Analog Devices Strengthens Global Manufacturing Resilience with New Thailand Facility

WILMINGTON, Mass. and CHONBURI, Thailand, March 19, 2026 /PRNewswire/ -- Global semiconductor leader Analog Devices, Inc. (NASDAQ: ADI) today announced the opening of its new advanced manufacturing facility in Thailand, further strengthening its advanced manufacturing and test capacity while expanding resilient, sustainable semiconductor production in the Asia-Pacific region. The expansion builds on ADI's hybrid manufacturing strategy, which leverages a global network of internal factories and external foundry/Outsourced Semiconductor Assembly and Test (OSAT) partners to deliver resilient, high‑performance solutions.

Thailand plays a critical role in ADI's global manufacturing network, supporting long‑term growth by expanding the company's footprint with the resilience, flexibility and scale needed to serve customers across several markets. Designed as a smart, sustainable factory, the new facility brings together advanced automation, digital manufacturing technologies and operations optimized for efficiency and environmental performance to enable faster response to demand while continuing to deliver the quality, reliability and performance customers expect in a dynamic global environment.

"Thailand is one of the strategic hubs of ADI's global manufacturing footprint," said Vincent Roche, CEO and Chair at ADI. "This expansion underscores our long-term commitment to Thailand and the region as key links in our ability to reliably and sustainably deliver our world-class technology. As our customers' needs evolve, our investments ensure we can continue to deliver differentiated innovation at scale."

"The new facility greatly enhances our ability to test operations efficiently and responsibly," said Vivek Jain, Executive Vice President of Global Operations and Technology at ADI. "With strong engineering talent, supply chain advantages and an environment that supports long-term growth, Thailand is an essential part of how we build a more agile, resilient and future-ready manufacturing network."

A Strengthened Global Packaging and Test Hub

Established in 2000, Analog Devices Thailand (ADTH) is one of ADI's most critical backend manufacturing sites supporting industrial, automotive, communications, consumer and digital healthcare markets. The facility adds significant cleanroom and manufacturing capacity, enabling ADI to scale test, wafer-level processing, chip scale packaging and final IC test operations. Designed as a hub of innovation and automation, it integrates advanced manufacturing technologies that enhance efficiency, precision, and intelligent operations. The facility also enables smarter processes, strengthens ADI's manufacturing capabilities and empowers teams to create meaningful impact in their daily work to support faster response to customer demand while maintaining world‑class quality standards.

Enhancing Global Supply Chain Resilience

The expansion of ADI's Thailand operations reinforces the company's global resilience strategy through greater geographic diversification, improved operational agility and enhanced flexibility across its manufacturing network. Located in Thailand's Eastern Economic Corridor (EEC), the facility benefits from strong infrastructure, access to skilled engineering talent and a stable, neutral operational environment to further strengthen ADI's ability to support customers worldwide.

Advancing Sustainable Semiconductor Manufacturing

Developed in alignment with LEED standards, the facility reflects ADI's commitment to environmentally responsible manufacturing and is the first in the ADI manufacturing network being built with the intent of achieving Platinum LEED certification. From energy‑efficient systems and resource optimization to thoughtfully designed spaces that promote employee wellbeing, it is a workplace built not only for performance but also for the planet. The expansion supports ADI's broader sustainability commitments, including 100% renewable electricity, energy-efficient facility design, enhanced water recycling systems and real-time environmental performance monitoring. ADTH is also the first semiconductor manufacturer in Thailand to adopt low-carbon liquid nitrogen, further reducing carbon intensity across testing operations and reinforcing ADI's leadership in sustainable semiconductor manufacturing.

Developing Thailand's Semiconductor Talent Ecosystem

ADI continues to invest in Thailand's growing semiconductor talent ecosystem through ADI Thailand Academy and partnerships with leading Thai universities. These initiatives support the development of engineering and technical capabilities across test engineering, automation, failure analysis and smart factory technologies. The facility supports expanded internship programs and long-term workforce development efforts, helping build the next generation of semiconductor talent while strengthening ADI's local and global engineering capabilities.

For more information about ADI's hybrid manufacturing model, visit https://www.analog.com/en/who-we-are/resilient-hybrid-manufacturing.html  

About Analog Devices, Inc. (ADI)

Analog Devices, Inc. (NASDAQ: ADI) is a global semiconductor leader that bridges the physical and digital worlds to enable breakthroughs at the Intelligent Edge. ADI combines analog, digital, AI, and software technologies into solutions that combat climate change, reliably connect humans and the world, and help drive advancements in automation and robotics, mobility, healthcare, energy and data centers. With revenue of more than $11 billion in FY25, ADI ensures today's innovators stay Ahead of What's Possible. Learn more at www.analog.com and on LinkedIn and X.

About Analog Devices Thailand (ADTH)

Analog Devices Thailand (ADTH) serves as a key manufacturing hub for global semiconductor leader Analog Devices, Inc. (ADI). The site supports ADI in bridging the physical and digital worlds to enable breakthroughs at the Intelligent Edge. ADTH delivers high-quality manufacturing, assembly and test operations for customers across Asia, Europe and the United States.

With more than two decades of operations in Chonburi, ADTH strengthens ADI's global supply chain through factory modernization, capacity enhancement and operational risk mitigation. The site plays an essential role in ensuring supply assurance and supporting ADI's growth across industrial, automotive, and emerging markets.

ADTH's capabilities include precision analog and mixed signal manufacturing, high reliability assembly and world-class quality systems supported by strong engineering expertise and a culture of continuous improvement.

