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Ray Stata to step down as chair of Analog Devices

By   01.20.2022 0

Analog Devices announced yesterday it will appoint president and CEO Vincent Roche as the new chair of its board, replacing founder Ray Stata, who had held that position for the last 48 years. Stata plans to stand for reelection as a director.

The company said the change will be effective following its 2022 annual meeting of shareholders.

“Vince has shown remarkable leadership of ADI as our President and CEO. We are certain that this appointment strengthens his ability to continue his leadership of ADI, as the Company continues to develop even more complete, high–performance solutions for our customers,” Stata said in ADI’s press release.

Raya Stata began his academic career at the Massachusetts Institute of Technology (MIT), where he earned a bachelor of science in electrical engineering and master of science in electrical engineering. It was also there that Stata met Matthew Lorber, and the two would establish Analog Devices, Inc. (ADI) in 1965.

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Stata maintained his position as president of ADI from 1971 to 1991 and was appointed CEO from 1973 to 1996. He also co–founded the Massachusetts High Technology Council in 1977 and served as the first President, as well as worked on the Executive Committee of the Council of Competitiveness from 1987 to 2005.

A history of innovations

Both Stata and Lorber had a vision to create high performance operational amplifiers that would improve the amplification and modification of electrical signals. Within the same year of its inception, ADI released the model 101 op amp, its first ever product, used to test and measure equipment. Following the release of its first product, ADI experienced instant sales, bringing in $5.7 million within its first three years — equivalent to about $45 million today.

ADI founders, Ray Stata and Matthew Lorber (Source: ADI)

Given its quick success, ADI made the decision to go public in 1969 and was officially listed on the New York Stock Exchange 10 years later. Within the same year of its initial public offering, ADI marked its first acquisition through the purchase of Pastoriza Research, which developed circuit boards and modules capable of converting real–world occurrences, such as pressure and temperature, into digital formats.

ADI continued to make advances in technology in a wide range of areas, including space exploration and aerospace. The company claimed several industry firsts throughout the 1970s, such as its laser trim wafer technology, AD506, and its CMOS digital–to–analog converter, the AD7520.

The 1980s marked ADI’s increased presence in the semiconductor industry, at which time the company designed its AD558 DAC to integrate easily with microprocessors to improve performance and versatility, according to ADI. The company also claimed several other industry firsts with its 12-bit A/D converter IC, the AD574, as well as its specialty device for semiconductor automatic test equipment, the AD345.

As ADI continued to make innovations in a wide array of technological areas, it also continued to pursue acquisitions that would ensure its name remained on the map. In 1990, the company acquired Precision Monolithics, Inc., which is said to have officially cemented ADI’s presence within Silicon Valley, according to the company. ADI said the acquisition allowed it to extend its reach in high performance analog ICs.

The early to mid-2000s saw increased interest in sensor technology, and ADI wasn’t immune to the pull. In 2002, ADI shipped its 100 millionth iMEMS acceleration sensor and released its first MEMS gyroscope, according to the company.

“These innovative technologies transformed everything from the reliability of automotive airbags, to the immersiveness of video games such as the Nintendo Wii,” said ADI.

ADI continued to capitalize on its sensor technologies, producing ICs such as its A2B product specifically designed for vehicles to better monitor fuel efficiency and emissions control. The company also manufactured accelerometers, gyroscopes, and RF and DSP technologies to enhance radar and vision capabilities in vehicles to decrease accidents.

Today, ADI continues to bolster its momentum. The company recently acquired Maxim Integrated in 2020, a semiconductor company that designs, manufactures and sells analog and mix–signal integrated circuits for several industries, including automotive, industrial and computing.

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