Benzinga | Oct 4, 2021 04:41PM EDT

AmpliTech To Launch MMIC Semiconductor Chip Design Center In Texas

* 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.