ANADIGICS Commences Production at World's First 6-inch GaAs Analog Fab.WARREN, N.J.--(BUSINESS WIRE)--July 23, 1999-- Company's Two Largest Customers Authorize Production Shipments of Integrated Circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. From New State-of-the-Art Facility ANADIGICS (Nasdaq:ANAD ANAD Anorexia Nervosa and Associated Disorders ANAD National Association of Anorexia Nervosa and Associated Disorders ANAD Anniston Army Depot ANAD Asociación Nacional de Abogados Democráticos (National Association of Democratic Lawyers, Mexico) ) announced today that the Company's top two customers have accepted and will receive production shipments of key high volume products from its newly completed 6-inch gallium arsenide (GaAs) fab. ANADIGICS announced plans for the world's first 6-inch GaAs analog fab (Fab 2) for integrated circuit (IC) production seven months ago. The Company accelerated the development of the 6-inch fab in order to lower cost structures, improve efficiency, and increase capacity. "This world-class facility enables ANADIGICS to better serve the needs of our customers by delivering high quality products with shorter time to market," comments Dr. Bami Bastani, President and 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. . "Now, in addition to industry-leading RFIC RFIC Radio Frequency Integrated Circuit RFIC Radio Frequency Interface Chip design expertise, we offer true world-class operations that are ahead of the competition." The new facility is currently being used for GaAs MESFET See FET. and PHEMT See FET. processing. In addition, ANADIGICS is developing in-house HBT HBT Heterojunction Bipolar Transistor HBT HyCult Biotechnology (Uden, The Netherlands) HBT Hanbury-Brown-Twiss (interferometer) HBT Herring Bone Twill HBT Heflex Bioengineering Test manufacturing capabilities, which the Company plans to implement in Fab 2. "We brought Fab 2 online in record time and ahead of original plans," remarks Bruce Diamond, Senior Vice President of Manufacturing Operations. "After passing all industry-standard reliability qualifications, we are very pleased to begin delivering production shipments from our new state-of-the-art 6-inch GaAs fab." For additional information, contact ANADIGICS by phone (908) 668-5000 or FAX (908) 668-5132. ANADIGICS 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 Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 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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