Exhibit 99.1

                                                  FOR RELEASE: NOVEMBER 18, 2003
                                                                   3:59 P.M. EST

                      ANALOG DEVICES DECLARES CASH DIVIDEND

NORWOOD, MASS - The Board of Directors of Analog Devices, Inc. (NYSE: ADI)
declared a cash dividend of $0.04 per outstanding share of common stock. This
dividend is payable on December 17, 2003 to all stockholders of record at the
close of business on November 28, 2003.

"ADI continues to deliver strong revenue growth, cash generation, and earnings
growth," said Ray Stata, chairman of the board. "Confident in the company's
ability to continue achieving solid results, the board voted to return a portion
of profits to the shareholders in the form of a cash dividend."

Analog Devices, Inc. is a leading manufacturer of precision high-performance
integrated circuits used in analog and digital signal processing applications.
ADI is headquartered in Norwood, Massachusetts, and employs approximately 8,400
people worldwide. It has manufacturing facilities in Massachusetts, California,
North Carolina, Ireland, the Philippines, and the United Kingdom. Analog
Devices' common stock is listed on the New York Stock Exchange under the symbol
"ADI" and is included in the S&P 500 Index.

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
1995: This press release contains forward-looking statements, including our
statements regarding planned revenues, earnings and operating margins, that are
based on our current expectations, beliefs, assumptions, estimates, forecasts
and projections about the industry and markets in which Analog Devices operates.
The statements contained in this release are not guarantees of future
performance and involve certain risks, uncertainties and assumptions that are
difficult to predict. Therefore, actual outcomes and results may differ
materially from what is expressed in such forward-looking statements, and such
statements should not be relied upon as representing Analog Devices'
expectations or beliefs as of any date subsequent to the date of this press
release. Important factors that may affect future operating results include the
effects of adverse changes in overall economic conditions, currency exchange
rate fluctuations, the timing and duration of market upturns and downturns, the
growth or contraction of the markets we serve, demand for semiconductors
generally and for our products in particular, the risk that our backlog could
decline significantly, our ability to hire engineers and other qualified
employees needed to meet the expected demands of our largest customers,
reversals or slowdowns in the markets or customers served by our products, the
adverse effects of building inventories to meet planned growth that fails to
materialize, the occurrence and frequency of inventory and lead-time reduction
cycles, raw material availability, availability of both internal and external
manufacturing capacity, technological and product development risks,
competitors' actions and technological innovations and other risk factors
described in our Quarterly Report on Form 10-Q for the fiscal quarter ended
August 2, 2003, as filed with the Securities and Exchange Commission.

CONTACT: Maria Tagliaferro, Director of Corporate Communications at Analog
Devices, 781-461-3282, or investor.relations@analog.com