Other competitors in the technology sector include: Molex Incorporated (MOLX), RF Industries, Ltd. (RFIL), and TE Connectivity (TEL).

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Last month, electronics manufacturer TE Connectivity, also based in Bideford, announced it was closing with the loss of 250 jobs.

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Simon Inch, Mayor of Bideford, said the news about TE Connectivity, formally known as Tyco Electronics was a "severe blow".

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