ADI sits at the physical-digital interface that every AI system needs - its analog chips are essential for sensors, data conversion, and power management in the physical world that AGI cannot replace.
Analog Devices designs, manufactures, and markets high-performance analog, mixed-signal, and digital signal processing (DSP) integrated circuits. The company's products are used to convert, condition, and process real-world signals such as temperature, pressure, sound, light, speed, and motion into digital data. ADI serves diverse end markets including industrial automation, automotive, communications, and consumer electronics. The 2021 acquisition of Maxim Integrated significantly expanded its product portfolio.
ADI sells to a highly diversified customer base of over 125,000 customers across industrial, automotive, communications, and consumer sectors. Major customers include automotive OEMs and Tier 1 suppliers, industrial equipment manufacturers, telecom equipment vendors (Ericsson, Nokia), aerospace & defense primes, medical device companies, and consumer electronics firms. No single customer typically exceeds 10% of revenue.
Analog Devices designs and manufactures analog, mixed-signal, and DSP semiconductors. These chips convert real-world signals (temperature, pressure, sound, light, motion) into digital data and vice versa -- they are the bridge between the physical world and digital systems. AGI cannot replace physical semiconductor chips. ADI's products are embedded in industrial automation, automotive systems, healthcare equipment, communications infrastructure, and aerospace/defense -- all deeply physical applications. ADI's customers are industrial manufacturers, automotive OEMs, healthcare equipment makers, communications companies, and defense contractors. These are overwhelmingly physical-world businesses, not knowledge-worker-dependent IT companies.