RFMD gets first military purchase order
RFMD, the Greensboro-based supplier of cell-phone chips and other gadgetry, announced Thursday that it has received the company's first purchase order from a top-tied military supplier.
The supplier, who was not named in a news release, ordered a product that contains an RFMD transistor that operates over a wide range of microwave frequencies and broadband applications. RFMD describes the product as a GaN (gallium nitrade) power amplifier, which is put into a 15-watt device that can enhance the range of radio military communications.
Bob Bruggeworth, RFMD's president and chief executive officer, said the GaN amplifiers represent a potential $1-billion market for the company.
"Our GaN development has been partially funded by the United States government, and today's announcement highlights just one of the many military applications where GaN's technical properties excel," Bruggeworth said in the news release.
The company expects to announce future growth in the technology this year. RFMD stock closed around $7.82 on the NASDAQ Thursday.