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Gte Microcircuits

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California Micro Devices Corp, Milpitas, California, has completed the $14.5m cash acquisition of the Microcircuits Division of GTE Communication Systems Corp in Tempe, Arizona, and looks for it to triple its current production level to around $30m a year; it funded the acquisition with available cash, and additional finance from First Interstate Bank of California.

GTE Microcircuits was acquired by California Micro Devices Corp and On Semiconductor has acquired California Micro Devices Corp.

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