derivatives	$	115,176	$	1,007	$	273	$	73,060	$	642	$	507

(1) Represents the face amounts of contracts that were outstanding as of September 29, 2012 and June 30, 2012, as applicable.

Derivatives designated as hedging instruments

The following table provides the balances and changes in the accumulated other comprehensive loss (income) related to derivative instruments during the three months ended September 29, 2012 and the year ended June 30, 2012.

	September 29, 2012			June 30, 2012
	(in thousands)
Beginning balance	$	309		$	(234	)
Gain (loss) reclassified to income	6			653
Loss (gain) recorded in other comprehensive loss	(926		)	(110		)
Ending balance	$	(611	)	$	309

Maxim Integrated expects to reclassify an estimated net accumulated other comprehensive gain of $0.4 million, net of taxes, to earnings in the next twelve months along with the earnings effects of the related forecasted transactions in association with cash flow hedges.

The before-tax effect of cash flow derivative instruments for the three months ended September 29, 2012 and September 24, 2011 was as follows:

	Loss (Gain) Reclassified from Accumulated OCI into Income (Effective portion)
		Three Months Ended
	Location	September 29, 2012			September 24, 2011
		(in thousands)
Cash Flow hedges:
Foreign exchange contracts	Net revenues	$	25		$	(243	)
Foreign exchange contracts	Cost of goods sold	252			195
Foreign exchange contracts	Operating expenses	(283		)	—
Total cash flow hedges		$	(6	)	$	(48	)

The before-tax effect of derivative instruments not designated as hedging instruments on the Condensed Consolidated Statements of Income for the three months ended September 29, 2012 and September 24, 2011 was as follows:

11

	Gain (Loss) Recognized in Income on Derivative Instrument
		Three Months Ended
	Location	September 29, 2012			September 24, 2011
		(in thousands)
Foreign exchange contracts	Interest and other expense, net	$	(1,696	)	$	529
Total		$	(1,696	)	$	529

Volume of Derivative Activity

Total net U.S. Dollar notional amounts for foreign currency forward contracts, presented by net currency purchase (sell), are as follows:

In United States Dollars	September 29, 2012			June 30, 2012
	(in thousands)
Euro	$	(19,550	)	$	(10,686	)
Japanese Yen	(4,917		)	(2,254		)
British Pound	(2,497		)	(575		)
Philippine Peso	22,472			15,443
Thai Baht	5,091			4,264
Total	$	599		$	6,192

Long-term debt

The following table summarizes the Company's long-term debt:

	September 29, 2012			June 30, 2012
	(in thousands)
3.45% fixed rate notes due June 2013	$	300,000		$	300,000
SensorDynamics Debt (Denominated in Euro)
Term fixed rate notes (2.0%-2.5%) due March 2013 to September 2015	6,285			6,285
Amortizing fixed rate notes (1.5%-2.75%) due up to June 2014	903			1,127
Amortizing floating rate notes (EURIBOR plus 1.5%) due up to June 2014	1,676			1,676
Total	308,864			309,088
Less: Current portion	(303,272		)	(303,496		)
Total long-term debt	$	5,592		$	5,592

On June 17, 2010, the Company completed a public offering of $300 million aggregate principal amount of the Company's 3.45% senior unsecured notes due on June 14, 2013 ("$300 million notes"), with an effective interest rate of 3.49%. Interest is payable semi-annually in arrears on June 14 and December 14 of each year. The $300 million notes are governed by base and supplemental indentures dated June 10, 2010 and June 17, 2010, respectively, between the Company and Wells Fargo Bank, National Association, as trustee.

In conjunction with the SensorDynamics acquisition as discussed in Note 13: "Acquisitions" of these Notes to Condensed Consolidated Financial Statements, Maxim Integrated acquired certain fixed and floating rate notes as detailed in the table above.

The Company accounts for all the notes above based on their amortized cost. The discount and expenses are being amortized to Interest and other income (expense), net over the life of the notes. Interest expense associated with the notes was $2.9 million and $2.8 million during the three months ended September 29, 2012 and September 24, 2011, respectively. The interest expense is recorded in Interest and other income (expense), net in the Condensed Consolidated Statements of Income.

12

The estimated fair value of Maxim Integrated's debt was approximately $315 million at September 29, 2012. The estimated fair value of the debt is based primarily on quoted market prices.

As of September 29, 2012, the Company had the capacity to issue an unspecified amount of additional debt securities, common stock, preferred stock, warrants, rights and units under its 2010 Shelf Registration Statement.

Credit Facility

On October 13, 2011, the Company entered into a $250 million senior unsecured revolving credit facility with certain institutional lenders that expires on October 13, 2016. The Company agreed to pay the lenders a facility fee at a rate per annum that varies based on the Company's debt rating. Any advances under the credit agreement will accrue interest at a base rate plus a margin based on the Company's debt rating. The credit agreement requires the Company to comply with certain covenants, including a requirement that the Company maintain a ratio of debt to EBITDA (earnings before interest, taxes, depreciation, and amortization) of not more than 3 to 1 and a minimum interest coverage ratio (EBITDA divided by interest expense) greater than 3.5 to 1. As of September 29, 2012, the Company had not borrowed any amounts under this credit facility.

Other Financial Instruments

For the balance of Maxim Integrated's financial instruments, cash equivalents, accounts receivable, accounts payable and other accrued liabilities, the carrying amounts approximate fair value due to their short maturities.

NOTE 6: STOCK-BASED COMPENSATION

The following table shows total stock-based compensation expense by type of award, and the resulting tax effect, included in the Condensed Consolidated Statements of Income for the three months ended September 29, 2012 and September 24, 2011:

Stock-based compensation expense by type of award
	Three Months Ended
	September 29, 2012		September 24, 2011
	(in thousands)
Stock options	$	3,782	$	4,000
Restricted stock units	16,500		17,390
Employee stock purchase plan	2,215		2,075
Pre-tax stock-based compensation expense	22,497		23,465
Less: income tax effect	4,832		5,459
Net stock-based compensation expense	$	17,665	$	18,006

The following table shows pre-tax stock-based compensation expense by income statement classification:

	Three Months Ended
	September 29, 2012		September 24, 2011
	(in thousands)
Cost of goods sold	$	2,988	$	3,257
Research and development	12,323		13,261
Selling, general and administrative	7,186		6,947
	$	22,497	$	23,465

Fair Value

The fair value of options granted to employees under the Company's 1996 Stock Incentive Plan and rights to acquire common

13

stock under the Company's 2008 Employee Stock Purchase Plan (the "ESPP") is estimated on the date of grant using the Black-Scholes option valuation model. The fair value of Restricted Stock Units ("RSUs") is estimated using the value of the Company's common stock on the date of grant, reduced by the present value of dividends expected to be paid on the Company's common stock prior to vesting.

Expected volatilities are based on the historical volatilities from the Company's traded common stock over a period equal to the expected term. The Company is utilizing the simplified method to estimate expected holding periods. The risk-free interest rate is based on the U.S. Treasury yield. The Company determines the dividend yield by dividing the annualized dividends per share by the prior quarter's average stock price. The result is analyzed by the Company to decide whether it represents expected future dividend yield. The Company also estimates forfeitures at the time of grant and makes revisions to forfeitures on a quarterly basis.

The fair value of share-based awards granted to employees has been estimated at the date of grant using the Black-Scholes option valuation model and the following weighted-average assumptions:

	1996 Stock Incentive Plan
	Three Months Ended
	September 29, 2012		September 24, 2011
Expected holding period (in years)	5.4		5.3
Risk-free interest rate	0.7	%	1.4	%
Expected stock price volatility	37.8	%	38.0	%
Dividend yield	3.3	%	3.2	%

The weighted-average fair value of stock options granted was $6.24 and $5.79 per share for the three months ended September 29, 2012 and September 24, 2011, respectively. The weighted-average fair value of RSUs granted was $24.31 and $19.69 per share for the three months ended September 29, 2012 and September 24, 2011, respectively.

Stock Options

The following table summarizes outstanding, exercisable and vested and expected to vest stock options as of September 29, 2012 and their activity for the three months ended September 29, 2012:

	Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in Years)	Aggregate Intrinsic Value (1)
Balance at June 30, 2012	24,234,994		$	25.20
Options Granted	2,530,804		27.26
Options Exercised	(1,098,144	)	17.47
Options Cancelled	(928,478	)	34.90
Balance at September 29, 2012	24,739,176		$	25.39	3.7	$	130,703,636
Exercisable, September 29, 2012	12,813,102		$	29.72	2.2	$	49,479,720
Vested and expected to vest, September 29, 2012	23,149,811		$	25.56	3.6	$	123,286,805

(1) Aggregate intrinsic value represents the difference between the exercise price and the closing price per share of the Company's common stock on September 28, 2012, the last business day preceding the fiscal quarter-end, multiplied by the number of options outstanding, exercisable or vested and expected to vest as of September 29, 2012.

As of September 29, 2012, there was $42.8 million of total unrecognized stock compensation cost related to 11.9 million unvested stock options, which is expected to be recognized over a weighted average period of approximately 3.1 years.

Restricted Stock Units

The following table summarizes outstanding and expected to vest RSUs as of September 29, 2012 and their activity during the

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three months ended September 29, 2012:

	Number of Shares		Weighted Average Remaining Contractual Term (in Years)	Aggregate Intrinsic Value (1)
Balance at June 30, 2012	8,923,454
Restricted stock units granted	2,392,659
Restricted stock units released	(822,458	)
Restricted stock units cancelled	(165,545	)
Balance at September 29, 2012	10,328,110		3.0	$	285,375,233
Vested and expected to vest, September 29, 2012	8,966,075		2.9	$	246,656,725

(1) Aggregate intrinsic value for RSUs represents the closing price per share of the Company's common stock on September 28, 2012, the last business day preceding the fiscal quarter-end, multiplied by the number of RSUs outstanding or expected to vest as of September 29, 2012.

The Company withheld shares totaling $7.1 million in value as a result of employee withholding taxes based on the value of the RSUs on their vesting date as determined by the Company's closing stock price for the three months ended September 29, 2012. The total payments for the employees' tax obligations to the taxing authorities are reflected as financing activities within the Condensed Consolidated Statements of Cash Flows.

As of September 29, 2012, there was $153.3 million of unrecognized compensation expense related to 10.3 million unvested RSUs, which is expected to be recognized over a weighted average period of approximately 3.0 years.

Employee Stock Purchase Plan

As of September 29, 2012, there was $3.0 million of unrecognized compensation expense related to the ESPP.

NOTE 7: EARNINGS PER SHARE

Basic earnings per share are computed using the weighted average number of shares of common stock outstanding during the period. For purposes of computing basic earnings per share, the weighted average number of outstanding shares of common stock excludes unvested RSUs. Diluted earnings per share incorporates the incremental shares issuable upon the assumed exercise of stock options, assumed release of unvested RSUs and assumed issuance of common stock under the employee stock purchase plans using the treasury stock method.

The following table sets forth the computation of basic and diluted earnings per share.

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	Three Months Ended
	September 29, 2012		September 24, 2011
	(in thousands, except per share data)
Numerator for basic earnings per share and diluted earnings per share
Net income	$	127,888	$	133,446
Denominator for basic earnings per share	292,213		294,475
Effect of dilutive securities:
Stock options, ESPP and RSUs	6,569		6,601
Denominator for diluted earnings per share	298,782		301,076
Earnings per share
Basic	$	0.44	$	0.45
Diluted	$	0.43	$	0.44

Approximately 11.0 million and 13.8 million stock options were excluded from the calculation of diluted earnings per share for the three months ended September 29, 2012 and September 24, 2011, respectively. These options were excluded because they were determined to be antidilutive. However, such options could be dilutive in the future and, under those circumstances, would be included in the calculation of diluted earnings per share.

NOTE 8: SEGMENT INFORMATION

The Company operates and tracks its results in one reportable segment. The Company designs, develops, manufactures and markets a broad range of linear and mixed signal integrated circuits. The Chief Executive Officer has been identified as the Chief Operating Decision Maker as defined by ASC No. 280, Disclosures about Segments Reporting ("ASC 280").

The Company has three operating segments which aggregate into one reportable segment. Under ASC 280, two or more operating segments may be aggregated into a single operating segment for financial reporting purposes if aggregation is consistent with the objective and basic principles of ASC 280, if the segments have similar economic characteristics, and if the segments are similar in each of the following areas:

• the nature of products and services;

• the nature of the production processes;

• the type or class of customer for their products and services; and

• the methods used to distribute their products or provide their services.

The Company meets each of the aggregation criteria for the following reasons:

• the sale of analog and mixed signal integrated circuits is the primary source of revenue for each of the Company's three operating segments;

• the integrated circuits sold by each of the Company's operating segments are manufactured using similar semiconductor manufacturing processes;

• the integrated circuits marketed by each of the Company's operating segments are sold to the same types of customers; and

• all of the Company's integrated circuits are sold through a centralized sales force and common wholesale distributors.

All of the Company's operating segments share similar economic characteristics as they have a similar long term business model. The causes for variation among the Company's operating segments are the same and include factors such as (i) life cycle and price and cost fluctuations, (ii) number of competitors, (iii) product differentiation and (iv) size of market opportunity. Additionally, each operating segment is subject to the overall cyclical nature of the semiconductor industry. The number and composition of employees and the amounts and types of tools and materials required are similar for each operating segment. Finally, even though the Company periodically reorganizes the Company's operating segments based upon changes in customers, end-markets or

16

products, acquisitions, long-term growth strategies, and the experience and bandwidth of the senior executives in charge, the common financial goals for each operating segment remain constant.

Enterprise-wide information is provided in accordance with ASC 280. Geographical revenue information is based on customers' ship-to location. Long-lived assets consist of property, plant and equipment. Property, plant and equipment information is based on the physical location of the assets at the end of each fiscal year.

Net revenues from unaffiliated customers by geographic region were as follows:

	Three Months Ended
	September 29, 2012		September 24, 2011
	(in thousands)
United States	$	59,121	$	76,929
China	274,905		276,430
Japan	35,816		36,907
Korea	64,379		65,761
Rest of Asia	101,611		80,314
Europe	70,907		83,638
Rest of World	16,336		16,023
	$	623,075	$	636,002

Net long-lived assets by geographic region were as follows:

	September 29, 2012		June 30, 2012
	(in thousands)
United States	$	1,008,500	$	957,982
Philippines	208,624		247,681
Thailand	92,646		99,308
Rest of World	50,112		48,635
	$	1,359,882	$	1,353,606

NOTE 9: COMPREHENSIVE INCOME

The components of Accumulated Other Comprehensive Loss were as follows:

	September 29, 2012			June 30, 2012
	(in thousands)
Tax effect of the unrealized exchange loss on long-term intercompany receivables	$	(7,551	)	$	(6,469	)
Unrealized loss on post-retirement benefits	(6,393		)	(7,444		)
Cumulative translation adjustment	(1,527		)	(1,527		)
Unrealized gain (loss) on cash flow hedges	389			(196		)
Unrealized gain on available-for-sale securities	167			202
Accumulated Other Comprehensive Loss	$	(14,915	)	$	(15,434	)

NOTE 10: INCOME TAXES

In the three months ended September 29, 2012, the Company recorded an income tax provision of $31.8 million, compared to an income tax provision of $34.8 million in the three months ended September 24, 2011. 

In fiscal year 2012 the U.S. Internal Revenue Service commenced an audit of the Company's federal corporate income tax returns

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for fiscal years 2009 through 2011, which is still ongoing.

NOTE 11: COMMITMENTS AND CONTINGENCIES

Legal Proceedings

We are party or subject to various legal proceedings and claims, either asserted or unasserted, which arise in the ordinary course of business, including proceedings and claims that relate to intellectual-property matters. While the outcome of these matters cannot be predicted with certainty, we do not believe that the outcome of any of these matters, individually or in the aggregate, will result in losses that are materially in excess of amounts already recognized or reserved, if any.

Indemnifications

The Company indemnifies certain customers, distributors, suppliers and subcontractors for attorney fees and damages and costs awarded against such parties in certain circumstances in which the Company's products are alleged to infringe third party intellectual property rights, including patents, registered trademarks and copyrights. The terms of the Company's indemnification obligations are generally perpetual from the effective date of the agreement. In certain cases, there are limits on and exceptions to the Company's potential liability for indemnification relating to intellectual property infringement claims.

Legal fees associated with indemnification obligations, defense and other related costs

Pursuant to the Company's charter documents and separate written indemnification agreements, the Company has certain indemnification obligations to its current executive officers and directors, as well as certain former officers and directors. Pursuant to such obligations, the Company has incurred expenses related to legal fees and expenses advanced to certain former officers of the Company subject to civil charges by the SEC in connection with Maxim Integrated's historical stock option granting practices.  The Company expenses such amounts as incurred.

NOTE 12: COMMON STOCK REPURCHASES

In August 2011, the Board of Directors authorized the Company to repurchase up to $750 million of the Company's common stock from time to time at the discretion of the Company's management. This stock repurchase authorization has no expiration date. All prior authorizations by the Company's Board of Directors for the repurchase of common stock were canceled and superseded by this authorization.

During the three months ended September 29, 2012, the Company repurchased approximately 2.5 million shares of its common stock for $65.1 million. As of September 29, 2012, the Company had remaining authorization to repurchase up to an additional $486.1 million of the Company's common stock. The number of shares to be repurchased and the timing of such repurchases will be based on several factors, including the price of the Company's common stock and general market and business conditions.

NOTE 13: ACQUISITIONS

Acquisitions completed during fiscal year 2012

The purchase price allocation for acquisitions completed in fiscal year 2012 is set forth in the table below, including work performed by third-party valuation specialists.

Pro forma results of operations for these acquisitions have not been presented because they are not material to Maxim Integrated's condensed consolidated income, either individually or in the aggregate. Revenue and earnings per share for the acquired businesses since the date of acquisition through September 29, 2012 were not provided as they are not material. Goodwill, which represents the excess of the purchase price over the net tangible and intangible assets acquired, is not expected to be deductible for tax purposes. Acquisition costs for fiscal year 2012 were not material.

