AmpliTech To Launch MMIC Semiconductor Chip Design Center In Texas - AmpliTech Group (NASDAQ:AMPG)

AmpliTech Group Inc (NASDAQ:AMPG) plans to launch a monolithic microwave integrated circuits (MMICs) chip design center in Texas.
MMICs are semiconductor chips used in high-frequency communications applications like signal amplifiers and filters for mobile phones or satellites.
AmpliTech expects the facility to be fully operational by year-end 2021.
Through the MMIC initiative, AmpliTech is working to position it as a key provider of signal amplification solutions to enable communications networks to accomplish more at a lower cost.
AmpliTech said it is working to secure patents for key elements of its MMIC designs and technology.
Price Action: AMPG shares closed higher by 0.28% at $3.60 on Monday.

To add Benzinga News as your preferred source on Google, click here.