The move marks CA Micro Devices’ reinvention into a fabless semiconductor company with three core markets: computing and peripherals, digital consumer and mobile. During the past few years, the company has dropped other business units, including telecommunications.

The appositely named California-based company makes single-chip passive components that counter electro-magnetic interference and electro-static discharge in devices.

The company’s medical business was stable but did not have huge potential for rapid growth, said CA Micro Devices’ director of communications Richard Haas. The company’s medical chips had a high average selling price, but that is not enough to grow a company, Haas said.

He also said the fabless model, in which chip developers buy foundry capacity as needed, has proven to be the best for many companies.

Arizona-based Microchip sells embedded chips to computing, automotive, industrial, consumer, networking and, now, medical markets.