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Aggregate purchase price allocation for acquisitions made by Maxim Integrated during fiscal year 2012:

	SensorDynamics			Other acquisitions			Total
				(in thousands)
Tangible assets	$	18,692		$	1,159		$	19,851
Debt assumed	(29,078		)	—			(29,078		)
Other liabilities assumed	(37,559		)	(4,729		)	(42,288		)
Net liabilities assumed	(47,945		)	(3,570		)	(51,515		)
Amortizable intangible assets	20,900			17,840			38,740
In-process research and development ("IPR&D")	19,600			—			19,600
Goodwill (1)	130,594			38,392			168,986
Total purchase price (1)	$	123,149		$	52,662		$	175,811

(1) Includes $11.4 million of contingent consideration relating to the other acquisitions discussed further below.

The following table presents details of the Company's intangible assets acquired through business combinations completed during fiscal year 2012 (in thousands, except years):

	Intellectual Property			Customer Relationships			Trademark			Total
	Weighted Average Useful Life (in Years)	Amount		Weighted Average Useful Life (in Years)	Amount		Weighted Average Useful Life (in Years)	Amount
SensorDynamics	7.0	$	16,400	7.0	$	4,100	3.0	$	400	$	20,900
Other acquisitions	9.2	15,340		3.0	2,500		—	—		17,840
Total		$	31,740		$	6,600		$	400	$	38,740
Weighted Average (in Years)	8.1			5.5			3.0

SENSORDYNAMICS

On July 18, 2011, the Company acquired SensorDynamics, a semiconductor company that develops proprietary sensor and microelectromechanical solutions. SensorDynamics is based in Lebring, near Graz, Austria. The purpose of the acquisition was to allow Maxim Integrated to combine sensors with analog products. The total cash consideration associated with the acquisition was approximately $123.1 million.

OTHER ACQUISITIONS

The Company acquired three other companies during fiscal year 2012, which included a company that develops low power high performance analog circuits. The total cash consideration paid in these three Acquisitions was approximately $41.3 million. Maxim Integrated also recorded $11.4 million, representing the fair value of contingent consideration that would be payable in the future should certain specified project milestones be met. Total contingent consideration that could be paid out under the agreements amounts to $16.0 million. The contingent consideration was calculated based on probabilities that were developed regarding the likelihood that the product development milestones would be met and when the contingent payments would occur. Based on these factors, a probability weighted earnout amount was calculated and discounted (at the cost of debt) to present value.

NOTE 14: GOODWILL AND INTANGIBLE ASSETS

Goodwill

The Company monitors the recoverability of goodwill recorded in connection with acquisitions, by reporting unit, annually, or more often if events or changes in circumstances indicate that the carrying amount may not be recoverable. The Company performed the annual impairment analysis during the first quarter of fiscal year 2013 and concluded that goodwill was not impaired, as the fair value of each reporting unit exceeded its carrying value, including goodwill.

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Activity and goodwill balances for the three months ended September 29, 2012 were as follows:

	Goodwill
	(in thousands)
Balance at June 30, 2012	$	423,073
Adjustments	(990		)
Balance at September 29, 2012	$	422,083

Intangible Assets

The useful lives of amortizable intangible assets are as follows:

Asset	Life
Intellectual Property	5-10 years
Customer Relationships	3-10 years
Tradename	3 years
Backlog	1 year

Intangible assets consisted of the following:

	September 29, 2012						June 30, 2012
	Original Cost		Accumulated Amortization		Net		Original Cost		Accumulated Amortization		Net
	(in thousands)
Intellectual property	$	231,912	$	112,158	$	119,754	$	227,912	$	102,501	$	125,411
Customer relationships	95,230		43,312		51,918		95,230		39,583		55,647
Backlog	6,400		6,400		—		6,400		6,400		—
Tradename	2,100		1,642		458		2,100		1,525		575
Total amortizable purchased intangible assets	335,642		163,512		172,130		331,642		150,009		181,633
IPR&D	23,280		—		23,280		27,280		—		27,280
Total purchased intangible assets	$	358,922	$	163,512	$	195,410	$	358,922	$	150,009	$	208,913

The following table presents the amortization expense of intangible assets and its presentation in the Condensed Consolidated Statements of Income:

	Three Months Ended
	September 29, 2012		September 24, 2011
	(in thousands)
Cost of goods sold	$	9,454	$	9,434
Intangible asset amortization	4,049		4,321
Total intangible asset amortization expenses	$	13,503	$	13,755

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The following table represents the estimated future amortization expense of intangible assets as of September 29, 2012:

Fiscal Year	Amount
	(in thousands)
Remaining nine months of 2013	$	37,487
2014	44,738
2015	41,535
2016	28,244
2017	18,233
2018	1,455
Thereafter	438
Total intangible assets	$	172,130

NOTE 15: IMPAIRMENT OF LONG-LIVED ASSETS

Fiscal year 2013:

During the first quarter of fiscal year 2013, the Company identified certain idle facilities as held for sale. In connection with these circumstances, the Company recorded a charge for the write-down of land and buildings to their estimated fair value, less cost to sell. The total charge of $2.7 million was included in impairment of long-lived assets in the Company's Condensed Consolidated Statements of Income. The Company reached its conclusion regarding the asset impairment after conducting an evaluation of assets fair values. The fair value of the land and buildings was determined mainly after consideration of evidence such as appraisals and offers received.

The Company has ceased depreciation and classified these assets as held for sale based on its intentions to sell the assets and has included the lower of fair value less cost to sell and net book value of $8.0 million in other assets in the Condensed Consolidated Balance Sheet as of September 29, 2012.

Fiscal year 2012:

During the fourth quarter of fiscal year 2012, the Company identified certain idle facilities as held for sale. In connection with these circumstances, the Company recorded a charge for the write-down of land and buildings to their estimated fair value, less cost to sell. The total charge of $22.4 million was included in impairment of long-lived assets in the Company's Consolidated Statements of Income. The Company reached its conclusion regarding the asset impairment after conducting an evaluation of assets fair values. The fair value of the land and buildings was determined mainly after consideration of evidence such as appraisals and offers received.

The Company has ceased depreciation and classified the above assets as held for sale based on its intentions to sell the assets and has included the lower of fair value less cost to sell and net book value of $24.0 million in other assets in the Condensed Consolidated Balance Sheet as of June 30, 2012.

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Maxim Integrated Products, Inc. ("Maxim Integrated" or the "Company" and also referred to as "we," "our" or "us") disclaims any duty to and undertakes no obligation to update any forward-looking statement, whether as a result of new information relating to existing conditions, future events or otherwise or to release publicly the results of any future revisions it may make to forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except as required by federal securities laws. Readers are cautioned not to place undue reliance on such statements, which speak only as of the date of this Quarterly Report on Form 10-Q. Readers should carefully review future reports and documents that the Company files with or furnishes to the SEC from time to time, such as its Annual Reports on Form 10-K (particularly Management's Discussion and Analysis of Financial Condition and Results of Operations), its Quarterly Reports on Form 10-Q (particularly Management's Discussion and Analysis of Financial Condition and Results of Operations) and any Current Reports on Form 8-K.

Overview of Business

21

Maxim Integrated is incorporated in the state of Delaware. Maxim Integrated designs, develops, manufactures and markets a broad range of linear and mixed-signal integrated circuits, commonly referred to as analog circuits, for a large number of geographically diverse customers. The Company also provides a range of high-frequency process technologies and capabilities that can be used in custom designs. The analog market is fragmented and characterized by many diverse applications, a great number of product variations and, with respect to many circuit types, relatively long product life cycles. The Company is a global company with wafer manufacturing facilities in the United States, testing facilities in the Philippines and Thailand and sales and circuit design offices throughout the world. The major end-markets in which the Company's products are sold are the communications, computing, consumer and industrial markets.

CRITICAL ACCOUNTING POLICIES

The methods, estimates and judgments we use in applying our most critical accounting policies have a significant impact on the results we report in our consolidated financial statements. The SEC has defined the most critical accounting policies as the ones that are most important to the portrayal of our financial condition and results of operations, and that require us to make our most difficult and subjective accounting judgments, often as a result of the need to make estimates of matters that are inherently uncertain. Based on this definition, our most critical accounting policies include revenue recognition and related allowances, which impact the recording of revenues; valuation of inventories, which impacts costs of goods sold and gross margins; the assessment of recoverability of long-lived assets, which impacts write-offs of fixed assets, intangible assets, and goodwill; accounting for stock-based compensation, which impacts cost of goods sold, gross margins and operating expenses; accounting for income taxes, which impacts the income tax provision; and assessment of contingencies, which impacts charges recorded in cost of goods sold and operating expenses. We have other significant accounting policies that either do not generally require estimates and judgments that are as difficult or subjective, or are less likely to have a material impact on our reported results of operations for a given period.

There have been no material changes during the three months ended September 29, 2012 to the items that we disclosed as our critical accounting policies and estimates in Management's Discussion and Analysis of Financial Condition and Results of Operations in our Annual Report on Form 10-K for the fiscal year ended June 30, 2012.

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RESULTS OF OPERATIONS

The following table sets forth certain Condensed Consolidated Statements of Income data expressed as a percentage of net revenues for the periods indicated:

	Three Months Ended
	September 29, 2012		September 24, 2011
Net revenues	100.0	%	100.0	%
Cost of goods sold	38.1	%	37.8	%
Gross margin	61.9	%	62.2	%
Operating expenses:
Research and development	21.3	%	22.0	%
Selling, general and administrative	12.9	%	13.0	%
Intangible asset amortization	0.6	%	0.7	%
Impairment of long-lived assets	0.4	%	—	%
Severance and restructuring expenses	—	%	0.1	%
Other operating expenses (income), net	0.1	%	(0.7	)%
Total operating expenses	35.3	%	35.1	%
Operating income	26.6	%	27.1	%
Interest and other income (expense), net	(0.9	)%	(0.6	)%
Income before provision for income taxes	25.7	%	26.5	%
Provision for income taxes	5.1	%	5.5	%
Net income	20.6	%	21.0	%

The following table shows stock-based compensation included in the components of the Condensed Consolidated Statements of Income reported above as a percentage of net revenues for the periods indicated:

	Three Months Ended
	September 29, 2012		September 24, 2011
Cost of goods sold	0.5	%	0.5	%
Research and development	2.0	%	2.1	%
Selling, general and administrative	1.2	%	1.1	%
	3.7	%	3.7	%

Net Revenues

Net revenues were $623.1 million and $636.0 million for the three months ended September 29, 2012 and September 24, 2011, respectively, a decrease of 2.0%. We classify our net revenue by four major end market categories: Communications, Computing, Consumer and Industrial. Net shipments decreased during the three months ended September 29, 2012 as compared to the three months ended September 24, 2011 due to reduced demand for our products in the communications, computing and industrial markets.

During the three months ended September 29, 2012 and September 24, 2011, approximately 91% and 88% of net revenues, respectively, were derived from customers outside of the United States. While the majority of these sales are denominated in U.S. dollars, we enter into foreign currency forward contracts to mitigate our risks on firm commitments and net monetary assets and liabilities denominated in foreign currencies. The impact of changes in foreign exchange rates on our revenue and results of operations for the three months ended September 29, 2012 and September 24, 2011 was immaterial.

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Gross Margin

Our gross margin percentage was 61.9% and 62.2% for the three months ended September 29, 2012 and September 24, 2011, respectively. The gross margin decreased primarily due to underutilization of factory capacity.

Research and Development

Research and development expenses were $132.9 million and $140.2 million for the three months ended September 29, 2012 and September 24, 2011, respectively, which represented 21.3% and 22.0% of net revenues, respectively. The $7.3 million decrease was primarily attributable to a decrease in salaries and related expenses of $3.4 million relating to decreased headcount and a decrease in mask expenses by $3.2 million.

Selling, General and Administrative

Selling, general and administrative expenses were $80.2 million and $82.5 million for the three months ended September 29, 2012 and September 24, 2011, respectively, which represented 12.9% and 13.0% of net revenues, respectively. The $2.3 million decrease was primarily attributable to lower legal expense related to acquisitions.

Impairment of Long-lived Assets

Impairment of long lived assets was $2.7 million in the three months ended September 29, 2012. The impairment was primarily due to write-downs of certain land and buildings classified in the period as held for sale. In connection with this, the Company recorded a charge for the write-down of the land and buildings to its estimated fair value less estimated cost to sell.

Other Operating Expenses (Income), net

Other operating expenses (income), net were $0.4 million and $(4.4) million during the three months ended September 29, 2012 and September 24, 2011, respectively. The net increase in expense was primarily driven by a reversal of payroll related tax reserves totaling approximately $4.6 million due to the lapsing of the statutes of limitations in the three months ended September 24, 2011.

Interest and Other Income (Expense), net

Interest and other expense, net was $5.7 million and $4.1 million for the three months ended September 29, 2012 and September 24, 2011, respectively. This net increase in expense was primarily driven by an increase in foreign exchange losses of $3.0 million. This was partially offset by a decrease in interest expense.

Provision for Income Taxes

In the three months ended September 29, 2012, the Company recorded an income tax provision of $31.8 million, compared to an income tax provision of $34.8 million in the three months ended September 24, 2011. 

The Company's federal statutory tax rate is 35%. The Company's income tax provision for the three months ended September 29, 2012 and three months ended September 24, 2011 was lower than the amount computed by applying the statutory tax rate primarily because of earnings of foreign subsidiaries taxed at lower tax rates, partially offset by stock-based compensation for which no tax benefit is expected.

In fiscal year 2012 the U.S. Internal Revenue Service commenced an audit of the Company's federal corporate income tax returns for fiscal years 2009 through 2011, which is still ongoing.

BACKLOG

At September 29, 2012 and June 30, 2012, our current quarter backlog was approximately $400 million and $393 million, respectively. We include in backlog orders with customer request dates within the next three months. As is customary in the semiconductor industry, these orders may be canceled in most cases without penalty to customers. In addition, backlog includes orders from domestic distributors for which revenues are not recognized until the products are sold by the distributors. Accordingly, we believe that our backlog is not a reliable measure of future revenues. All backlog numbers have been adjusted for estimated future U.S. distribution ship and debit pricing adjustments.

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FINANCIAL CONDITION, LIQUIDITY AND CAPITAL RESOURCES

Financial condition

Cash flows were as follows:

	Three Months Ended
	September 29, 2012			September 24, 2011
	(in thousands)
Net cash provided by operating activities	$	136,745		$	120,809
Net cash used in investing activities	(50,359		)	(203,593		)
Net cash used in financing activities	(117,596		)	(169,716		)
Net increase (decrease) in cash and cash equivalents	$	(31,210	)	$	(252,500	)

Operating activities

Cash provided by operating activities is net income adjusted for certain non-cash items and changes in certain assets and liabilities.

Cash from operations for the three months ended September 29, 2012 increased by approximately $15.9 million compared with the three months ended September 24, 2011. This was due to net increases in cash provided by other accrued liabilities and accounts receivable of $61.6 million. These increases were offset by decreases in accounts payable and deferred taxes of $48.4 million.

Investing activities

Investing cash flows consist primarily of capital expenditures, net investment purchases and maturities and acquisitions.

Cash used in investing activities decreased by $153.2 million for the three months ended September 29, 2012 compared with the three months ended September 24, 2011. The decrease was primarily due to a decrease of $154.3 million in cash used for acquisitions.

Financing activities

Financing cash flows consist primarily of repurchases of common stock and payment of dividends to stockholders.

Net cash used in financing activities decreased by approximately $52.1 million for the three months ended September 29, 2012 compared with the three months ended September 24, 2011. The decrease was primarily due to lower repurchases of common stock of $23.5 million, lower repayment of notes payables of $16.0 million relating to the assumed SensorDynamics notes, and higher proceeds received on exercise of stock options of $15.7 million.

Liquidity and Capital Resources

Debt Levels

On June 17, 2010, we completed a public offering of $300 million aggregate principal amount of the Company's 3.45% senior unsecured and unsubordinated notes due on June 14, 2013. In addition, on July 18, 2011, we acquired certain fixed and floating rate notes in conjunction with our acquisition of SensorDynamics. (Please refer to Note 5: Financial Instruments to the Condensed Consolidated Financial Statements).

Outstanding debt is at $309 million as of September 29, 2012 and June 30, 2012, bearing weighted average interest rates of 3.43% and 3.45% for the three months ended September 29, 2012 and for the year ended June 30, 2012, respectively.

Available borrowing resources

As of September 29, 2012, the Company had the capacity to issue an unspecified amount of additional debt securities, common stock, preferred stock, warrants, rights and units under the 2010 Shelf Registration Statement.

25

On October 13, 2011, the Company entered into a $250 million senior unsecured revolving credit facility with certain institutional lenders that expires on October 13, 2016. The Company has agreed to pay the lenders a facility fee at a rate per annum that varies based on the Company's debt rating. Any advances under the credit agreement will accrue interest at a base rate plus a margin based on the Company's debt rating. The credit agreement requires the Company to comply with certain covenants, including a requirement that the Company maintain a ratio of debt to EBITDA (earnings before interest, taxes, depreciation, and amortization) of not more than 3 to 1 and a minimum interest coverage ratio (EBITDA divided by interest expense) greater than 3.5 to 1. As of September 29, 2012, the Company had not borrowed any amounts under this credit facility and was in compliance with all debt covenants.

As of September 29, 2012, our available funds consisted of $925.1 million in cash, cash equivalents and short-term investments. We anticipate that the available funds and cash generated from operations will be sufficient to meet cash and working capital requirements, including the anticipated level of capital expenditures, common stock repurchases, debt repayments and dividend payments for at least the next twelve months.

Off-Balance-Sheet Arrangements

As of September 29, 2012, the Company did not have any material off-balance-sheet arrangements, as defined in Item 303(a)(4)(ii) of SEC Regulation S-K.

ITEM 3: QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

The Company's market risk has not changed materially from the interest rate and foreign currency risks disclosed in Item 7A of the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2012.

The impact of inflation and changing prices on the Company's net revenues and on operating income during the three months ended September 29, 2012 and September 24, 2011 was not material.

ITEM 4: CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

Our management, with the participation of our chief executive officer ("CEO") and our chief financial officer ("CFO"), evaluated the effectiveness of our disclosure controls and procedures as defined in Rules 13a-15(e) and 15d-15(e) of the Exchange Act as of September 29, 2012. Our management, including the CEO and the CFO, has concluded that the Company's disclosure controls and procedures were effective as of September 29, 2012. The purpose of these controls and procedures is to ensure that information required to be disclosed in the reports we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC's rules, and that such information is accumulated and communicated to our management, including our CEO and our CFO, to allow timely decisions regarding required disclosures.

