ANADIGICS Announces Plans to Expand 6-Inch Manufacturing Operation.Business Editors WARREN, N.J.--(BUSINESS WIRE)--Jan. 10, 2000 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 Indium gallium phosphide (InGaP) is a semiconductor composed of indium, gallium and phosphorus. It is used in high-power and high-frequency electronics because of its superior electron velocity with respect to the more common semiconductors silicon and gallium arsenide. heterojunction bipolar transistor The heterojunction bipolar transistor (HBT) is an improvement of the bipolar junction transistor (BJT) that can handle signals of very high frequencies up to several hundred GHz. It is common in modern ultrafast circuits, mostly radio-frequency (RF) systems. ), PHEMT See FET. (pseudomorphic high electron mobility transistor), and MESFET See FET. (metal semiconductor field effect transistor See FET. (electronics) field effect transistor - (FET) A transistor with a region of donor material with two terminals called the "source" and the "drain", and an adjoining region of acceptor material between, called the "gate". ) 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 (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , 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 RFIC Radio Frequency Integrated Circuit RFIC Radio Frequency Interface Chip 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 NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : 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 (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 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. |
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