QualityStocksNewsBreaks – AmpliTech Group Inc. (NASDAQ: AMPG) Enters Strategic Agreement to Acquire Silicon Valley-Based Spectrum Semiconductor Materials
AmpliTech Group (NASDAQ: AMPG) is a designer, developer and manufacturer of state-of-the-art signal-processing components for satellite and 5G communications networks, defense, space and other commercial applications. The company today announced its entry into a definitive agreement to acquire the assets and operations of Spectrum Semiconductor Materials Inc., a rapidly growing global specialty distributor of semiconductor components based in San Jose, California. Subject to satisfaction of certain conditions, the transaction is expected to close within fiscal year 2021. “Spectrum Semiconductors is a perfect fit for advancing AmpliTech’s strategic goals and delivering shareholder value,” AmpliTech CEO Fawad Maqbool said in the news…