Changes in Internal Control over Financial Reporting

There were no changes in our internal control over financial reporting (as defined in Rule 13a-15(f) of the Exchange Act) that occurred during the three months ended September 29, 2012 that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Inherent Limitations on the Effectiveness of Internal Controls

A system of internal control over financial reporting is intended to provide reasonable assurance regarding the reliability of financial reporting and the preparation of consolidated financial statements in accordance with GAAP and no control system, no matter how well designed and operated, can provide absolute assurance. The design of any control system is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Because of its inherent limitations, internal control over financial reporting may not prevent or detect financial statement errors and misstatements. Also, projection of any evaluation of effectiveness to future periods is subject to the risk that controls may become inadequate because of changes in conditions or that the degree of compliance with the policies or procedures may deteriorate.

PART II. OTHER INFORMATION

ITEM 1: LEGAL PROCEEDINGS

26

The information set forth above under Part I, Item 1, Note 11 to the Condensed Consolidated Financial Statements is incorporated herein by reference.

ITEM 1A: RISK FACTORS

A description of risks associated with our business, financial condition and results of our operations is set forth in Item 1A - Risk Factors of our Annual Report on Form 10-K for the fiscal year ended June 30, 2012, which is incorporated herein by reference.

ITEM 2: UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

The following table summarizes the activity related to stock repurchases for the three months ended September 29, 2012:

	Issuer Repurchases of Equity Securities
	(in thousands, except per share amounts)
	Total Number of Shares Purchased	Average Price Paid per Share		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs	Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs
Jul. 1, 2012 - Jul. 28, 2012	1,040	$	24.90	1,040	$	525,319
Jul. 29, 2012 - Aug. 25, 2012	620	27.60		620	508,205
Aug. 26, 2012 - Sep. 29, 2012	810	27.35		810	486,055
Total for the quarter	2,470	$	26.38	2,470	$	486,055

In August 2011, the Company's Board of Directors authorized the Company to repurchase up to $750 million of the Company's common stock from time to time at the discretion of the Company's management. This stock repurchase authorization has no expiration date. All prior authorizations by the Company's Board of Directors for the repurchase of common stock were canceled and superseded by this authorization.

In the fiscal quarter ended September 29, 2012, the Company repurchased approximately 2.5 million shares of its common stock for approximately $65.1 million. As of September 29, 2012, the Company had remaining authorization to repurchase up to an additional $486.1 million of the Company's common stock. The number of shares to be repurchased and the timing of such repurchases will be based on several factors, including the price of the Company's common stock and general market and business conditions.

ITEM 3: DEFAULTS UPON SENIOR SECURITIES

Not applicable.

ITEM 4: MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5: OTHER INFORMATION

Not applicable.

27

ITEM 6: EXHIBITS

(a) Exhibits

10.25	Form of Performance Share Agreement under the Company's 1996 Stock Incentive Plan (A)
31.1	Certification of Chief Executive Officer Pursuant to Rule 13a-14(a) and 15d-14(a) of the Securities Exchange Act, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2	Certification of Chief Financial Officer Pursuant to Rule 13a-14(a) and 15d-14(a) of the Securities Exchange Act, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1	Certification of Chief Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2	Certification of Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema Document
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document
101.LAB	XBRL Taxonomy Extension Label Linkbase Document
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document

^(A) Management contract or compensatory plan or arrangement.

Attached as Exhibit 101 to this report are the following formatted in XBRL (Extensible Business Reporting Language): (i) Condensed Consolidated Statements of Income for the three months ended September 29, 2012, (ii) Condensed Consolidated Balance Sheets at September 29, 2012 and June 30, 2012, (iii) Condensed Consolidated Statement of Comprehensive Income for the three months ended September 29, 2012, (iv) Condensed Consolidated Statements of Cash Flows for the three months ended September 29, 2012 and (v) Notes to Condensed Consolidated Financial Statements.

In accordance with Rule 406T of Regulation S-T, the XBRL-related information in Exhibit 101 to this Quarterly Report on Form 10-Q is deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act, is deemed not filed for purposes of Section 18 of the Exchange Act, and otherwise is not subject to liability under these sections.

28

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

October 26, 2012	MAXIM INTEGRATED PRODUCTS, INC.
	By:/s/ David A. Caron
	David A. Caron
	Vice President and Principal Accounting Officer

29

EX-10.25

MAXIM INTEGRATED PRODUCTS, INC.

1996 STOCK INCENTIVE PLAN

PERFORMANCE SHARE AGREEMENT

This Performance Share Agreement (the “Agreement”) is made as of the ___ day of October 2012 by and among Maxim Integrated Products, Inc., a Delaware corporation (“Maxim Integrated”), and ______________ (“Grantee”).

RECITAL

Maxim Integrated, pursuant to its 1996 Stock Incentive Plan (the “Plan”) and upon approval by its Compensation Committee, has granted to Grantee, performance shares (the “Performance Shares”), subject to all of the terms and conditions in this Agreement and the Plan. Unless otherwise defined herein, capitalized terms shall have the meaning ascribed to such terms in the Plan.

NOW, THEREFORE, the Parties agree as follows:

1.Company's Obligation to Issue Shares. Each Performance Share represents a value equal to the Fair Market Value of a Share on the date it becomes vested. Unless and until the Performance Shares will have vested in the manner set forth in Sections 2 and 3, Grantee will have no right to payment of any such Performance Shares. Prior to actual payment of any vested Performance Shares, such Performance Shares will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.

2.Vesting Schedule; Number of Performance Shares. Subject to Section 3, the Performance Shares awarded by this Agreement will vest in Grantee according to the vesting schedule as set forth below, subject to Grantee's Continuous Status as an Employee through August 14, 2014.

(a)Specific vesting for the Performance Shares is as follows:

[Vesting criteria to be described]

(b) Vesting upon a Change in Control of the Company. In the event of a Change in Control (as defined in the Company's Change in Control Employee Severance Plan (the “CIC Plan”) before ____________________, the Performance Shares shall vest as follows:

• Performance shall be measured using the formula set forth in subsection (a) above on the closing date of the Change in Control (“CIC”); provided, however, the number of Performance Shares that would otherwise vest shall be pro-rated based upon the amount of time that has elapsed during the ___year measurement period (e.g., if CIC occurs 50% of the way through the measurement period, then 50% of the Performance Shares earned will vest at the closing of the CIC and 50% will vest based upon time and service per the provision below).

• The remaining Shares shall vest quarterly pursuant to the Company's master vesting schedule (Feb. 15, May 15, August 15, November 15) for remainder of the performance period.

• The vesting of all Performance Shares shall be accelerated upon a termination of employment following a CIC for which severance benefits are payable in accordance with the CIC Plan.

3.Forfeiture upon Termination of Continuous Status as an Employee. Notwithstanding any contrary provision of this Agreement but subject to Section 2(b) above, if Grantee's Continuous Status as an Employee ceases for any or no reason, the then-unvested Performance Shares awarded by this Agreement will thereupon be forfeited at no cost to the Company and Grantee will have no further rights thereunder.

4.Payment after Vesting. Any Performance Shares that vest in accordance with Section 2 will be paid to Grantee (or in the event of Grantee's death, to his or her estate) in whole Shares, subject to Grantee satisfying any applicable Tax-Related

Items as set forth in Section 6, but in no event later than March 15 of the calendar year immediately following the calendar year in which the Performance Shares vest.

5.Payments after Death. Any distribution or delivery to be made to Grantee under this Agreement will, if Grantee is then deceased, be made to Grantee's legal heirs. Any such transferee must furnish the Company with (a) written notice of his or her status as legal heir, and (b) evidence satisfactory to the Company to establish the validity of the transfer and compliance with any laws or regulations pertaining to said transfer.

6.Withholding of Taxes. Regardless of any action the Company and/or the Subsidiary or affiliate employing Grantee (the “Employer”) take with respect to any or all income tax (including federal, state, and/or local taxes), social insurance, payroll tax, payment on account or other tax-related withholding (“Tax-Related Items”), Grantee acknowledges that the ultimate liability for all Tax-Related Items legally due by Grantee is and remains Grantee's responsibility and that the Company and/or the Employer (i) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Performance Shares, including the grant of the Performance Shares, the vesting of Performance Shares, the payment of the Performance Shares in Shares or in cash, the subsequent sale of any Shares acquired at vesting and the receipt of any dividends; and (ii) do not commit to structure the terms of the grant or any aspect of the Performance Shares to reduce or eliminate the Grantee's liability for Tax-Related Items.

Notwithstanding any contrary provision of this Agreement, no certificate representing the Shares will be issued to Grantee, unless and until satisfactory arrangements (as determined by the Administrator) will have been made by Grantee with respect to the payment of all Tax-Related Items which the Company determines must be withheld with respect to such Shares so issuable. The Administrator, in its sole discretion and pursuant to such procedures as it may specify from time to time, may permit Grantee to satisfyTax-Related Items, in whole or in part by one or more of the following (without limitation): (a) paying cash, (b) withholding from the Grantee's wages or other cash compensation paid to Grantee by the Company and/or the Employer, (c) have the Company withhold otherwise deliverable Shares, provided that the Company only withholds the amount of Shares necessary to satisfy the minimum statutory withholding amount or such other amount as may be necessary to avoid adverse accounting treatment, or (d) selling a sufficient number of such Shares otherwise deliverable to Grantee (on Grantee's behalf and at his or her direction pursuant to this authorization) through such means as the Company may determine in its sole discretion (whether through a broker or otherwise). If the obligation for Tax-Related Items is satisfied by withholding in Shares, Grantee is deemed to have been issued the full number of Shares subject to the vested Performance Shares, notwithstanding that a number of the Shares are held back solely for the purpose of paying the Tax-Related Items due as a result of any aspect of the Performance Shares. Further, Grantee, by signing a copy of this Agreement and delivering same to the Company, consents to the withholding of all Tax-Related Items from Grantee's wages or other payments due to be made to Grantee.

If Grantee fails to make satisfactory arrangements for the payment of any Tax-Related Items hereunder at the time any applicable Shares otherwise are scheduled to vest pursuant to Section 2, Grantee will permanently forfeit such Shares and the Shares will be returned to the Company at no cost to the Company.

7.Acknowledgment of Nature of Plan and Performance Shares. In accepting the Award, Grantee acknowledges that:

(a)the Plan is established voluntarily by the Company, it is discretionary in nature and may be modified, amended, suspended or terminated by the Company at any time, unless otherwise provided in the Plan;

(b) the Award of Performance Shares is voluntary and occasional and does not create any contractual or other right to receive future Awards of Performance Shares, or benefits in lieu of Performance Shares even if Performance Shares have been awarded repeatedly in the past;

(c) all decisions with respect to future Awards, if any, will be at the sole discretion of the Company;

(d)this Agreement, the transactions contemplated hereunder and the vesting schedule set forth herein do not constitute an express or implied promise of Grantee's Continuous Status as an Employee (or Director) for the vesting period, for any period, or at all, and will not interfere with Grantee's right or the right of the Company or the Employer to terminate Grantee's Continuous Status as an Employee at any time;

(e)in the event that Grantee is not an Employee, the Award and Grantee's participation in the Plan shall not be interpreted to form an employment contract or relationship with the Company;

(f) the future value of the underlying Shares is unknown and cannot be predicted with certainty;

(g)in consideration of the Award, no claim or entitlement to compensation or damages arises from termination of the Award, and no claim or entitlement to compensation or damages shall arise from any diminution in value of the Award of Performance Shares or Shares received upon vesting of Performance Shares resulting from termination of Grantee's Continuous Status as an Employee, by the Company or the Employer (for any reason whatsoever and whether or not in breach of local labor laws);

(h)in the event of termination of Grantee's Continuous Status as an Employee, Grantee's right to receive Performance Shares and vest under the Plan, if any, will terminate effective as of the date that Grantee is no longer an Employee;

(i)the Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations regarding participation in the Plan; and

(k)Grantee is hereby advised to consult with his or her personal tax, legal and financial advisors regarding participation in the Plan before taking any action related to the Plan.

8.Rights as Stockholder. Neither Grantee nor any person claiming under or through Grantee will have any of the rights or privileges of a stockholder of the Company in respect of any Shares deliverable hereunder unless and until certificates representing such Shares will have been issued, recorded on the records of the Company or its transfer agents or registrars, and delivered to Grantee.

9.Notices. Any notice to be given to the Company under the terms of this Agreement will be addressed to the Company, in care of Stock Administration at Maxim Integrated Products, Inc., 14460 Maxim Drive, Dallas, TX 75244, with a copy to the Corporate Secretary at 160 Rio Robles Drive, San Jose, CA 95134United States of America, or at such other address as the Company may hereafter designate in writing. Any notices provided for in this Agreement or the Plan shall be given in writing (including electronic mail) and shall be deemed effectively given upon receipt or, in the case of notices delivered by the Company to Grantee, five (5) days after deposit in the United States mail, postage prepaid, addressed to Grantee at the address specified above or at such other address as Grantee hereafter designate by written notice to the Company.

10.Grant is Not Transferable. Except to the limited extent provided in Section 5, this grant and the rights and privileges conferred hereby will not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

11.Binding Agreement. Subject to the limitation on the transferability of this grant contained herein, this Agreement will be binding upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the parties hereto.

12.Additional Conditions to Issuance of Stock. If at any time the Company will determine, in its discretion, that the listing, registration or qualification of the Shares upon any securities exchange or under any U.S. state, U.S. federal, or local law, or the consent or approval of any governmental regulatory authority is necessary or desirable as a condition to the issuance of Shares to Grantee (or Grantee's estate), such issuance will not occur unless and until such listing, registration, qualification, consent or approval will have been effected or obtained free of any conditions not acceptable to the Company. The Company will make all reasonable efforts to meet the requirements of any such U.S. state, U.S. federal, or any local law or securities exchange and to obtain any such consent or approval of any such governmental authority.

13.Plan Governs. This Agreement is subject to all terms and provisions of the Plan. In the event of a conflict between one or more provisions of this Agreement and one or more provisions of the Plan, the provisions of the Plan will govern.

14.Administrator Authority. The Administrator will have the power to interpret the Plan and this Agreement and to adopt such rules for the administration, interpretation and application of the Plan as are consistent therewith and to interpret or revoke any such rules (including, but not limited to, the determination of whether or not any Performance Shares have vested). All actions taken and all interpretations and determinations made by the Administrator in good faith will be final and binding upon Grantee, the Company and all other interested persons. No member of the Administrator will be personally liable for any action, determination or interpretation made in good faith with respect to the Plan or this Agreement.

15.Electronic Delivery. The Company may, in its sole discretion, decide to deliver any documents related to

Performance Shares awarded under the Plan or future Performance Shares that may be awarded under the Plan by electronic means or request Grantee's consent to participate in the Plan by electronic means. Grantee hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an on-line or electronic system established and maintained by the Company or a third party designated by the Company.

16.Section 409A. Notwithstanding any other provision of the Plan and this Agreement, for Grantees who are U.S. taxpayers, it is intended that the vesting and the payments of Performance Shares shall qualify for exemption from the application of Section 409A of the Code, and any ambiguities herein will be interpreted to so comply. The Company reserves the right, to the extent the Company deems necessary or advisable in its sole discretion, to unilaterally amend or modify this Agreement as may be necessary to ensure that all vesting and/or payments provided under this Agreement are made in a manner that qualifies for exemption from or complies with Section 409A of the Code; provided, however, that the Company makes no representation that the vesting or payments of Performance Shares provided under this Agreement will be exempt from Section 409A of the Code and makes no undertaking to preclude Section 409A of the Code from applying to the vesting and/or payment of Performance Shares provided under this Agreement.

17.Captions. Captions provided herein are for convenience only and are not to serve as a basis for interpretation or construction of this Agreement.

18.Agreement Severable. In the event that any provision in this Agreement will be held invalid or unenforceable, such provision will be severable from, and such invalidity or unenforceability will not be construed to have any effect on, the remaining provisions of this Agreement.

19.Governing Law/Choice of Venue. This Agreement and the Award of Performance Shares granted hereunder shall be governed by, and construed in accordance with, the laws of the State of California, without giving effect to the conflict of law principles thereof. For purposes of litigating any dispute that arises directly or indirectly from the relationship of the parties evidenced by this Award of Performance Shares or this Agreement, the parties hereby submit to and consent to the jurisdiction of the State of Californiaand agree that such litigation shall be conducted only in the courts of Santa Clara County, California, or the federal courts for the United States for the Northern District of California, and no other courts, where this Award of Performance Shares is made and/or to be performed.

20.Relocation Outside the United States. If Grantee relocates to a country outside the United States, the Company reserves the right to impose other requirements on Grantee's participation in the Plan, on the Performance Shares and on any Shares acquired under the Plan, to the extent the Company determines necessary or advisable in order to comply with local law or facilitate the administration of the Plan, and to require the Participant to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing.

By electronically approving the Award of Performance Shares through the Morgan Stanley Smith Barney website, Grantee agrees to all of the terms and conditions described in this Agreement (including any Appendix) and in the Plan.

EX-31.1

Exhibit 31.1

CERTIFICATION

I, Tunc Doluca, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Maxim Integrated Products, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15 (e) and 15d-15 (e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f))for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:	October 26, 2012	/s/ Tunc Doluca
		Tunc Doluca
		President and Chief Executive Officer

EX-31.2

Exhibit 31.2

CERTIFICATION

I, Bruce E Kiddoo, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Maxim Integrated Products, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15 (e) and 15d-15 (e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f))for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:	October 26, 2012	/s/ Bruce E. Kiddoo
		Bruce E. Kiddoo
		Senior Vice President and Chief Financial Officer

EX-32.1

Exhibit 32.1

CERTIFICATE OF CHIEF EXECUTIVE OFFICER

In connection with the periodic report of Maxim Integrated Products, Inc. (the "Company") on Form 10-Q for the period ended September 29, 2012 as filed with the Securities and Exchange Commission (the "Report"), I, Tunc Doluca, Chief Executive Officer of the Company, hereby certify as of the date hereof, solely for purposes of Title 18, Chapter 63, Section 1350 of the United States Code, that to the best of my knowledge:

1. the Report fully complies with the requirements of Section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934, and

2. the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company at the dates and for the periods indicated.

