ANADIGICS Announces Plans to Expand 6-Inch Manufacturing Operation
Warren, NJ. In response to the growing demand for the Company s Wireless and Broadband communications products, ANADIGICS has announced plans to expand its state-of-the-art 6-inch production facility. The Company s expansion plan includes the development of additional Class 10 cleanroom space and equipment installation within its existing InGaP HBT (indium gallium phosphide heterojunction bipolar transistor), PHEMT (pseudomorphic high electron mobility transistor), and MESFET (metal semiconductor field effect transistor) manufacturing facility. Scheduled for completion by the end of the first half in 2000, the expanded facilities will approximately double current production
capability.
"The wireless and broadband communications markets are growing at a tremendous pace," observes Dr. Bami Bastani, President & CEO, ANADIGICS. "This manufacturing expansion plan positions ANADIGICS with the necessary capacity to serve our customers and is consistent with our 2000 year-end projected growth rates in these markets."
The $10M expansion will link directly with the existing 6-inch production line, contributing to the manufacturing efficiencies of a large-scale semiconductor fabrication operation. "ANADIGICS leads the RFIC industry with its 6-inch manufacturing capability. This gives us a strategic advantage in our markets,"
remarks Bruce Diamond, Senior Vice President of Operations, ANADIGICS. "We will continue to build capacity consistent with demand for our RFIC products to insure our customers receive world class cycle time and on-time delivery."
ANADIGICS (NASDAQ: ANAD) designs and manufactures radio frequency integrated circuit (RFIC) solutions for growing broadband and wireless communications markets. The Company s innovative high frequency RFICs enable manufacturers of communications equipment to enhance overall system performance, manufacturing cost, and time to market. By utilizing state-of-the-art manufacturing processes for its RFICs, ANADIGICS achieves the high-volume, and cost-effective products required by leading companies in its targeted high-growth communications markets. ANADIGICS was the first GaAs IC manufacturer to receive ISO 9001 certification. For more information on ANADIGICS, visit the Company s web site at www.anadigics.com
Except for historical information contained herein, this press release contains forward-looking statements that involve risks and uncertainties, including, but not limited to, order rescheduling or cancellation, changes in estimated product lives, timely product and process development, individual product pricing
pressure, variation in production yield, difficulties in obtaining components and assembly services needed for production of integrated circuits, change in economic conditions of the various markets the Company and its customers serve, as well as other risks detailed from time to time in the Company s reports filed with the Securities and Exchange Commission, including the report on Form 10-K for the year ended December 31, 1998.
Forward-looking statements can generally be identified as such because the context of the statement will include words such as the Company "believes," "anticipates," "expects," or words of similar import. Similarly, statements that describe the Company s future plans, objectives, estimates, or goals are
forward-looking statements.
Contact:
ANADIGICS Press Contacts: Richartz Fliss Clark & Pope
Debra Norman/Allan Fliss
norman@rfcp.com,
tel: 973/627-8180
or
ANADIGICS, Inc.,
Tim Blanke,
tblanke@anadigics.com,
tel: 908/668-5000
Debra Norman/Allan Fliss
norman@rfcp.com,
tel: 973/627-8180
or
ANADIGICS, Inc.,
Tim Blanke,
tblanke@anadigics.com,
tel: 908/668-5000
E-mail: tblanke@anadigics.com
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