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DALLAS -- Texas Instruments' chief executive says semiconductor manufacturers are poised to see a spike in demand once inventories have been drawn down.

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SEOUL -- Automated optical inspection OEM Mirtec's North American revenue grew over 21% year-over-year in 2011, the company said today.

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SHENZHEN -- SinoHub and Ciao Telecom will invest $15 million in a new joint venture to manufacture and market mobile communications devices in Brazil.

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