Irvine-based chip company Mobix Labs said today it plans to move into a larger, military-approved facility designed to support increasing demand.
The planned site is intended to consolidate Mobix Labs’ (Nasdaq: MOBX) West Coast operations under one roof, streamlining production, manufacturing, and day-to-day activities while improving operational efficiency and coordination. The location of the site was not named.
Mobix Labs also announced the appointment of industry veteran Amir Asvadi as general manager of Mobix Labs’ EMI product line and defense manufacturing operations. Mobix Labs says it provides “advanced connectivity solutions for defense, aerospace, 5G, and other high-reliability markets.”
The company’s shares surged 31% to 35 cents apiece for a market cap of $22 million after the announcement.