CONTACT:
Jeff Ambrosi  
Senior Director, Investor Relations   
Analog Devices
Investor.Relations@analog.com  
(781) 461-3282 

Ferda Millan
Global PR and External Communications 
Analog Devices 
CorpComm@analog.com
(408) 373-1854

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Analog Devices Strengthens Global Manufacturing Resilience with New Thailand Facility

SINGAPORE, Oct. 30, 2026 /PRNewswire/ -- As Silicon Valley startups race to secure critical minerals and reduce dependence on China in the AI era, a company with deep academic roots from Stanford and MIT is taking a different approach: using AI to discover the next generation of mineral resources beyond the geopolitical fault lines dividing the world's major powers. Oxus Metals AI ("Oxus" or the "Company"), founded by David Zhen Yin, former director and co-founder of Stanford University's Mineral-X program, closed a nearly US$36 million initial funding round in late July, valuing the Company at US$180 million. The Singapore headquartered company plans to deploy the capital to accelerate AI driven mineral exploration across Central Asia and other resource rich regions, positioning itself at the intersection of Silicon Valley technology, global capital, and the growing strategic demand for critical minerals.

The Next Energy Crisis is a Mineral Crisis

Global demand for critical minerals is surging across power grids, renewable energy, electric transportation, and AI data centers, but supply is failing to keep pace. According to the International Energy Agency's (IEA) Global Critical Minerals Outlook 2026, supply from announced copper projects is projected to fall 25% short of demand in 2035. The IEA has also found that mining projects take an average of 16.5 years to move from discovery to first production. The long lead times and high costs of traditional exploration have created an urgent need for faster, more efficient technologies capable of locating deeper deposits. While much of the debate focuses on securing existing mineral supplies, Oxus is pursuing a different question: Can AI fundamentally transform the economics of mineral discovery while breaking free from the constraints of growing geopolitical rifts?

AI Redefines Exploration Economics

Pioneered by its founder and scientific team, Oxus builds on years of academic research in geoscience, artificial intelligence, and decision-making under uncertainty. Rather than relying on a single geological hypothesis, Oxus's proprietary AI platform generates thousands of plausible subsurface models consistent with available data evidence. As new drilling become available, the system eliminates inconsistent hypotheses and proposes exploration decisions that could most efficiently reduce mineral uncertainty in over a long time horizon.

"Our approach is like playing Go with planet Earth," said David Zhen Yin. "Our AI computes all scientific hypotheses about mineral deposits, and integrates complex multiphysics data to test every geological possibility to guide smarter exploration decisions. The result is much fewer drill holes, lower costs, and faster discoveries of the mineral resources needed to power the energy transition."

Central Asia as the Proving Ground

Kazakhstan is emerging as a major proving ground for Oxus's technology. The Company is working with one of Central Asia's largest mining operators to extend the life of a copper mine that has operated for nearly 80 years. Despite tens of thousands of historical drillholes, the location of additional mineralization at depth remains uncertain. Oxus's platform generates thousands of candidate models, rejects those that conflict with the data, and produces ranked drill targets with quantified risk. Oxus has also signed a memorandum of understanding with Kazakhstan's Ministry of Industry and Construction and Ministry of Artificial Intelligence and Digital Development to advance the nation's AI in mineral exploration.

Zhaslan Madiyev, Deputy Prime Minister and Minister of Artificial Intelligence and Digital Development of Kazakhstan, commented: "Energy, critical minerals, and data underpin every AI solution, and Kazakhstan has all three. Our task is to turn them into technological value inside the country rather than exporting them raw. The agreement between our two ministries and Oxus Metals AI is a practical example of the applied layer of the AI economy, where Kazakhstan stands to gain the most. A team with roots at Stanford and MIT will work with our geologists to make decades of geological data machine-readable, digitize drill cores, and train Kazakh specialists to apply AI in exploration. The data stays in Kazakhstan, as does the expertise. That is how we intend to shorten the path from exploration to investment decision."

The company also has a strong presence in Mongolia, Uzbekistan, Pakistan, and Brazil, expanding the deployment of its AI platform across major mineral exploration frontiers.

A Team Bridging Silicon Valley and Global Mining

Oxus brings together world-class academic and industrial expertise across AI, geoscience, and the global mining industry. David Zhen Yin as a senior research scientist at Stanford, has over 15 years of experience at the intersection of geoscience, subsurface exploration, and data science. His co-authored book Data Science for the Geosciences, won the 2025 PROSE Award in Earth Science. The book served as a textbook for Stanford's graduate-level course Data Science for Geoscience (EPS 240), which Yin taught.

The Company's leadership and advisory team includes Dr. Robert Quartermain, a Canadian Mining Hall of Fame inductee and global strategy advisor with over 45 years building and leading public mining companies; Prof. Jef Caers, Stanford Earth and Planetary Sciences professor and technical advisor, a global leader in geostatistics and AI-enabled exploration; and Dr. Pablo Mejia Herrera, Chief Geologist, a 20-plus year veteran of porphyry copper-gold exploration with a track record of major discoveries at Ero Copper and NorthIsle Copper and Gold.

"AI is fundamentally transforming how we make discoveries under geological uncertainty," said Prof. Caers. "Oxus is pairing rigorous academic research with real-world exploration expertise to translate cutting-edge AI into practical discoveries across the world's most important mineral frontiers."

About Oxus Metals AI

Headquartered in Singapore, Oxus Metals AI builds proprietary AI platforms that integrate multimodal exploration data to advance critical mineral discoveries. The company works with asset owners, governments and strategic partners to lift exploration success rates while reducing costs, timelines and environmental impacts. Oxus' model extends beyond conventional mining software or technical services. The Company partners with asset owners via joint ventures that combine AI technology, capital, and local execution to fully capture the upside from new discoveries.

CONTACT: info@oxusmetals.ai

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From Stanford to Central Asia: Oxus Metals AI Raises US$36 Million to Transform Mineral Discovery Beyond Geopolitical Fault Lines