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PHOENIX-- Avnet has agreed to acquire substantially all the operating assets of passive semiconductor distributor Universal Semiconductor for an undisclosed sum.

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PHOENIX-- Avnet has agreed to acquire substantially all of the operating assets of passive semiconductor distributor Universal Semiconductor for an undisclosed sum.

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SAN JOSE — Worldwide semiconductor manufacturing equipment bookings plummeted 12% year-over-year in the third quarter, according to the SEMI trade group. Bookings were down 31% from the second quarter to $6.71 billion.

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