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This relationship forms the cornerstone of ANADIGICS' hybrid manufacturing strategy which provides for a mix of internal and external manufacturing capability to ensure customer demand can be met at all times. WIN has agreed to provide ANADIGICS with GaAs foundry processing services to meet customer demand for its high-performance, radio frequency integrated circuits (ICs). The foundry agreement complements the continued production of industry-leading products at ANADIGICS' 6-inch GaAs manufacturing facility in New Jersey.
"We're pleased to announce this strategic relationship at a time when WIN Semiconductors celebrates ten years of delivering world-class GaAs foundry services. ANADIGICS has pioneered the acceptance of GaAs technology within the global markets through collaboration with our customers, who are leaders in their industry sectors and demand innovative, high quality products," said Mario Rivas, chief executive officer at ANADIGICS. "With this new relationship, not only will we be able to meet the increasing customer demand, our design teams will be able to leverage a range of additional technologies in order to produce the industry's highest performance, highest quality RF products for our customers."
This foundry relationship is a key component of ANADIGICS' new hybrid manufacturing strategy. Together with its in-house manufacturing facility, the company can continue to deliver best-in-class RF devices to the wireless and broadband marketplaces. Consumers and businesses continue to demand instantaneous connection anywhere, anytime, a need which is met by the delivery of the industry's highest performance parts.
"We're looking forward to working with ANADIGICS to deliver services that complement its internal strengths. ANADIGICS has a strong reputation for its high performance RF devices, and we look forward to making our technologies available to their RF designers," commented Dennis Chen, chairman at WIN Semiconductors. "Like ANADIGICS, our business culture is very customer-centric, which is why WIN has become the largest pure-play GaAs foundry in the world with ten years of manufacturing excellence and innovation."
"ANADIGICS is totally committed to delivering quality products to customers around the world. This strategic agreement and implementation of our hybrid manufacturing strategy will ensure that we have the capacity to ramp up to meet growing product demand while ensuring we meet our own high internal standards for quality, delivery and customer satisfaction," stated Russ Wagner, vice president of operations at ANADIGICS.
For additional information on ANADIGICS visit: www.anadigics.com or phone: +1.908.668.5000. ext 5781.
About ANADIGICS, Inc.
ANADIGICS, Inc. (NASDAQ: ANAD | Quote | Chart | News | PowerRating) is a leading provider of semiconductor solutions in the rapidly growing broadband wireless and wireline communications markets. Founded in 1985 and headquartered in Warren, NJ, the company's award-winning products include power amplifiers, tuner integrated circuits, active splitters, line amplifiers, and other components, which can be sold individually or packaged as integrated radio frequency and front end modules. For more information, visit www.anadigics.com.
About WIN Semiconductors Corp:
WIN Semiconductors Corp., founded in October 1999, was the first pure-play 6-inch GaAs foundry in the world, has established an advanced GaAs wafer fab in recognition of the growing demand for low cost manufacturing of high speed and high quality GaAs MMIC's (monolithic microwave ICs) and RFIC's (radio frequency ICs). WIN provides dedicated foundry services to design houses as well as IDM partners. WIN supplies HBT and pHEMT MMIC fabrication services to worldwide IC manufacturers, using state-of-the-art GaAs process technology.
Safe Harbor Statement
Except for historical information contained herein, this press release contains projections and other forward-looking statements (as that term is defined in the Securities Exchange Act of 1934, as amended). These projections and forward-looking statements reflect the Company's current views with respect to future events and financial performance and can generally be identified as such because the context of the statement will include words such as "believe", "anticipate", "expect", or words of similar import. Similarly, statements that describe our future plans, objectives, estimates or goals are forward-looking statements. No assurances can be given, however, that these events will occur or that these projections will be achieved and actual results and developments could differ materially from those projected as a result of certain factors. Important factors that could cause actual results and developments to be materially different from those expressed or implied by such projections and forward-looking statements include those factors detailed from time to time in our reports filed with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended December 31, 2008, and those discussed elsewhere herein.
Media Relations Glen Turvey T2 Public Relations 660 Kinderkamack Road, Ste 203 Oradell, New Jersey, 07649 Tel: +1 973.954.2723 Email: glent@t2publicrelations.com Corporate Contact Jennifer Palella ANADIGICS, Inc. 141 Mt. Bethel Road Warren, NJ 07059 Tel: +1 908.668.5000 Email: jpalella@anadigics.com Investor Relations Thomas Shields ANADIGICS, Inc. 141 Mt. Bethel Road Warren, NJ 07059 Tel: +1 908.412.5995 Email: tshields@anadigics.com
SOURCE: ANADIGICS
mailto:glent@t2publicrelations.com mailto:jpalella@anadigics.com mailto:tshields@anadigics.com
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