This Certification has not been, and shall not be deemed, "filed" with the Securities and Exchange Commission.

Date: October 26, 2012

By:	/s/ Tunc Doluca
	Tunc Doluca President and Chief Executive Officer

This certification shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended or the Securities Exchange Act of 1934, as amended.

EX-32.2

Exhibit 32.2

CERTIFICATE OF CHIEF FINANCIAL OFFICER

In connection with the periodic report of Maxim Integrated Products, Inc. (the "Company") on Form 10-Q for the period ended September 29, 2012 as filed with the Securities and Exchange Commission (the "Report"), I, Bruce E. Kiddoo, Chief Financial Officer of the Company, hereby certify as of the date hereof, solely for purposes of Title 18, Chapter 63, Section 1350 of the United States Code, that to the best of my knowledge:

1. the Report fully complies with the requirements of Section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934, and

2. the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company at the dates and for the periods indicated.

This Certification has not been, and shall not be deemed, "filed" with the Securities and Exchange Commission.

Date: October 26, 2012

By:	/s/ Bruce E. Kiddoo
	Bruce E. Kiddoo Senior Vice President and Chief Financial Officer

This certification shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended or the Securities Exchange Act of 1934, as amended.

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Financial Instruments, Long-term Debt (Details) (USD $)	3 Months Ended					3 Months Ended		3 Months Ended		3 Months Ended		3 Months Ended
	Sep. 29, 2012	Sep. 24, 2011	Jun. 30, 2012	Sep. 29, 2012 3.45% fixed rate notes due June 2013 [Member]	Jun. 30, 2012 3.45% fixed rate notes due June 2013 [Member]	Sep. 29, 2012 Term fixed rate notes (2.0% 2.5%) due March 2013 to September 2015 [Member]	Jun. 30, 2012 Term fixed rate notes (2.0% 2.5%) due March 2013 to September 2015 [Member]	Sep. 29, 2012 Amortizing fixed rate notes (1.5%-2.75%) due up to June 2014 [Member]	Jun. 30, 2012 Amortizing fixed rate notes (1.5%-2.75%) due up to June 2014 [Member]	Sep. 29, 2012 Amortizing floating rate notes (EURIBOR plus 1.5%) due up to June 2014 [Member]	Jun. 30, 2012 Amortizing floating rate notes (EURIBOR plus 1.5%) due up to June 2014 [Member]	Sep. 29, 2012 Unsecured Revolving Credit Facility [Member] Financing [Member]	Oct. 13, 2011 Unsecured Revolving Credit Facility [Member] Financing [Member]
Debt Instrument [Line Items]
Long-term debt	$ 308,864,000		$ 309,088,000	$ 300,000,000	$ 300,000,000	$ 6,285,000	$ 6,285,000	$ 903,000	$ 1,127,000	$ 1,676,000	$ 1,676,000
Long-term debt, current portion	(303,272,000)		(303,496,000)
Long-term debt, excluding current portion	5,592,000		5,592,000
Stated interest rate of the notes				3.45%
Minimum stated interest rate of notes						2.00%		1.50%
Maximum stated interest rate of notes						2.50%		2.75%
Floating rate notes, rate basis										EURIBOR
Floating rate notes, EURIBOR plus										1.50%
Effective interest rate of the Notes				3.49%
Interest expense relating to the Notes	2,900,000	2,800,000
Estimated fair value of long-term debt	315,000,000
Unsecured revolving credit facility													$ 250,000,000
Debt covenant requirement, debt to EBITDA ratio												3

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Impairment of Long-Lived Assets (Details) (USD $)	3 Months Ended		12 Months Ended
	Sep. 29, 2012	Sep. 24, 2011	Jun. 30, 2012
Asset Impairment Charges [Abstract]
Impairment of Long-Lived Assets to be Disposed of	$ 2,707,000	$ 0	$ 22,400,000
Assets Held-for-sale, Long Lived [Abstract]
Assets Held-for-sale, Long Lived	$ 8,000,000		$ 24,000,000

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Comprehensive Income (Details 1) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Sep. 29, 2012	Sep. 24, 2011
Change in unrealized losses on investments, tax benefits	$ 20	$ 26
Change in unrealized (loss) gains on forward exchange contracts, tax benefits (expenses)	(335)	186
Actuarial gains on post-retirement benefits, tax expense	$ (99)	$ (35)

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Segment Information (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Sep. 29, 2012	Sep. 24, 2011	Jun. 30, 2012
Segment Reporting Information [Line Items]
Revenues	$ 623,075	$ 636,002
Long-lived assets	1,359,882		1,353,606
United States [Member]
Segment Reporting Information [Line Items]
Revenues	59,121	76,929
Long-lived assets	1,008,500		957,982
China [Member]
Segment Reporting Information [Line Items]
Revenues	274,905	276,430
Japan [Member]
Segment Reporting Information [Line Items]
Revenues	35,816	36,907
Korea [Member]
Segment Reporting Information [Line Items]
Revenues	64,379	65,761
Philippines [Member]
Segment Reporting Information [Line Items]
Long-lived assets	208,624		247,681
Thailand [Member]
Segment Reporting Information [Line Items]
Long-lived assets	92,646		99,308
Rest of Asia [Member]
Segment Reporting Information [Line Items]
Revenues	101,611	80,314
Europe [Member]
Segment Reporting Information [Line Items]
Revenues	70,907	83,638
Rest of World [Member]
Segment Reporting Information [Line Items]
Revenues	16,336	16,023
Long-lived assets	$ 50,112		$ 48,635

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Fair Value Measurements Fair Value Disclosures (Details) (USD $)	3 Months Ended		12 Months Ended
	Sep. 29, 2012	Sep. 24, 2011	Jun. 30, 2012
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Impairment of Long-Lived Assets to be Disposed of	$ 2,707,000	$ 0	$ 22,400,000
Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets Held-for-sale, Long Lived, Fair Value Disclosure	3,900,000		19,700,000
Change During Period, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Impairment of Long-Lived Assets to be Disposed of	$ 2,700,000		$ 22,400,000

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Earnings Per Share (Tables)

3 Months Ended

Sep. 29, 2012

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The following table sets forth the computation of basic and diluted earnings per share.

	Three Months Ended
	September 29, 2012		September 24, 2011
	(in thousands, except per share data)
Numerator for basic earnings per share and diluted earnings per share
Net income	$	127,888	$	133,446
Denominator for basic earnings per share	292,213		294,475
Effect of dilutive securities:
Stock options, ESPP and RSUs	6,569		6,601
Denominator for diluted earnings per share	298,782		301,076
Earnings per share
Basic	$	0.44	$	0.45
Diluted	$	0.43	$	0.44

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Common Stock Repurchases (Details) (USD $) In Thousands, unless otherwise specified	1 Months Ended	3 Months Ended
	Aug. 31, 2011	Sep. 29, 2012
Common Stock Repurchases [Abstract]
Stock repurchase program, authorized amount	$ 750,000
Shares of common stock repurchased		2,470
Value of common stock repurchased		65,149
Stock repurchase program, remaining authorized amount		$ 486,055

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Stock-Based Compensation, Stock Option Plans (Details) (USD $)	3 Months Ended
	Sep. 29, 2012 years		Sep. 24, 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense	$ 22,497,000		$ 23,465,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options outstanding, beginning			24,234,994
Options Granted	2,530,804
Options Exercised	(1,098,144)
Options Cancelled	(928,478)
Options outstanding, ending	24,739,176
Options outstanding, weighted average exercise price, beginning (per share)			$ 25.20
Options granted, weighted average exercise price (per share)	$ 27.26
Options exercised, weighted average exercise price (per share)	$ 17.47
Options cancelled, weighted average exercise price (per share)	$ 34.9
Options outstanding, weighted average exercise price, ending (per share)	$ 25.39
Options outstanding, weighted average remaining contractual term (in years)	3.7
Options outstanding, aggregate intrinsic value	130,703,636	[1]
Options exercisable, number of shares	12,813,102
Options exercisable, weighted average exercise price (per share)	$ 29.72
Options exercisable, weighted average remaining contractual term (in years)	2.2
Options exercisable, aggregate intrinsic value	49,479,720	[1]
Options vested and expected to vest, number of shares	23,149,811
Options vested and expected to vest, weighted average exercise price (per share)	$ 25.56
Options vested and expected to vest, weighted average remaining contractual term (in years)	3.6
Options vested and expected to vest, aggregate intrinsic value	123,286,805	[1]
Stock options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense	3,782,000		4,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Unrecognized compensation costs related to unvested stock options	42,818,000
Unvested stock options	11,926,000
Weighted average period of recognition for unrecognized compensation costs (in years)	3.1
Cost of Sales [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense	2,988,000		3,257,000
Research and Development Expense [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense	12,323,000		13,261,000
Selling General and Administrative Expenses [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense	$ 7,186,000		$ 6,947,000

[1] (1)Aggregate intrinsic value represents the difference between the exercise price and the closing price per share of the Company's common stock on September 28, 2012, the last business day preceding the fiscal quarter-end, multiplied by the number of options outstanding, exercisable or vested and expected to vest as of September 29, 2012.

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Financial Instruments, Income Statement Location (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Sep. 29, 2012	Sep. 24, 2011
Derivatives designated as hedging instruments [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCI into Income (Effective portion)	$ (6)	$ (48)
Derivatives designated as hedging instruments [Member] | Cash Flow Hedging [Member] | Foreign Exchange Contract [Member] | Net Revenues [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCI into Income (Effective portion)	25	(243)
Derivatives designated as hedging instruments [Member] | Cash Flow Hedging [Member] | Foreign Exchange Contract [Member] | Cost of Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCI into Income (Effective portion)	252	195
Derivatives designated as hedging instruments [Member] | Cash Flow Hedging [Member] | Foreign Exchange Contract [Member] | Operating Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCI into Income (Effective portion)	(283)	0
Derivatives not designated as hedging instruments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in Income on Derivative Instrument	(1,696)	529
Derivatives not designated as hedging instruments [Member] | Foreign Exchange Contract [Member] | Interest and other (expense), net [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in Income on Derivative Instrument	$ (1,696)	$ 529

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Goodwill and Intangible Assets, Goodwill (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Sep. 29, 2012
Goodwill [Roll Forward]
Balance at June 30, 2012	$ 423,073
Adjustments	(990)
Balance at September 29, 2012	$ 422,083

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Comprehensive Income (Details) (USD $) In Thousands, unless otherwise specified	Sep. 29, 2012	Jun. 30, 2012
Components of accumulated other comprehensive loss
Deferred tax on unrealized exchange gains on long-term Intercompany receivables	$ (7,551)	$ (6,469)
Unrealized components of post-retirement benefits	(6,393)	(7,444)
Cumulative translation adjustment	(1,527)	(1,527)
Net unrealized loss on cash flow hedges	389	(196)
Net unrealized gain on available-for-sale securities	167	202
Accumulated Other Comprehensive Loss	$ (14,915)	$ (15,434)

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Fair Value Measurements

3 Months Ended

Sep. 29, 2012

Fair Value Disclosures [Abstract]

Fair Value Measurements [Text Block]

FAIR VALUE MEASUREMENTS

The FASB established a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. This hierarchy requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Three levels of inputs that may be used to measure fair value are as follows:

Level 1 - Quoted (unadjusted) prices in active markets for identical assets or liabilities.

The Company's Level 1 assets consist of money market funds.

Level 2 - Observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the asset or liability.

The Company's Level 2 assets and liabilities consist of certificates of deposit, government agency securities and foreign currency forward contracts.

Level 3 - Unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

The Company's Level 3 liabilities consist of contingent consideration related to certain acquisitions and assets classified as held for sale.

Assets and liabilities measured at fair value on a recurring basis were as follows:

	As of September 29, 2012								As of June 30, 2012
	Fair Value								Fair Value
	Measurements Using						Total		Measurements Using						Total
	Level 1		Level 2		Level 3		Balance		Level 1		Level 2		Level 3		Balance
	(in thousands)
Assets
Money market funds (1)	$	417,569	$	—	$	—	$	417,569	$	602,462	$	—	$	—	$	602,462
Certificates of deposit (1)	—		6,185		—		6,185		—		6,182		—		6,182
Government agency securities (2)	—		75,283		—		75,283		—		75,326		—		75,326
Foreign currency forward contracts (3)	—		1,007		—		1,007		—		642		—		642
Total Assets	$	417,569	$	82,475	$	—	$	500,044	$	602,462	$	82,150	$	—	$	684,612
Liabilities
Foreign currency forward contracts (4)	$	—	$	273	$	—	$	273	$	—	$	507	$	—	$	507
Contingent Consideration (4)	—		—		18,409		18,409		—		—		17,737		17,737
Total Liabilities	$	—	$	273	$	18,409	$	18,682	$	—	$	507	$	17,737	$	18,244

(1) Included in Cash and cash equivalents in the accompanying Condensed Consolidated Balance Sheets.

(2) Included in Short-term investments in the accompanying Condensed Consolidated Balance Sheets.

(3) Included in Other current assets in the accompanying Condensed Consolidated Balance Sheets.

(4) Included in Accrued expenses in the accompanying Condensed Consolidated Balance Sheets.

The tables below present reconciliations for liabilities measured and recorded at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three months ended September 29, 2012 and for the year ended June 30, 2012:

Fair Value Measured and Recorded Using Significant Unobservable Inputs (Level 3)
	September 29, 2012		June 30, 2012
Contingent Consideration	(in thousands)
Beginning balance	$	17,737	$	8,800
Total gains or losses (realized and unrealized):
Included in earnings	672		1,670
Additions	—		11,354
Payments	—		(4,087		)
Ending balance	$	18,409	$	17,737
Changes in unrealized gains or losses included in earnings related to liabilities still held as of period end	$	672	$	1,670

The valuation of contingent consideration is based on a probability weighted earnouts model which relies primarily on estimates of milestone achievements and discount rates applicable for the period expected payout. The most significant unobservable input used in the determination of estimated fair value of contingent consideration is the estimates on the likelihood of milestone achievements, which directly correlates to the fair value recognized in the Condensed Consolidated Balance Sheets.

The fair value of this liability is estimated quarterly by management based on inputs received from the Company's engineering and finance personnel. The determination of the milestone achievement is performed by the Company's engineering department and reviewed by the accounting department. Potential valuation adjustments are made as the progress toward achieving milestones becomes determinable, with the impact of such adjustments being recorded through Other operating expenses (income), net. 

During the three months ended September 29, 2012 and the year ended June 30, 2012, there were no transfers in or out of Level 3 from other levels in the fair value hierarchy.

Assets measured at fair value on a non-recurring basis were as follows:

As of September 29, 2012, long-lived assets held for sale were written down to their fair value, less cost to sell of $3.9 million, resulting in an impairment loss of $2.7 million, which was included in earnings for the period. The impairment charge was measured using Level 3 inputs. The Company reached its conclusion regarding the asset impairment after conducting an evaluation of assets fair values. The fair value of the land and buildings was determined mainly after consideration of evidence such as comparable property listings, recent sales, and offers received. Please refer to Note 15: "Impairment of long-lived assets" of these Notes to Condensed Consolidated Financial Statements.

As of June 30, 2012, long-lived assets held for sale were written down to their fair value, less cost to sell of $19.7 million, resulting in an impairment loss of $22.4 million, which was included in earnings for the period. The impairment charge was measured using Level 3 inputs. The Company reached its conclusion regarding the asset impairment after conducting an evaluation of assets fair values. The fair value of the land and buildings was determined mainly after consideration of evidence such as appraisals and offers received. Please refer to Note 15: "Impairment of long-lived assets" of these Notes to Condensed Consolidated Financial Statements.

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Stock-Based Compensation, Restricted Stock Units (Details) (Restricted stock units [Member], USD $)	3 Months Ended
	Sep. 29, 2012 years		Jun. 25, 2011
Restricted stock units [Member]
Outstanding and expected to vest RSUs [Roll Forward]
Restricted stock units outstanding, beginning			8,923,454
Restricted stock units granted	2,392,659
Restricted stock units released	(822,458)
Restricted stock units cancelled	(165,545)
Restricted stock units outstanding, ending	10,328,110		8,923,454
Restricted stock units outstanding, weighted average remaining contractual term (in years)	3
Restricted stock units outstanding, aggregate intrinsic value	$ 285,375,233	[1]
Restricted stock units expected to vest, number of shares	8,966,075
Restricted stock units expected to vest, weighted average remaining contractual term (in years)	2.9
Restricted stock units expected to vest, aggregate intrinsic value	246,656,725	[1]
Value of restricted stock unit shares withheld for withholding tax	7,108,000
Unrecognized compensation costs related to unvested RSUs	$ 153,288,000
Share Based Compensation Arrangement by Share Based Payment Award, Options, Nonvested, Number	10,314,000
Weighted average period of recognition for unrecognized compensation costs (in years)	3

[1] (1)Aggregate intrinsic value for RSUs represents the closing price per share of the Company's common stock on September 28, 2012, the last business day preceding the fiscal quarter-end, multiplied by the number of RSUs outstanding or expected to vest as of September 29, 2012.

