Why does the circuit tranconductance remain unchanged after cascode

amplifiermosfettransistors

I have a simple cascode amplifier as follows:

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The circuit transconductance remains the same as if the cascode was not there. i.e.
$$G_M=g_{m1}$$

Why is it so?

I initially think the circuite transconductance would be the product of the component transconductances, like
$$G_M=g_{m1}\cdot g_{m2}$$

Best Answer

The transistor M2 is acting as a current buffer with a gain of 1. A cascode is not a cascade. It is used to increase isolation and stability, not increase gain. Make two of these and put them in series if you need more gain.