Ixys acquires Microwave Tech

September 9, 2003 – Ixys Corp., Santa Clara, CA, has acquired Microwave Technology, a Fremont, CA, manufacturer of gallium arsenide devices, in an all-stock deal.

Ixys will issue approximately 800,000 shares in exchange for outstanding shares and options of Microwave Tech, which had approximately $6 million in revenues in fiscal 2003.

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