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Goodwill and Intangible Assets (Tables)

3 Months Ended

Sep. 29, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill [Table Text Block]

Activity and goodwill balances for the three months ended September 29, 2012 were as follows:

	Goodwill
	(in thousands)
Balance at June 30, 2012	$	423,073
Adjustments	(990		)
Balance at September 29, 2012	$	422,083

Useful lives of definite lived intangible assets [Table Text Block]

The useful lives of amortizable intangible assets are as follows:

Asset	Life
Intellectual Property	5-10 years
Customer Relationships	3-10 years
Tradename	3 years
Backlog	1 year

Schedule of intangible assets [Table Text Block]

Intangible assets consisted of the following:

	September 29, 2012						June 30, 2012
	Original Cost		Accumulated Amortization		Net		Original Cost		Accumulated Amortization		Net
	(in thousands)
Intellectual property	$	231,912	$	112,158	$	119,754	$	227,912	$	102,501	$	125,411
Customer relationships	95,230		43,312		51,918		95,230		39,583		55,647
Backlog	6,400		6,400		—		6,400		6,400		—
Tradename	2,100		1,642		458		2,100		1,525		575
Total amortizable purchased intangible assets	335,642		163,512		172,130		331,642		150,009		181,633
IPR&D	23,280		—		23,280		27,280		—		27,280
Total purchased intangible assets	$	358,922	$	163,512	$	195,410	$	358,922	$	150,009	$	208,913

Schedule of amortization expense allocation of intangible assets [Table Text Block]

The following table presents the amortization expense of intangible assets and its presentation in the Condensed Consolidated Statements of Income:

	Three Months Ended
	September 29, 2012		September 24, 2011
	(in thousands)
Cost of goods sold	$	9,454	$	9,434
Intangible asset amortization	4,049		4,321
Total intangible asset amortization expenses	$	13,503	$	13,755

Estimated future amortization expense of intangible assets [Table Text Block]

The following table represents the estimated future amortization expense of intangible assets as of September 29, 2012:

Fiscal Year	Amount
	(in thousands)
Remaining nine months of 2013	$	37,487
2014	44,738
2015	41,535
2016	28,244
2017	18,233
2018	1,455
Thereafter	438
Total intangible assets	$	172,130

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Acquisitions (Tables)

3 Months Ended

Sep. 29, 2012

Acquisition [Abstract]

Schedule of Purchase Price Allocation [Table Text Block]

Aggregate purchase price allocation for acquisitions made by Maxim Integrated during fiscal year 2012:

	SensorDynamics			Other acquisitions			Total
				(in thousands)
Tangible assets	$	18,692		$	1,159		$	19,851
Debt assumed	(29,078		)	—			(29,078		)
Other liabilities assumed	(37,559		)	(4,729		)	(42,288		)
Net liabilities assumed	(47,945		)	(3,570		)	(51,515		)
Amortizable intangible assets	20,900			17,840			38,740
In-process research and development ("IPR&D")	19,600			—			19,600
Goodwill (1)	130,594			38,392			168,986
Total purchase price (1)	$	123,149		$	52,662		$	175,811

(1) Includes $11.4 million of contingent consideration relating to the other acquisitions discussed further below.

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]

The following table presents details of the Company's intangible assets acquired through business combinations completed during fiscal year 2012 (in thousands, except years):

	Intellectual Property			Customer Relationships			Trademark			Total
	Weighted Average Useful Life (in Years)	Amount		Weighted Average Useful Life (in Years)	Amount		Weighted Average Useful Life (in Years)	Amount
SensorDynamics	7.0	$	16,400	7.0	$	4,100	3.0	$	400	$	20,900
Other acquisitions	9.2	15,340		3.0	2,500		—	—		17,840
Total		$	31,740		$	6,600		$	400	$	38,740
Weighted Average (in Years)	8.1			5.5			3.0

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Stock-Based Compensation, Employee Stock Purchase Plan (Details) (ESP Plan [Member], USD $) In Thousands, unless otherwise specified	Sep. 29, 2012
ESP Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	$ 3,000

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Basis of Presentation (Details)	3 Months Ended
	Sep. 29, 2012
Basis of Presentation [Abstract]
Fiscal year duration range	52-to-53-week
Frequency of 53-week fiscal year	fifth or sixth year
Number of weeks in current fiscal year	P52W

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Balance Sheet Components (Details) (USD $) In Thousands, unless otherwise specified	Sep. 29, 2012	Jun. 30, 2012
Accounts Receivables:
Accounts receivable	$ 329,713	$ 329,990
Returns and allowances	(13,175)	(12,529)
Accounts receivable, net	316,538	317,461
Inventories:
Raw materials	14,108	11,922
Work-in-process	160,442	149,603
Finished goods	84,139	80,637
Inventory, net	258,689	242,162
Property, plant and equipment:
Land	62,093	65,007
Buildings and building improvements	351,847	348,727
Machinery and equipment	2,142,734	2,105,905
Property, plant and equipment, gross	2,556,674	2,519,639
Less: accumulated depreciation and amortization	(1,196,792)	(1,166,033)
Property, plant and equipment, net	$ 1,359,882	$ 1,353,606

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Balance Sheet Components

3 Months Ended

Sep. 29, 2012

Balance Sheet Related Disclosures [Abstract]

Balance Sheet Components [Text Block]

BALANCE SHEET COMPONENTS

Accounts receivables, net consist of:

	September 29, 2012			June 30, 2012
Accounts Receivables:	(in thousands)
Accounts receivable	$	329,713		$	329,990
Returns and allowances	(13,175		)	(12,529		)
	$	316,538		$	317,461

Inventories consist of:

	September 29, 2012		June 30, 2012
Inventories:	(in thousands)
Raw materials	$	14,108	$	11,922
Work-in-process	160,442		149,603
Finished goods	84,139		80,637
	$	258,689	$	242,162

Property, plant and equipment, net consist of:

	September 29, 2012			June 30, 2012
Property, plant and equipment:	(in thousands)
Land	$	62,093		$	65,007
Buildings and building improvements	351,847			348,727
Machinery and equipment	2,142,734			2,105,905
	2,556,674			2,519,639
Less: accumulated depreciation and amortization	(1,196,792		)	(1,166,033		)
	$	1,359,882		$	1,353,606

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Fair Value Measurements (Details) (USD $) In Thousands, unless otherwise specified					3 Months Ended
	Sep. 29, 2012	Jun. 30, 2012	Sep. 24, 2011	Jun. 25, 2011	Sep. 29, 2012 Fair Value, Measurements, Recurring [Member]	Jun. 30, 2012 Fair Value, Measurements, Recurring [Member]	Jun. 25, 2011 Fair Value, Measurements, Recurring [Member]	Sep. 29, 2012 Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]	Jun. 30, 2012 Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]	Sep. 29, 2012 Fair Value, Measurements, Recurring [Member] Fair Value Measurements Using Level 1 [Member]	Jun. 30, 2012 Fair Value, Measurements, Recurring [Member] Fair Value Measurements Using Level 1 [Member]	Sep. 29, 2012 Fair Value, Measurements, Recurring [Member] Fair Value Measurements Using Level 2 [Member]	Jun. 30, 2012 Fair Value, Measurements, Recurring [Member] Fair Value Measurements Using Level 2 [Member]	Sep. 29, 2012 Fair Value, Measurements, Recurring [Member] Fair Value Measurements Using Level 3 [Member]	Jun. 30, 2012 Fair Value, Measurements, Recurring [Member] Fair Value Measurements Using Level 3 [Member]	Sep. 29, 2012 Fair Value, Measurements, Nonrecurring [Member]	Jun. 30, 2012 Fair Value, Measurements, Nonrecurring [Member]	Sep. 29, 2012 Money market funds [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]		Jun. 30, 2012 Money market funds [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]		Sep. 29, 2012 Money market funds [Member] Fair Value, Measurements, Recurring [Member] Fair Value Measurements Using Level 1 [Member]		Jun. 30, 2012 Money market funds [Member] Fair Value, Measurements, Recurring [Member] Fair Value Measurements Using Level 1 [Member]		Sep. 29, 2012 Money market funds [Member] Fair Value, Measurements, Recurring [Member] Fair Value Measurements Using Level 2 [Member]		Jun. 30, 2012 Money market funds [Member] Fair Value, Measurements, Recurring [Member] Fair Value Measurements Using Level 2 [Member]		Sep. 29, 2012 Money market funds [Member] Fair Value, Measurements, Recurring [Member] Fair Value Measurements Using Level 3 [Member]		Jun. 30, 2012 Money market funds [Member] Fair Value, Measurements, Recurring [Member] Fair Value Measurements Using Level 3 [Member]		Sep. 29, 2012 Certificates of deposit [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]		Jun. 30, 2012 Certificates of deposit [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]		Sep. 29, 2012 Certificates of deposit [Member] Fair Value, Measurements, Recurring [Member] Fair Value Measurements Using Level 1 [Member]		Jun. 30, 2012 Certificates of deposit [Member] Fair Value, Measurements, Recurring [Member] Fair Value Measurements Using Level 1 [Member]		Sep. 29, 2012 Certificates of deposit [Member] Fair Value, Measurements, Recurring [Member] Fair Value Measurements Using Level 2 [Member]		Jun. 30, 2012 Certificates of deposit [Member] Fair Value, Measurements, Recurring [Member] Fair Value Measurements Using Level 2 [Member]		Sep. 29, 2012 Certificates of deposit [Member] Fair Value, Measurements, Recurring [Member] Fair Value Measurements Using Level 3 [Member]		Jun. 30, 2012 Certificates of deposit [Member] Fair Value, Measurements, Recurring [Member] Fair Value Measurements Using Level 3 [Member]		Sep. 29, 2012 Government agency securities [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]		Jun. 30, 2012 Government agency securities [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]		Sep. 29, 2012 Government agency securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value Measurements Using Level 1 [Member]		Jun. 30, 2012 Government agency securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value Measurements Using Level 1 [Member]		Sep. 29, 2012 Government agency securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value Measurements Using Level 2 [Member]		Jun. 30, 2012 Government agency securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value Measurements Using Level 2 [Member]		Sep. 29, 2012 Government agency securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value Measurements Using Level 3 [Member]		Jun. 30, 2012 Government agency securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value Measurements Using Level 3 [Member]		Sep. 29, 2012 Foreign currency forward contracts [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]		Jun. 30, 2012 Foreign currency forward contracts [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]		Sep. 29, 2012 Foreign currency forward contracts [Member] Fair Value, Measurements, Recurring [Member] Fair Value Measurements Using Level 1 [Member]		Jun. 30, 2012 Foreign currency forward contracts [Member] Fair Value, Measurements, Recurring [Member] Fair Value Measurements Using Level 1 [Member]		Sep. 29, 2012 Foreign currency forward contracts [Member] Fair Value, Measurements, Recurring [Member] Fair Value Measurements Using Level 2 [Member]		Jun. 30, 2012 Foreign currency forward contracts [Member] Fair Value, Measurements, Recurring [Member] Fair Value Measurements Using Level 2 [Member]		Sep. 29, 2012 Foreign currency forward contracts [Member] Fair Value, Measurements, Recurring [Member] Fair Value Measurements Using Level 3 [Member]		Jun. 30, 2012 Foreign currency forward contracts [Member] Fair Value, Measurements, Recurring [Member] Fair Value Measurements Using Level 3 [Member]		Sep. 29, 2012 Accrued Liabilities [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]		Jun. 30, 2012 Accrued Liabilities [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]		Sep. 29, 2012 Accrued Liabilities [Member] Fair Value, Measurements, Recurring [Member] Fair Value Measurements Using Level 1 [Member]		Jun. 30, 2012 Accrued Liabilities [Member] Fair Value, Measurements, Recurring [Member] Fair Value Measurements Using Level 1 [Member]		Sep. 29, 2012 Accrued Liabilities [Member] Fair Value, Measurements, Recurring [Member] Fair Value Measurements Using Level 2 [Member]		Sep. 29, 2012 Accrued Liabilities [Member] Fair Value, Measurements, Recurring [Member] Fair Value Measurements Using Level 3 [Member]		Jun. 30, 2012 Accrued Liabilities [Member] Fair Value, Measurements, Recurring [Member] Fair Value Measurements Using Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases					$ 0	$ 11,354
Business acquisition,cash paid for contingent consideration					0	(4,087)
Cash and cash equivalents	849,850	881,060	710,041	962,541														417,569	[1]	602,462	[1]	417,569	[1]	602,462	[1]	0	[1]	0	[1]	0	[1]	0	[1]	6,185	[1]	6,182	[1]	0	[1]	0	[1]	6,185	[1]	6,182	[1]	0	[1]	0	[1]
Government agency securities	75,283	75,326																																																75,283	[2]	75,326	[2]	0	[2]	0	[2]	75,283	[2]	75,326	[2]	0	[2]	0	[2]
Foreign currency forward contracts																																																																		1,007	[3]	642	[3]	0	[3]	0	[3]	1,007	[3]	642	[3]	0	[3]	0	[3]
Total Assets								500,044	684,612	417,569	602,462	82,475	82,150	0	0
Foreign currency forward contracts																																																																		273	[4]	507	[4]	0	[4]	0	[4]	273	[4]	507	[4]	0	[4]	0	[4]
Business Acquisition, Contingent Consideration, at Fair Value, Current																																																																																		18,409	[4]	17,737	[4]	0	[4]	0	[4]	0	[4]	18,409	[4]	17,737	[4]
Total Liabilities								18,682	18,244	0	0	273	507	18,409	17,737
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value					18,409	17,737	8,800
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales					672	1,670
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) Included in Other Income					$ 672	$ 1,670

[1] Included in Cash and cash equivalents in the accompanying Condensed Consolidated Balance Sheets.

[2] Included in Short-term investments in the accompanying Condensed Consolidated Balance Sheets.

[3] Included in Other current assets in the accompanying Condensed Consolidated Balance Sheets.

[4] Included in Accrued expenses in the accompanying Condensed Consolidated Balance Sheets.

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Stock-Based Compensation (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Sep. 29, 2012	Sep. 24, 2011
Share-based Compensation, Allocation and Classification in Financial Statements [Abstract]
Allocated Share-based Compensation Expense	$ 22,497	$ 23,465
Less: Income tax effect	4,832	5,459
Net stock-based compensation expense	17,665	18,006
Stock options [Member]
Share-based Compensation, Allocation and Classification in Financial Statements [Abstract]
Allocated Share-based Compensation Expense	3,782	4,000
Restricted stock units [Member]
Share-based Compensation, Allocation and Classification in Financial Statements [Abstract]
Allocated Share-based Compensation Expense	16,500	17,390
ESP Plan [Member]
Share-based Compensation, Allocation and Classification in Financial Statements [Abstract]
Allocated Share-based Compensation Expense	$ 2,215	$ 2,075

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Goodwill and Intangible Assets, Intangible Assets (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Sep. 29, 2012	Sep. 24, 2011	Jun. 30, 2012
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Original Cost	$ 335,642		$ 331,642
Accumulated Amortization	163,512		150,009
Net	172,130		181,633
IPR&D	23,280		27,280
Gross Intangible Assets	358,922		358,922
Total purchased intangible assets	195,410		208,913
Amortization expense of intangible assets, cost of goods sold	9,454	9,434
Intangible asset amortization	4,049	4,321
Total intangible asset amortization expenses	13,503	13,755
Future amortization expense [Abstract]
Remaining nine months of 2013	37,487
2014	44,738
2015	41,535
2016	28,244
2017	18,233
2018	1,455
Thereafter	438
Total	172,130
Intellectual property [Member]
Finite and Indefinite Lived Intangible Assets [Line Items]
Amortizable intangible assets, useful life, minimum (in years)	5
Amortizable intangible assets, useful life, maximum (in years)	10
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Original Cost	231,912		227,912
Accumulated Amortization	112,158		102,501
Net	119,754		125,411
Customer relationships [Member]
Finite and Indefinite Lived Intangible Assets [Line Items]
Amortizable intangible assets, useful life, minimum (in years)	3
Amortizable intangible assets, useful life, maximum (in years)	10
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Original Cost	95,230		95,230
Accumulated Amortization	43,312		39,583
Net	51,918		55,647
Backlog [Member]
Finite and Indefinite Lived Intangible Assets [Line Items]
Amortizable intangible assets, useful life (in years)	1
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Original Cost	6,400		6,400
Accumulated Amortization	6,400		6,400
Net	0		0
Tradename [Member]
Finite and Indefinite Lived Intangible Assets [Line Items]
Amortizable intangible assets, useful life (in years)	3
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Original Cost	2,100		2,100
Accumulated Amortization	1,642		1,525
Net	458		575
In-Process Research and Development [Member]
Intangible Assets, Net (Excluding Goodwill) [Abstract]
IPR&D	$ 23,280		$ 27,280

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Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Sep. 29, 2012	Jun. 30, 2012
Current assets:
Cash and cash equivalents	$ 849,850	$ 881,060
Short-term Investments	75,283	75,326
Total cash, cash equivalents and short-term investments	925,133	956,386
Accounts receivable, net	316,538	317,461
Inventories	258,689	242,162
Deferred tax assets	71,561	98,180
Other current assets	94,875	85,177
Total current assets	1,666,796	1,699,366
Property, plant and equipment, net	1,359,882	1,353,606
Intangible assets, net	195,410	208,913
Goodwill	422,083	423,073
Other assets	60,403	52,988
TOTAL ASSETS	3,704,574	3,737,946
Current liabilities:
Accounts payable	127,306	147,086
Income taxes payable	19,437	22,589
Accrued salary and related expenses	132,847	191,846
Accrued expenses	72,510	64,092
Long-term Debt, Current Maturities	303,272	303,496
Deferred income on shipments to distributors	27,025	26,280
Total current liabilities	682,397	755,389
Long term debt	5,592	5,592
Income taxes payable	226,001	212,389
Deferred tax liabilities	195,893	198,502
Other liabilities	26,254	27,797
Total liabilities	1,136,137	1,199,669
Commitments and contingencies (Note 11)
Stockholders' equity:
Common stock and capital in excess of par value	292	293
Retained earnings	2,583,060	2,553,418
Accumulated other comprehensive loss	(14,915)	(15,434)
Total stockholders' equity	2,568,437	2,538,277
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	$ 3,704,574	$ 3,737,946

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Earnings Per Share (Details) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended
	Sep. 29, 2012	Sep. 24, 2011
Numerator for basic earnings per share and diluted earnings per share
Net income	$ 127,888	$ 133,446
Denominator for basic earnings per share	292,213,000	294,475,000
Effect of dilutive securities
Stock options, ESPP and RSUs	6,569,000	6,601,000
Denominator for diluted earnings per share	298,782,000	301,076,000
Earnings per share, Basic (per share)	$ 0.44	$ 0.45
Earnings per share, Diluted (per share)	$ 0.43	$ 0.44
Antidilutive securities excluded from computation of earnings per share	11,000,000	13,800,000

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Basis of Presentation

3 Months Ended

Sep. 29, 2012

Basis of Presentation [Abstract]

Basis of Presentation [Text Block]

BASIS OF PRESENTATION

The accompanying unaudited condensed interim consolidated financial statements of Maxim Integrated Products, Inc. and all of its majority-owned subsidiaries (collectively, the "Company" or "Maxim Integrated") included herein have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (the "SEC"). Certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with generally accepted accounting principles of the United States of America ("GAAP") have been condensed or omitted pursuant to applicable rules and regulations. In the opinion of management, all adjustments considered necessary for fair presentation have been included. The year-end condensed balance sheet data were derived from audited consolidated financial statements but do not include all disclosures required by GAAP. The results of operations for the three months ended September 29, 2012 are not necessarily indicative of the results to be expected for the entire year. These condensed interim consolidated financial statements should be read in conjunction with the consolidated financial statements and the notes thereto included in the Annual Report on Form 10-K for the fiscal year ended June 30, 2012.

