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It is shown in this paper that the optimum position of interleaved repeaters for minimum delay and noise is not the midpoint as commonly practiced. A closed form solution for the optimum position has been derived in this paper and verified by simulation. Bi-directional buses with the optimum interleaved repeater position are compared to commonly used bi-directional buses and shown to provide an improvement of as much as 100% in both the propagation delay and bit-rate per unit area. The area of the induced noise pulse on victim lines is shown to be zero indicating that the aggressor lines is shown to be zero indicating that the aggressor lines are virtually static when optimum repeater positioning is used.