The Company has a 52-to-53-week fiscal year that ends on the last Saturday in June. Accordingly, every fifth or sixth fiscal year will be a 53-week fiscal year. Fiscal year 2013 is a 52-week fiscal year, fiscal year 2012 was a 53-week fiscal year.

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Financial Instruments, Balance Sheet Location (Details) (USD $) In Thousands, unless otherwise specified	Sep. 29, 2012		Jun. 30, 2012
Derivatives, Fair Value [Line Items]
Notional amount of foreign exchange contracts	$ 599		$ 6,192
Notional amount of total derivatives	115,176	[1]	73,060	[1]
Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	1,007		642
Accrued Expenses [Member]
Derivatives, Fair Value [Line Items]
Derivative liabilities	273		507
Derivatives designated as hedging instruments [Member] | Cash Flow Hedging [Member]
Derivatives, Fair Value [Line Items]
Notional amount of foreign exchange contracts	59,107	[1]	37,955	[1]
Derivatives designated as hedging instruments [Member] | Cash Flow Hedging [Member] | Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Foreign exchange contracts, derivative assets	751		150
Derivatives designated as hedging instruments [Member] | Cash Flow Hedging [Member] | Accrued Expenses [Member]
Derivatives, Fair Value [Line Items]
Foreign exchange contracts, derivative liabilities	140		459
Derivatives not designated as hedging instruments [Member]
Derivatives, Fair Value [Line Items]
Notional amount of foreign exchange contracts	56,069	[1]	35,105	[1]
Derivatives not designated as hedging instruments [Member] | Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Foreign exchange contracts, derivative assets	256		492
Derivatives not designated as hedging instruments [Member] | Accrued Expenses [Member]
Derivatives, Fair Value [Line Items]
Foreign exchange contracts, derivative liabilities	$ 133		$ 48

[1] Represents the face amounts of contracts that were outstanding as of September 29, 2012 and June 30, 2012,

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Fair Value Measurements (Tables)

3 Months Ended

Sep. 29, 2012

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

Assets and liabilities measured at fair value on a recurring basis were as follows:

	As of September 29, 2012								As of June 30, 2012
	Fair Value								Fair Value
	Measurements Using						Total		Measurements Using						Total
	Level 1		Level 2		Level 3		Balance		Level 1		Level 2		Level 3		Balance
	(in thousands)
Assets
Money market funds (1)	$	417,569	$	—	$	—	$	417,569	$	602,462	$	—	$	—	$	602,462
Certificates of deposit (1)	—		6,185		—		6,185		—		6,182		—		6,182
Government agency securities (2)	—		75,283		—		75,283		—		75,326		—		75,326
Foreign currency forward contracts (3)	—		1,007		—		1,007		—		642		—		642
Total Assets	$	417,569	$	82,475	$	—	$	500,044	$	602,462	$	82,150	$	—	$	684,612
Liabilities
Foreign currency forward contracts (4)	$	—	$	273	$	—	$	273	$	—	$	507	$	—	$	507
Contingent Consideration (4)	—		—		18,409		18,409		—		—		17,737		17,737
Total Liabilities	$	—	$	273	$	18,409	$	18,682	$	—	$	507	$	17,737	$	18,244

(1) Included in Cash and cash equivalents in the accompanying Condensed Consolidated Balance Sheets.

(2) Included in Short-term investments in the accompanying Condensed Consolidated Balance Sheets.

(3) Included in Other current assets in the accompanying Condensed Consolidated Balance Sheets.

(4) Included in Accrued expenses in the accompanying Condensed Consolidated Balance Sheets.

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

The tables below present reconciliations for liabilities measured and recorded at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three months ended September 29, 2012 and for the year ended June 30, 2012:

Fair Value Measured and Recorded Using Significant Unobservable Inputs (Level 3)
	September 29, 2012		June 30, 2012
Contingent Consideration	(in thousands)
Beginning balance	$	17,737	$	8,800
Total gains or losses (realized and unrealized):
Included in earnings	672		1,670
Additions	—		11,354
Payments	—		(4,087		)
Ending balance	$	18,409	$	17,737
Changes in unrealized gains or losses included in earnings related to liabilities still held as of period end	$	672	$	1,670

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Financial Instruments, Changes in Accumulated Other Comprehensive Income (Loss) (Details) (USD $)	3 Months Ended
	Sep. 29, 2012	Sep. 24, 2011	Sep. 29, 2012 Derivatives designated as hedging instruments [Member]	Jun. 30, 2012 Derivatives designated as hedging instruments [Member]	Jun. 25, 2011 Derivatives designated as hedging instruments [Member]
Accumulated other comprehensive income (loss) related to derivative instruments
Beginning balance	$ (15,434,000)		$ 309,000		$ (234,000)
Loss reclassified to income			6,000	653,000
Amount recorded in other comprehensive loss	585,000	(325,000)	(926,000)	(110,000)
Ending balance	(14,915,000)		(611,000)	309,000	(234,000)
Estimated net accumulated other comprehensive loss, net of taxes, to be reclassified to earings in the next twelve months	$ 400,000

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Stock-Based Compensation (Tables)

3 Months Ended

Sep. 29, 2012

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]

The following table shows pre-tax stock-based compensation expense by income statement classification:

	Three Months Ended
	September 29, 2012		September 24, 2011
	(in thousands)
Cost of goods sold	$	2,988	$	3,257
Research and development	12,323		13,261
Selling, general and administrative	7,186		6,947
	$	22,497	$	23,465

The following table shows total stock-based compensation expense by type of award, and the resulting tax effect, included in the Condensed Consolidated Statements of Income for the three months ended September 29, 2012 and September 24, 2011:

Stock-based compensation expense by type of award
	Three Months Ended
	September 29, 2012		September 24, 2011
	(in thousands)
Stock options	$	3,782	$	4,000
Restricted stock units	16,500		17,390
Employee stock purchase plan	2,215		2,075
Pre-tax stock-based compensation expense	22,497		23,465
Less: income tax effect	4,832		5,459
Net stock-based compensation expense	$	17,665	$	18,006

Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding [Table Text Block]

The following table summarizes outstanding, exercisable and vested and expected to vest stock options as of September 29, 2012 and their activity for the three months ended September 29, 2012:

	Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in Years)	Aggregate Intrinsic Value (1)
Balance at June 30, 2012	24,234,994		$	25.20
Options Granted	2,530,804		27.26
Options Exercised	(1,098,144	)	17.47
Options Cancelled	(928,478	)	34.90
Balance at September 29, 2012	24,739,176		$	25.39	3.7	$	130,703,636
Exercisable, September 29, 2012	12,813,102		$	29.72	2.2	$	49,479,720
Vested and expected to vest, September 29, 2012	23,149,811		$	25.56	3.6	$	123,286,805

(1) Aggregate intrinsic value represents the difference between the exercise price and the closing price per share of the Company's common stock on September 28, 2012, the last business day preceding the fiscal quarter-end, multiplied by the number of options outstanding, exercisable or vested and expected to vest as of September 29, 2012.

Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Vested and Expected to Vest [Table Text Block]

The following table summarizes outstanding and expected to vest RSUs as of September 29, 2012 and their activity during the three months ended September 29, 2012:

	Number of Shares		Weighted Average Remaining Contractual Term (in Years)	Aggregate Intrinsic Value (1)
Balance at June 30, 2012	8,923,454
Restricted stock units granted	2,392,659
Restricted stock units released	(822,458	)
Restricted stock units cancelled	(165,545	)
Balance at September 29, 2012	10,328,110		3.0	$	285,375,233
Vested and expected to vest, September 29, 2012	8,966,075		2.9	$	246,656,725

(1) Aggregate intrinsic value for RSUs represents the closing price per share of the Company's common stock on September 28, 2012, the last business day preceding the fiscal quarter-end, multiplied by the number of RSUs outstanding or expected to vest as of September 29, 2012.

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The fair value of share-based awards granted to employees has been estimated at the date of grant using the Black-Scholes option valuation model and the following weighted-average assumptions:

	1996 Stock Incentive Plan
	Three Months Ended
	September 29, 2012		September 24, 2011
Expected holding period (in years)	5.4		5.3
Risk-free interest rate	0.7	%	1.4	%
Expected stock price volatility	37.8	%	38.0	%
Dividend yield	3.3	%	3.2	%

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Recently Issued Accounting Pronouncements

3 Months Ended

Sep. 29, 2012

Recently Issued Accounting Pronouncements [Abstract]

Recently Issued Accounting Pronouncements [Text Block]

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

In the first quarter of fiscal year 2013, the Company adopted Accounting Standards Update No. 2011-05, Comprehensive Income (Topic 220)-Presentation of Comprehensive Income and Accounting Standards Update No. 2011-12, Comprehensive Income (Topic 220)-Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05. The adoption of these amended standards impacted the presentation of other comprehensive income, as the Company elected to present two separate but consecutive statements, but did not impact our financial position or results of operations.

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Condensed Consolidated Statements of Income (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Sep. 29, 2012	Sep. 24, 2011
Net revenues	$ 623,075	$ 636,002
Cost of goods sold	237,384	240,529
Gross margin	385,691	395,473
Operating expenses:
Research and development	132,930	140,213
Selling, general and administrative	80,187	82,456
Intangible asset amortization	4,049	4,321
Impairment of Long-Lived Assets to be Disposed of	2,707	0
Severance and restructuring expenses	0	492
Other operating (income) expenses, net	415	(4,389)
Total operating expenses	220,288	223,093
Operating income	165,403	172,380
Interest and other expense, net	(5,742)	(4,100)
Income before provision for income taxes	159,661	168,280
Provision for income taxes	31,773	34,834
Net income	$ 127,888	$ 133,446
Earnings per share:
Basic (per share)	$ 0.44	$ 0.45
Diluted (per share)	$ 0.43	$ 0.44
Shares used in the calculation of earnings per share:
Basic (in shares)	292,213	294,475
Diluted (in shares)	298,782	301,076
Dividends paid per share	$ 0.24	$ 0.22

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Common Stock Repurchases

3 Months Ended

Sep. 29, 2012

Common Stock Repurchases [Abstract]

Common Stock Repurchases [Text Block]

COMMON STOCK REPURCHASES

In August 2011, the Board of Directors authorized the Company to repurchase up to $750 million of the Company's common stock from time to time at the discretion of the Company's management. This stock repurchase authorization has no expiration date. All prior authorizations by the Company's Board of Directors for the repurchase of common stock were canceled and superseded by this authorization.

During the three months ended September 29, 2012, the Company repurchased approximately 2.5 million shares of its common stock for $65.1 million. As of September 29, 2012, the Company had remaining authorization to repurchase up to an additional $486.1 million of the Company's common stock. The number of shares to be repurchased and the timing of such repurchases will be based on several factors, including the price of the Company's common stock and general market and business conditions.

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Document and Entity Information	3 Months Ended
	Sep. 29, 2012	Oct. 19, 2012
Entity Information [Line Items]
Entity Registrant Name	MAXIM INTEGRATED PRODUCTS INC
Entity Central Index Key	0000743316
Trading Symbol	MXIM
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 29, 2012
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--06-29
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		291,584,856

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Acquisitions

3 Months Ended

Sep. 29, 2012

Acquisition [Abstract]

Acquisitions [Text Block]

ACQUISITIONS

Acquisitions completed during fiscal year 2012

The purchase price allocation for acquisitions completed in fiscal year 2012 is set forth in the table below, including work performed by third-party valuation specialists.

Pro forma results of operations for these acquisitions have not been presented because they are not material to Maxim Integrated's condensed consolidated income, either individually or in the aggregate. Revenue and earnings per share for the acquired businesses since the date of acquisition through September 29, 2012 were not provided as they are not material. Goodwill, which represents the excess of the purchase price over the net tangible and intangible assets acquired, is not expected to be deductible for tax purposes. Acquisition costs for fiscal year 2012 were not material.

Aggregate purchase price allocation for acquisitions made by Maxim Integrated during fiscal year 2012:

	SensorDynamics			Other acquisitions			Total
				(in thousands)
Tangible assets	$	18,692		$	1,159		$	19,851
Debt assumed	(29,078		)	—			(29,078		)
Other liabilities assumed	(37,559		)	(4,729		)	(42,288		)
Net liabilities assumed	(47,945		)	(3,570		)	(51,515		)
Amortizable intangible assets	20,900			17,840			38,740
In-process research and development ("IPR&D")	19,600			—			19,600
Goodwill (1)	130,594			38,392			168,986
Total purchase price (1)	$	123,149		$	52,662		$	175,811

(1) Includes $11.4 million of contingent consideration relating to the other acquisitions discussed further below.

The following table presents details of the Company's intangible assets acquired through business combinations completed during fiscal year 2012 (in thousands, except years):

	Intellectual Property			Customer Relationships			Trademark			Total
	Weighted Average Useful Life (in Years)	Amount		Weighted Average Useful Life (in Years)	Amount		Weighted Average Useful Life (in Years)	Amount
SensorDynamics	7.0	$	16,400	7.0	$	4,100	3.0	$	400	$	20,900
Other acquisitions	9.2	15,340		3.0	2,500		—	—		17,840
Total		$	31,740		$	6,600		$	400	$	38,740
Weighted Average (in Years)	8.1			5.5			3.0

SENSORDYNAMICS

On July 18, 2011, the Company acquired SensorDynamics, a semiconductor company that develops proprietary sensor and microelectromechanical solutions. SensorDynamics is based in Lebring, near Graz, Austria. The purpose of the acquisition was to allow Maxim Integrated to combine sensors with analog products. The total cash consideration associated with the acquisition was approximately $123.1 million.

OTHER ACQUISITIONS

The Company acquired three other companies during fiscal year 2012, which included a company that develops low power high performance analog circuits. The total cash consideration paid in these three Acquisitions was approximately $41.3 million. Maxim Integrated also recorded $11.4 million, representing the fair value of contingent consideration that would be payable in the future should certain specified project milestones be met. Total contingent consideration that could be paid out under the agreements amounts to $16.0 million. The contingent consideration was calculated based on probabilities that were developed regarding the likelihood that the product development milestones would be met and when the contingent payments would occur. Based on these factors, a probability weighted earnout amount was calculated and discounted (at the cost of debt) to present value.

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Condensed Consolidated Statements of Comprehensive Income (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Sep. 29, 2012	Sep. 24, 2011
Net income	$ 127,888	$ 133,446
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax	(35)	(47)
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax	585	(325)
Deferred Tax on Unrealized Exchange Gain Loss on Long Term Intercompany Receivable	(1,082)	243
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net Unamortized (Gain) Loss Arising During Period, Net of Tax	1,051	62
Other Comprehensive Income (Loss), Net of Tax	519	(67)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$ 128,407	$ 133,379

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Earnings Per Share

3 Months Ended

Sep. 29, 2012

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

EARNINGS PER SHARE

Basic earnings per share are computed using the weighted average number of shares of common stock outstanding during the period. For purposes of computing basic earnings per share, the weighted average number of outstanding shares of common stock excludes unvested RSUs. Diluted earnings per share incorporates the incremental shares issuable upon the assumed exercise of stock options, assumed release of unvested RSUs and assumed issuance of common stock under the employee stock purchase plans using the treasury stock method.

The following table sets forth the computation of basic and diluted earnings per share.

	Three Months Ended
	September 29, 2012		September 24, 2011
	(in thousands, except per share data)
Numerator for basic earnings per share and diluted earnings per share
Net income	$	127,888	$	133,446
Denominator for basic earnings per share	292,213		294,475
Effect of dilutive securities:
Stock options, ESPP and RSUs	6,569		6,601
Denominator for diluted earnings per share	298,782		301,076
Earnings per share
Basic	$	0.44	$	0.45
Diluted	$	0.43	$	0.44

Approximately 11.0 million and 13.8 million stock options were excluded from the calculation of diluted earnings per share for the three months ended September 29, 2012 and September 24, 2011, respectively. These options were excluded because they were determined to be antidilutive. However, such options could be dilutive in the future and, under those circumstances, would be included in the calculation of diluted earnings per share.

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Stock-Based Compensation

3 Months Ended

Sep. 29, 2012

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-Based Compensation [Text Block]

STOCK-BASED COMPENSATION

The following table shows total stock-based compensation expense by type of award, and the resulting tax effect, included in the Condensed Consolidated Statements of Income for the three months ended September 29, 2012 and September 24, 2011:

Stock-based compensation expense by type of award
	Three Months Ended
	September 29, 2012		September 24, 2011
	(in thousands)
Stock options	$	3,782	$	4,000
Restricted stock units	16,500		17,390
Employee stock purchase plan	2,215		2,075
Pre-tax stock-based compensation expense	22,497		23,465
Less: income tax effect	4,832		5,459
Net stock-based compensation expense	$	17,665	$	18,006

The following table shows pre-tax stock-based compensation expense by income statement classification:

	Three Months Ended
	September 29, 2012		September 24, 2011
	(in thousands)
Cost of goods sold	$	2,988	$	3,257
Research and development	12,323		13,261
Selling, general and administrative	7,186		6,947
	$	22,497	$	23,465

Fair Value

The fair value of options granted to employees under the Company's 1996 Stock Incentive Plan and rights to acquire common stock under the Company's 2008 Employee Stock Purchase Plan (the "ESPP") is estimated on the date of grant using the Black-Scholes option valuation model. The fair value of Restricted Stock Units ("RSUs") is estimated using the value of the Company's common stock on the date of grant, reduced by the present value of dividends expected to be paid on the Company's common stock prior to vesting.

Expected volatilities are based on the historical volatilities from the Company's traded common stock over a period equal to the expected term. The Company is utilizing the simplified method to estimate expected holding periods. The risk-free interest rate is based on the U.S. Treasury yield. The Company determines the dividend yield by dividing the annualized dividends per share by the prior quarter's average stock price. The result is analyzed by the Company to decide whether it represents expected future dividend yield. The Company also estimates forfeitures at the time of grant and makes revisions to forfeitures on a quarterly basis.

The fair value of share-based awards granted to employees has been estimated at the date of grant using the Black-Scholes option valuation model and the following weighted-average assumptions:

	1996 Stock Incentive Plan
	Three Months Ended
	September 29, 2012		September 24, 2011
Expected holding period (in years)	5.4		5.3
Risk-free interest rate	0.7	%	1.4	%
Expected stock price volatility	37.8	%	38.0	%
Dividend yield	3.3	%	3.2	%

The weighted-average fair value of stock options granted was $6.24 and $5.79 per share for the three months ended September 29, 2012 and September 24, 2011, respectively. The weighted-average fair value of RSUs granted was $24.31 and $19.69 per share for the three months ended September 29, 2012 and September 24, 2011, respectively.

Stock Options

The following table summarizes outstanding, exercisable and vested and expected to vest stock options as of September 29, 2012 and their activity for the three months ended September 29, 2012:

	Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in Years)	Aggregate Intrinsic Value (1)
Balance at June 30, 2012	24,234,994		$	25.20
Options Granted	2,530,804		27.26
Options Exercised	(1,098,144	)	17.47
Options Cancelled	(928,478	)	34.90
Balance at September 29, 2012	24,739,176		$	25.39	3.7	$	130,703,636
Exercisable, September 29, 2012	12,813,102		$	29.72	2.2	$	49,479,720
Vested and expected to vest, September 29, 2012	23,149,811		$	25.56	3.6	$	123,286,805

(1) Aggregate intrinsic value represents the difference between the exercise price and the closing price per share of the Company's common stock on September 28, 2012, the last business day preceding the fiscal quarter-end, multiplied by the number of options outstanding, exercisable or vested and expected to vest as of September 29, 2012.

As of September 29, 2012, there was $42.8 million of total unrecognized stock compensation cost related to 11.9 million unvested stock options, which is expected to be recognized over a weighted average period of approximately 3.1 years.

Restricted Stock Units

The following table summarizes outstanding and expected to vest RSUs as of September 29, 2012 and their activity during the three months ended September 29, 2012:

	Number of Shares		Weighted Average Remaining Contractual Term (in Years)	Aggregate Intrinsic Value (1)
Balance at June 30, 2012	8,923,454
Restricted stock units granted	2,392,659
Restricted stock units released	(822,458	)
Restricted stock units cancelled	(165,545	)
Balance at September 29, 2012	10,328,110		3.0	$	285,375,233
Vested and expected to vest, September 29, 2012	8,966,075		2.9	$	246,656,725

(1) Aggregate intrinsic value for RSUs represents the closing price per share of the Company's common stock on September 28, 2012, the last business day preceding the fiscal quarter-end, multiplied by the number of RSUs outstanding or expected to vest as of September 29, 2012.

The Company withheld shares totaling $7.1 million in value as a result of employee withholding taxes based on the value of the RSUs on their vesting date as determined by the Company's closing stock price for the three months ended September 29, 2012. The total payments for the employees' tax obligations to the taxing authorities are reflected as financing activities within the Condensed Consolidated Statements of Cash Flows.

As of September 29, 2012, there was $153.3 million of unrecognized compensation expense related to 10.3 million unvested RSUs, which is expected to be recognized over a weighted average period of approximately 3.0 years.

Employee Stock Purchase Plan

As of September 29, 2012, there was $3.0 million of unrecognized compensation expense related to the ESPP.

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Financial Instruments (Tables)

3 Months Ended

Sep. 29, 2012

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Available-for-sale investments [Table Text Block]

Fair values were as follows:

	September 29, 2012								June 30, 2012
	Amortized Cost		Gross Unrealized Gain		Gross Unrealized Loss		Estimated Fair Value		Amortized Cost		Gross Unrealized Gain		Gross Unrealized Loss		Estimated Fair Value
	(in thousands)
Available-for-sale investments
Government agency securities	$	75,021	$	262	$	—	$	75,283	$	75,007	$	319	$	—	$	75,326
Total available-for-sale investments	$	75,021	$	262	$	—	$	75,283	$	75,007	$	319	$	—	$	75,326

Schedule of derivative financial instruments in the Condensed Consolidated Balance Sheets [Table Text Block]

The gross notional and the recorded fair value of derivative financial instruments in the Condensed Consolidated Balance Sheets were as follows:

	As of September 29, 2012						As of June 30, 2012
	Gross Notional(1)		Other Current Assets		Accrued Expenses		Gross Notional (1)		Other Current Assets		Accrued Expenses
	(in thousands)
Derivatives designated as hedging instruments
Cash flow hedges:
Foreign exchange contracts	$	59,107	$	751	$	140	$	37,955	$	150	$	459
Derivatives not designated as hedging instruments
Foreign exchange contracts	56,069		256		133		35,105		492		48
Total derivatives	$	115,176	$	1,007	$	273	$	73,060	$	642	$	507

(1) Represents the face amounts of contracts that were outstanding as of September 29, 2012 and June 30, 2012,

Changes in accumulated other comprehensive income (loss) related to derivative instruments [Table Text Block]

The following table provides the balances and changes in the accumulated other comprehensive loss (income) related to derivative instruments during the three months ended September 29, 2012 and the year ended June 30, 2012.

	September 29, 2012			June 30, 2012
	(in thousands)
Beginning balance	$	309		$	(234	)
Gain (loss) reclassified to income	6			653
Loss (gain) recorded in other comprehensive loss	(926		)	(110		)
Ending balance	$	(611	)	$	309

Before-tax effect of cash flow derivative instruments [Table Text Block]

The before-tax effect of cash flow derivative instruments for the three months ended September 29, 2012 and September 24, 2011 was as follows:

	Loss (Gain) Reclassified from Accumulated OCI into Income (Effective portion)
		Three Months Ended
	Location	September 29, 2012			September 24, 2011
		(in thousands)
Cash Flow hedges:
Foreign exchange contracts	Net revenues	$	25		$	(243	)
Foreign exchange contracts	Cost of goods sold	252			195
Foreign exchange contracts	Operating expenses	(283		)	—
Total cash flow hedges		$	(6	)	$	(48	)

Before-tax effect of derivative instruments not designated as hedging instruments on Condensed Consolidated Statements of Income [Table Text Block]

The before-tax effect of derivative instruments not designated as hedging instruments on the Condensed Consolidated Statements of Income for the three months ended September 29, 2012 and September 24, 2011 was as follows:

	Gain (Loss) Recognized in Income on Derivative Instrument
		Three Months Ended
	Location	September 29, 2012			September 24, 2011
		(in thousands)
Foreign exchange contracts	Interest and other expense, net	$	(1,696	)	$	529
Total		$	(1,696	)	$	529

Total net U.S. Dollar notional amountsfor foreign currency forward contracts [Text Block]

Total net U.S. Dollar notional amounts for foreign currency forward contracts, presented by net currency purchase (sell), are as follows:

In United States Dollars	September 29, 2012			June 30, 2012
	(in thousands)
Euro	$	(19,550	)	$	(10,686	)
Japanese Yen	(4,917		)	(2,254		)
British Pound	(2,497		)	(575		)
Philippine Peso	22,472			15,443
Thai Baht	5,091			4,264
Total	$	599		$	6,192

Schedule of long-term debt [Table Text Block]

The following table summarizes the Company's long-term debt:

	September 29, 2012			June 30, 2012
	(in thousands)
3.45% fixed rate notes due June 2013	$	300,000		$	300,000
SensorDynamics Debt (Denominated in Euro)
Term fixed rate notes (2.0%-2.5%) due March 2013 to September 2015	6,285			6,285
Amortizing fixed rate notes (1.5%-2.75%) due up to June 2014	903			1,127
Amortizing floating rate notes (EURIBOR plus 1.5%) due up to June 2014	1,676			1,676
Total	308,864			309,088
Less: Current portion	(303,272		)	(303,496		)
Total long-term debt	$	5,592		$	5,592

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Goodwill and Intangible Assets

3 Months Ended

Sep. 29, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets [Text Block]

GOODWILL AND INTANGIBLE ASSETS

Goodwill

The Company monitors the recoverability of goodwill recorded in connection with acquisitions, by reporting unit, annually, or more often if events or changes in circumstances indicate that the carrying amount may not be recoverable. The Company performed the annual impairment analysis during the first quarter of fiscal year 2013 and concluded that goodwill was not impaired, as the fair value of each reporting unit exceeded its carrying value, including goodwill.

Activity and goodwill balances for the three months ended September 29, 2012 were as follows:

	Goodwill
	(in thousands)
Balance at June 30, 2012	$	423,073
Adjustments	(990		)
Balance at September 29, 2012	$	422,083

Intangible Assets

The useful lives of amortizable intangible assets are as follows:

Asset	Life
Intellectual Property	5-10 years
Customer Relationships	3-10 years
Tradename	3 years
Backlog	1 year

Intangible assets consisted of the following:

	September 29, 2012						June 30, 2012
	Original Cost		Accumulated Amortization		Net		Original Cost		Accumulated Amortization		Net
	(in thousands)
Intellectual property	$	231,912	$	112,158	$	119,754	$	227,912	$	102,501	$	125,411
Customer relationships	95,230		43,312		51,918		95,230		39,583		55,647
Backlog	6,400		6,400		—		6,400		6,400		—
Tradename	2,100		1,642		458		2,100		1,525		575
Total amortizable purchased intangible assets	335,642		163,512		172,130		331,642		150,009		181,633
IPR&D	23,280		—		23,280		27,280		—		27,280
Total purchased intangible assets	$	358,922	$	163,512	$	195,410	$	358,922	$	150,009	$	208,913

The following table presents the amortization expense of intangible assets and its presentation in the Condensed Consolidated Statements of Income:

	Three Months Ended
	September 29, 2012		September 24, 2011
	(in thousands)
Cost of goods sold	$	9,454	$	9,434
Intangible asset amortization	4,049		4,321
Total intangible asset amortization expenses	$	13,503	$	13,755

The following table represents the estimated future amortization expense of intangible assets as of September 29, 2012:

Fiscal Year	Amount
	(in thousands)
Remaining nine months of 2013	$	37,487
2014	44,738
2015	41,535
2016	28,244
2017	18,233
2018	1,455
Thereafter	438
Total intangible assets	$	172,130

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Income Taxes

3 Months Ended

Sep. 29, 2012

Income Tax Disclosure [Abstract]

Income Taxes [Text Block]

INCOME TAXES

In the three months ended September 29, 2012, the Company recorded an income tax provision of $31.8 million, compared to an income tax provision of $34.8 million in the three months ended September 24, 2011. 

In fiscal year 2012 the U.S. Internal Revenue Service commenced an audit of the Company's federal corporate income tax returns for fiscal years 2009 through 2011, which is still ongoing.

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Segment Information

3 Months Ended

Sep. 29, 2012

Segment Reporting [Abstract]

Segment Information [Text Block]

SEGMENT INFORMATION

The Company operates and tracks its results in one reportable segment. The Company designs, develops, manufactures and markets a broad range of linear and mixed signal integrated circuits. The Chief Executive Officer has been identified as the Chief Operating Decision Maker as defined by ASC No. 280, Disclosures about Segments Reporting ("ASC 280").

The Company has three operating segments which aggregate into one reportable segment. Under ASC 280, two or more operating segments may be aggregated into a single operating segment for financial reporting purposes if aggregation is consistent with the objective and basic principles of ASC 280, if the segments have similar economic characteristics, and if the segments are similar in each of the following areas:

• the nature of products and services;

• the nature of the production processes;

• the type or class of customer for their products and services; and

• the methods used to distribute their products or provide their services.

The Company meets each of the aggregation criteria for the following reasons:

• the sale of analog and mixed signal integrated circuits is the primary source of revenue for each of the Company's three operating segments;

• the integrated circuits sold by each of the Company's operating segments are manufactured using similar semiconductor manufacturing processes;

• the integrated circuits marketed by each of the Company's operating segments are sold to the same types of customers; and

• all of the Company's integrated circuits are sold through a centralized sales force and common wholesale distributors.

All of the Company's operating segments share similar economic characteristics as they have a similar long term business model. The causes for variation among the Company's operating segments are the same and include factors such as (i) life cycle and price and cost fluctuations, (ii) number of competitors, (iii) product differentiation and (iv) size of market opportunity. Additionally, each operating segment is subject to the overall cyclical nature of the semiconductor industry. The number and composition of employees and the amounts and types of tools and materials required are similar for each operating segment. Finally, even though the Company periodically reorganizes the Company's operating segments based upon changes in customers, end-markets or products, acquisitions, long-term growth strategies, and the experience and bandwidth of the senior executives in charge, the common financial goals for each operating segment remain constant.

Enterprise-wide information is provided in accordance with ASC 280. Geographical revenue information is based on customers' ship-to location. Long-lived assets consist of property, plant and equipment. Property, plant and equipment information is based on the physical location of the assets at the end of each fiscal year.

Net revenues from unaffiliated customers by geographic region were as follows:

	Three Months Ended
	September 29, 2012		September 24, 2011
	(in thousands)
United States	$	59,121	$	76,929
China	274,905		276,430
Japan	35,816		36,907
Korea	64,379		65,761
Rest of Asia	101,611		80,314
Europe	70,907		83,638
Rest of World	16,336		16,023
	$	623,075	$	636,002

Net long-lived assets by geographic region were as follows:

	September 29, 2012		June 30, 2012
	(in thousands)
United States	$	1,008,500	$	957,982
Philippines	208,624		247,681
Thailand	92,646		99,308
Rest of World	50,112		48,635
	$	1,359,882	$	1,353,606

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Comprehensive Income

3 Months Ended

Sep. 29, 2012

Statement of Income and Comprehensive Income [Abstract]

Comprehensive Income [Text Block]

COMPREHENSIVE INCOME

The components of Accumulated Other Comprehensive Loss were as follows:

	September 29, 2012			June 30, 2012
	(in thousands)
Tax effect of the unrealized exchange loss on long-term intercompany receivables	$	(7,551	)	$	(6,469	)
Unrealized loss on post-retirement benefits	(6,393		)	(7,444		)
Cumulative translation adjustment	(1,527		)	(1,527		)
Unrealized gain (loss) on cash flow hedges	389			(196		)
Unrealized gain on available-for-sale securities	167			202
Accumulated Other Comprehensive Loss	$	(14,915	)	$	(15,434	)

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Commitments and Contingencies

3 Months Ended

Sep. 29, 2012

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies [Text Block]

COMMITMENTS AND CONTINGENCIES

Legal Proceedings

We are party or subject to various legal proceedings and claims, either asserted or unasserted, which arise in the ordinary course of business, including proceedings and claims that relate to intellectual-property matters. While the outcome of these matters cannot be predicted with certainty, we do not believe that the outcome of any of these matters, individually or in the aggregate, will result in losses that are materially in excess of amounts already recognized or reserved, if any.

Indemnifications

The Company indemnifies certain customers, distributors, suppliers and subcontractors for attorney fees and damages and costs awarded against such parties in certain circumstances in which the Company's products are alleged to infringe third party intellectual property rights, including patents, registered trademarks and copyrights. The terms of the Company's indemnification obligations are generally perpetual from the effective date of the agreement. In certain cases, there are limits on and exceptions to the Company's potential liability for indemnification relating to intellectual property infringement claims.

Legal fees associated with indemnification obligations, defense and other related costs

Pursuant to the Company's charter documents and separate written indemnification agreements, the Company has certain indemnification obligations to its current executive officers and directors, as well as certain former officers and directors. Pursuant to such obligations, the Company has incurred expenses related to legal fees and expenses advanced to certain former officers of the Company subject to civil charges by the SEC in connection with Maxim Integrated's historical stock option granting practices.  The Company expenses such amounts as incurred.

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Financial Instruments, Short-term Investments (Details) (USD $) In Thousands, unless otherwise specified			3 Months Ended
	Sep. 29, 2012	Jun. 30, 2012	Sep. 29, 2012 Short-Term Investment [Member]	Sep. 29, 2012 Government agency securities [Member]	Jun. 30, 2012 Government agency securities [Member]
Available-for-sale Securities [Abstract]
Amortized Cost	$ 75,021	$ 75,007		$ 75,021	$ 75,007
Gross Unrealized Gain	262	319		262	319
Gross Unrealized Loss	0	0		0	0
Estimated Fair Value	75,283	75,326		75,283	75,326
Impairment charges on short-term investments			$ 0

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Acquisitions (Details) (USD $)			12 Months Ended						12 Months Ended					12 Months Ended
	Jun. 30, 2012		Jun. 30, 2012 Intellectual property [Member] years	Jun. 30, 2012 Customer relationships [Member] years	Jun. 30, 2012 Trademark [Member] years	Jun. 30, 2012 Sensor Dynamics [Member]		Jul. 18, 2011 Sensor Dynamics [Member]	Jun. 30, 2012 Sensor Dynamics [Member] Intellectual property [Member] years	Jun. 30, 2012 Sensor Dynamics [Member] Customer relationships [Member] years	Jun. 30, 2012 Sensor Dynamics [Member] Trademark [Member] years	Jun. 30, 2012 Other Acquisition [Member]		Jun. 30, 2012 Other Acquisition [Member] Intellectual property [Member] years	Jun. 30, 2012 Other Acquisition [Member] Customer relationships [Member] years	Jun. 30, 2012 Other Acquisition [Member] Trademark [Member] years
Business Acquisition, Purchase Price Allocation [Abstract]
Tangible assets	$ 19,851,000					$ 18,692,000						$ 1,159,000
Debt assumed	(29,078,000)					(29,078,000)						0
Business Acquisition Purchase Price Allocation Other Liabilities Assumed	(42,288,000)					(37,559,000)						(4,729,000)
Net liabilities assumed	(51,515,000)					(47,945,000)						(3,570,000)
Amortizable intangible assets	38,740,000		31,740,000	6,600,000	400,000	20,900,000			16,400,000	4,100,000	400,000	17,840,000		15,340,000	2,500,000	0
In-process research and development (IPR&D)	19,600,000					19,600,000						0
Goodwill	168,986,000	[1]				130,594,000	[1]					38,392,000	[1]
Total purcahse price	175,811,000	[1]				123,149,000	[1]					52,662,000	[1]
Fair value of contingent consideration												11,400,000
Total cash consideration								123,100,000				41,300,000
Acquired finite-lived intangible asset, Weighted Average Useful Life (in Years)			8.1	5.5	3				7	7	3			9.2	3	0.0
Business acquisition contingent consideration potential cash payment												$ 16,000,000

[1] Includes $11.4 million of contingent consideration relating to the other acquisitions discussed further below.

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Balance Sheet Components (Tables)

3 Months Ended

Sep. 29, 2012

Balance Sheet Related Disclosures [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

Accounts receivables, net consist of:

	September 29, 2012			June 30, 2012
Accounts Receivables:	(in thousands)
Accounts receivable	$	329,713		$	329,990
Returns and allowances	(13,175		)	(12,529		)
	$	316,538		$	317,461

Schedule of Inventory, Current [Table Text Block]

Inventories consist of:

	September 29, 2012		June 30, 2012
Inventories:	(in thousands)
Raw materials	$	14,108	$	11,922
Work-in-process	160,442		149,603
Finished goods	84,139		80,637
	$	258,689	$	242,162

Property, Plant and Equipment [Table Text Block]

Property, plant and equipment, net consist of:

	September 29, 2012			June 30, 2012
Property, plant and equipment:	(in thousands)
Land	$	62,093		$	65,007
Buildings and building improvements	351,847			348,727
Machinery and equipment	2,142,734			2,105,905
	2,556,674			2,519,639
Less: accumulated depreciation and amortization	(1,196,792		)	(1,166,033		)
	$	1,359,882		$	1,353,606

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Segment Information (Tables)

3 Months Ended

Sep. 29, 2012

Segment Reporting [Abstract]

Schedule of Revenue from External Customers by Geographical Areas [Table Text Block]

Net revenues from unaffiliated customers by geographic region were as follows:

	Three Months Ended
	September 29, 2012		September 24, 2011
	(in thousands)
United States	$	59,121	$	76,929
China	274,905		276,430
Japan	35,816		36,907
Korea	64,379		65,761
Rest of Asia	101,611		80,314
Europe	70,907		83,638
Rest of World	16,336		16,023
	$	623,075	$	636,002

Schedule of Long Lived Assets by Geographical Areas [Table Text Block]

Net long-lived assets by geographic region were as follows:

	September 29, 2012		June 30, 2012
	(in thousands)
United States	$	1,008,500	$	957,982
Philippines	208,624		247,681
Thailand	92,646		99,308
Rest of World	50,112		48,635
	$	1,359,882	$	1,353,606

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Income Taxes (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Sep. 29, 2012	Sep. 24, 2011
Income Tax Disclosure [Abstract]
Provision for income taxes	$ 31,773	$ 34,834

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Stock-Based Compensation, Fair Value of Options (Details) (USD $)	3 Months Ended
	Sep. 29, 2012	Sep. 24, 2011
Stock Option [Member]
Weighted-average Assumptions Used for Fair Value of Award Granted [Abstract]
Options granted, weighted average fair value of stock options (per share)	$ 6.24	$ 5.79
Stock options [Member]
Weighted-average Assumptions Used for Fair Value of Award Granted [Abstract]
Expected holding period (in years)	5.4	5.3
Risk-free interest rate	0.70%	1.40%
Expected stock price volatility	37.80%	38.00%
Dividend yield	3.30%	3.20%
Restricted stock units [Member]
Weighted-average Assumptions Used for Fair Value of Award Granted [Abstract]
Restricted stock units granted, weighted average grant date fair value (per share)	$ 24.31	$ 19.69

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Condensed Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Sep. 29, 2012	Sep. 24, 2011
Cash flows from operating activities:
Net income	$ 127,888	$ 133,446
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation	22,497	23,465
Depreciation and amortization	53,674	52,071
Deferred taxes	22,772	39,845
Tax benefit (shortfall) related to stock-based compensation plans	1,335	1,428
Impairment of Long-Lived Assets to be Disposed of	2,707	0
Excess tax benefit related to stock-based compensation	(5,219)	(2,821)
Loss on sale of property, plant and equipment	(51)	127
Changes in assets and liabilities:
Accounts receivable	923	(30,790)
Inventories	(16,015)	(9,799)
Other current assets and income tax refund receivable	(7,839)	(11,840)
Accounts payable	(26,466)	4,882
Income taxes payable	10,461	3,698
Deferred income on shipments to distributors	745	(2,301)
All other accrued liabilities	(50,667)	(80,602)
Net cash provided by operating activities	136,745	120,809
Cash flows from investing activities:
Purchase of property, plant and equipment	(50,703)	(49,324)
Proceeds from sale of property, plant, and equipment	344	0
Acquisitions	0	(154,269)
Net cash used in investing activities	(50,359)	(203,593)
Cash flows from financing activities:
Excess tax benefit related to stock-based compensation	5,219	2,821
Repayment of notes payable	(224)	(16,217)
Issuance of common stock	(7,107)	(7,016)
Proceeds from Stock Options Exercised	19,864	4,151
Repurchase of common stock	(65,149)	(88,674)
Dividends paid	(70,199)	(64,781)
Net cash used in financing activities	(117,596)	(169,716)
Net decrease in cash and cash equivalents	(31,210)	(252,500)
Cash and cash equivalents:
Beginning of period	881,060	962,541
End of period	849,850	710,041
Supplemental disclosures of cash flow information:
Cash paid (refunded), net during the period for income taxes	5,602	1,033
Cash paid for interest	98	239
Noncash investing and financing activities:
Accounts payable related to property, plant, and equipment purchases	$ 32,765	$ 26,422

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Financial Instruments

3 Months Ended

Sep. 29, 2012

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Financial Instruments [Text Block]

FINANCIAL INSTRUMENTS

Short-term investments

Fair values were as follows:

	September 29, 2012								June 30, 2012
	Amortized Cost		Gross Unrealized Gain		Gross Unrealized Loss		Estimated Fair Value		Amortized Cost		Gross Unrealized Gain		Gross Unrealized Loss		Estimated Fair Value
	(in thousands)
Available-for-sale investments
Government agency securities	$	75,021	$	262	$	—	$	75,283	$	75,007	$	319	$	—	$	75,326
Total available-for-sale investments	$	75,021	$	262	$	—	$	75,283	$	75,007	$	319	$	—	$	75,326

In the three months ended September 29, 2012 and the year ended June 30, 2012, Maxim Integrated did not recognize any impairment charges on short-term investments.

The government agency securities have maturity dates between February 26, 2013 and December 18, 2013.

Derivative instruments and hedging activities

Foreign Currency Risk

The Company generates revenues in various global markets based on orders obtained in non-U.S. currencies, primarily the Japanese Yen, the Euro and the British Pound. Maxim Integrated incurs expenditures denominated in non-U.S. currencies, principally the Philippine Peso and Thai Baht associated with the Company's manufacturing activities in the Philippines and Thailand, respectively, and expenditures for sales offices and research and development activities undertaken outside of the U.S. Maxim Integrated is exposed to fluctuations in foreign currency exchange rates primarily on orders and accounts receivable from sales in these foreign currencies and cash flows for expenditures in these foreign currencies. Maxim Integrated has established risk management strategies designed to reduce the impact of volatility of future cash flows caused by changes in the exchange rate for these currencies. These strategies reduce, but do not entirely eliminate, the impact of currency exchange rates movements. Maxim Integrated does not use derivative financial instruments for speculative or trading purposes. The Company routinely hedges its exposures to certain foreign currencies with various financial institutions in an effort to minimize the impact of certain currency exchange rate fluctuations. If a financial counterparty to any of the Company's hedging arrangements experiences financial difficulties or is otherwise unable to honor the terms of the foreign currency hedge, the Company may experience financial losses.

For derivative instruments that are designated and qualify as cash flow hedges under Accounting Standards Codification ("ASC") No. 815-Derivatives and Hedging, the effective portion of the gain or loss on the derivative is reported as a component of accumulated other comprehensive loss and reclassified into earnings into the same financial statement line as the item being hedged, and in the same period or periods during which the hedged transaction affects earnings. Gains and losses on the derivative representing either hedge ineffectiveness or hedge components excluded from the assessment of effectiveness are recognized in interest and other income (expense), net.

For derivative instruments that are not designated as hedging instruments under ASC No. 815, gains and losses are recognized in interest and other income (expense), net. All derivatives are foreign currency forward contracts to hedge certain foreign currency denominated assets or liabilities. The gains and losses on these derivatives largely offset the changes in the fair value of the assets or liabilities being hedged.

Fair Value of Derivative Instruments in the Condensed Consolidated Balance Sheets

Maxim Integrated estimates the fair value of derivatives primarily based on pricing models using current market rates and records all derivatives on the balance sheet at fair value. The gross notional and the recorded fair value of derivative financial instruments in the Condensed Consolidated Balance Sheets were as follows:

	As of September 29, 2012						As of June 30, 2012
	Gross Notional(1)		Other Current Assets		Accrued Expenses		Gross Notional (1)		Other Current Assets		Accrued Expenses
	(in thousands)
Derivatives designated as hedging instruments
Cash flow hedges:
Foreign exchange contracts	$	59,107	$	751	$	140	$	37,955	$	150	$	459
Derivatives not designated as hedging instruments
Foreign exchange contracts	56,069		256		133		35,105		492		48
Total derivatives	$	115,176	$	1,007	$	273	$	73,060	$	642	$	507

(1) Represents the face amounts of contracts that were outstanding as of September 29, 2012 and June 30, 2012, as applicable.

Derivatives designated as hedging instruments

The following table provides the balances and changes in the accumulated other comprehensive loss (income) related to derivative instruments during the three months ended September 29, 2012 and the year ended June 30, 2012.

	September 29, 2012			June 30, 2012
	(in thousands)
Beginning balance	$	309		$	(234	)
Gain (loss) reclassified to income	6			653
Loss (gain) recorded in other comprehensive loss	(926		)	(110		)
Ending balance	$	(611	)	$	309

Maxim Integrated expects to reclassify an estimated net accumulated other comprehensive gain of $0.4 million, net of taxes, to earnings in the next twelve months along with the earnings effects of the related forecasted transactions in association with cash flow hedges.

The before-tax effect of cash flow derivative instruments for the three months ended September 29, 2012 and September 24, 2011 was as follows:

	Loss (Gain) Reclassified from Accumulated OCI into Income (Effective portion)
		Three Months Ended
	Location	September 29, 2012			September 24, 2011
		(in thousands)
Cash Flow hedges:
Foreign exchange contracts	Net revenues	$	25		$	(243	)
Foreign exchange contracts	Cost of goods sold	252			195
Foreign exchange contracts	Operating expenses	(283		)	—
Total cash flow hedges		$	(6	)	$	(48	)

The before-tax effect of derivative instruments not designated as hedging instruments on the Condensed Consolidated Statements of Income for the three months ended September 29, 2012 and September 24, 2011 was as follows:

	Gain (Loss) Recognized in Income on Derivative Instrument
		Three Months Ended
	Location	September 29, 2012			September 24, 2011
		(in thousands)
Foreign exchange contracts	Interest and other expense, net	$	(1,696	)	$	529
Total		$	(1,696	)	$	529

Volume of Derivative Activity

Total net U.S. Dollar notional amounts for foreign currency forward contracts, presented by net currency purchase (sell), are as follows:

In United States Dollars	September 29, 2012			June 30, 2012
	(in thousands)
Euro	$	(19,550	)	$	(10,686	)
Japanese Yen	(4,917		)	(2,254		)
British Pound	(2,497		)	(575		)
Philippine Peso	22,472			15,443
Thai Baht	5,091			4,264
Total	$	599		$	6,192

Long-term debt

The following table summarizes the Company's long-term debt:

	September 29, 2012			June 30, 2012
	(in thousands)
3.45% fixed rate notes due June 2013	$	300,000		$	300,000
SensorDynamics Debt (Denominated in Euro)
Term fixed rate notes (2.0%-2.5%) due March 2013 to September 2015	6,285			6,285
Amortizing fixed rate notes (1.5%-2.75%) due up to June 2014	903			1,127
Amortizing floating rate notes (EURIBOR plus 1.5%) due up to June 2014	1,676			1,676
Total	308,864			309,088
Less: Current portion	(303,272		)	(303,496		)
Total long-term debt	$	5,592		$	5,592

On June 17, 2010, the Company completed a public offering of $300 million aggregate principal amount of the Company's 3.45% senior unsecured notes due on June 14, 2013 ("$300 million notes"), with an effective interest rate of 3.49%. Interest is payable semi-annually in arrears on June 14 and December 14 of each year. The $300 million notes are governed by base and supplemental indentures dated June 10, 2010 and June 17, 2010, respectively, between the Company and Wells Fargo Bank, National Association, as trustee.

In conjunction with the SensorDynamics acquisition as discussed in Note 13: "Acquisitions" of these Notes to Condensed Consolidated Financial Statements, Maxim Integrated acquired certain fixed and floating rate notes as detailed in the table above.

The Company accounts for all the notes above based on their amortized cost. The discount and expenses are being amortized to Interest and other income (expense), net over the life of the notes. Interest expense associated with the notes was $2.9 million and $2.8 million during the three months ended September 29, 2012 and September 24, 2011, respectively. The interest expense is recorded in Interest and other income (expense), net in the Condensed Consolidated Statements of Income.

The estimated fair value of Maxim Integrated's debt was approximately $315 million at September 29, 2012. The estimated fair value of the debt is based primarily on quoted market prices.

As of September 29, 2012, the Company had the capacity to issue an unspecified amount of additional debt securities, common stock, preferred stock, warrants, rights and units under its 2010 Shelf Registration Statement.

Credit Facility

On October 13, 2011, the Company entered into a $250 million senior unsecured revolving credit facility with certain institutional lenders that expires on October 13, 2016. The Company agreed to pay the lenders a facility fee at a rate per annum that varies based on the Company's debt rating. Any advances under the credit agreement will accrue interest at a base rate plus a margin based on the Company's debt rating. The credit agreement requires the Company to comply with certain covenants, including a requirement that the Company maintain a ratio of debt to EBITDA (earnings before interest, taxes, depreciation, and amortization) of not more than 3 to 1 and a minimum interest coverage ratio (EBITDA divided by interest expense) greater than 3.5 to 1. As of September 29, 2012, the Company had not borrowed any amounts under this credit facility.

Other Financial Instruments

For the balance of Maxim Integrated's financial instruments, cash equivalents, accounts receivable, accounts payable and other accrued liabilities, the carrying amounts approximate fair value due to their short maturities.

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Comprehensive Income (Tables)

3 Months Ended

Sep. 29, 2012

Statement of Income and Comprehensive Income [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

The components of Accumulated Other Comprehensive Loss were as follows:

	September 29, 2012			June 30, 2012
	(in thousands)
Tax effect of the unrealized exchange loss on long-term intercompany receivables	$	(7,551	)	$	(6,469	)
Unrealized loss on post-retirement benefits	(6,393		)	(7,444		)
Cumulative translation adjustment	(1,527		)	(1,527		)
Unrealized gain (loss) on cash flow hedges	389			(196		)
Unrealized gain on available-for-sale securities	167			202
Accumulated Other Comprehensive Loss	$	(14,915	)	$	(15,434	)

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Financial Instruments, Volume of Derivative Activity (Details) (USD $) In Thousands, unless otherwise specified	Sep. 29, 2012	Jun. 30, 2012
Derivative [Line Items]
Net U.S. Dollar notional amount of foreign currency forward contracts, by net currency purchase (sell)	$ 599	$ 6,192
Euro
Derivative [Line Items]
Net U.S. Dollar notional amount of foreign currency forward contracts, by net currency purchase (sell)	(19,550)	(10,686)
Japanese Yen
Derivative [Line Items]
Net U.S. Dollar notional amount of foreign currency forward contracts, by net currency purchase (sell)	(4,917)	(2,254)
British Pound
Derivative [Line Items]
Net U.S. Dollar notional amount of foreign currency forward contracts, by net currency purchase (sell)	(2,497)	(575)
Philippine Peso
Derivative [Line Items]
Net U.S. Dollar notional amount of foreign currency forward contracts, by net currency purchase (sell)	22,472	15,443
Thai Bhat
Derivative [Line Items]
Net U.S. Dollar notional amount of foreign currency forward contracts, by net currency purchase (sell)	$ 5,091	$ 4,264

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Impairment of Long-Lived Assets

3 Months Ended

Sep. 29, 2012

Asset Impairment Charges [Abstract]

Asset Impairment Charges [Text Block]

IMPAIRMENT OF LONG-LIVED ASSETS

Fiscal year 2013:

During the first quarter of fiscal year 2013, the Company identified certain idle facilities as held for sale. In connection with these circumstances, the Company recorded a charge for the write-down of land and buildings to their estimated fair value, less cost to sell. The total charge of $2.7 million was included in impairment of long-lived assets in the Company's Condensed Consolidated Statements of Income. The Company reached its conclusion regarding the asset impairment after conducting an evaluation of assets fair values. The fair value of the land and buildings was determined mainly after consideration of evidence such as appraisals and offers received.

The Company has ceased depreciation and classified these assets as held for sale based on its intentions to sell the assets and has included the lower of fair value less cost to sell and net book value of $8.0 million in other assets in the Condensed Consolidated Balance Sheet as of September 29, 2012.

Fiscal year 2012:

During the fourth quarter of fiscal year 2012, the Company identified certain idle facilities as held for sale. In connection with these circumstances, the Company recorded a charge for the write-down of land and buildings to their estimated fair value, less cost to sell. The total charge of $22.4 million was included in impairment of long-lived assets in the Company's Consolidated Statements of Income. The Company reached its conclusion regarding the asset impairment after conducting an evaluation of assets fair values. The fair value of the land and buildings was determined mainly after consideration of evidence such as appraisals and offers received.

The Company has ceased depreciation and classified the above assets as held for sale based on its intentions to sell the assets and has included the lower of fair value less cost to sell and net book value of $24.0 million in other assets in the Condensed Consolidated Balance Sheet as of June 30, 2012.