2007'04.12.Thu
ANADIGICS and Kunshan New and Hi-Tech Industrial Development Zone to Jointly Build a GaAs Wafer Fabrication Facility in China and Expected to Be Operational in the First Half of 2009

April 09, 2007
WARREN, N.J., April 9 /Xinhua-PRNewswire/ -- ANADIGICS,
Inc. (Nasdaq: ANAD), a leading supplier of wireless and
broadband communications solutions announced that it has
entered into an Investment Contract with the Kunshan New
and Hi-Tech Industrial Development Zone (KSND), to jointly
construct a new state-of-the art 6" gallium arsenide
(GaAs) integrated circuit (IC) wafer fabrication facility
(fab) for ANADIGICS, Inc. in the city of Kunshan in the
Jiangsu Province in China, for the purposes of expanding
the ANADIGICS wafer fabrication capacity beyond its primary
wafer fabrication located in Warren, NJ.
It is anticipated that ANADIGICS will invest in capital
expenditures of approximately $10 million to $15 million
over a two-year period commencing with the fourth quarter
of 2007 through an initial production phase projected in
the first quarter 2009. The total investment by ANADIGICS
over the life-term of the facility, which could extend up to
50 years, is estimated at $49.88 million.
"KSND is very proud to jointly launch this
investment project with ANADIGICS, Inc. to support their
wafer capacity expansion plans," said Vice Mayor
Feng-Quan Zhu of Kunshan. "Kunshan is the number one
ranked city for economical competitiveness among the top
100 same level cities in China and this project will help
Kunshan maintain its leading edge in economical
development."
"We're very pleased to work with Vice Mayor Zhu
and KSND to expand our wafer fabrication capacity in
Kunshan," said Dr. Bami Bastani, President and Chief
Executive Officer of ANADIGICS, Inc. "This project is
expected to provide us with an attractive cost structure and
to enable us to meet our future fab capacity needs thereby
contributing to the growth of our Company, as well as
providing us with increased access to one of the
fastest-growing markets for wireless and broadband
communications."
About Kunshan New and Hi-Tech Industrial Development
Zone (KSND)
Kunshan New & Hi-tech Industrial Development Zone
(KSND) was established in 1994, and was approved by China
Ministry of Science & Technology. In 2005, KSND was
approved by Chinese Government to set up the new and
hi-tech industry development zone.
About ANADIGICS, Inc.
ANADIGICS, Inc. (Nasdaq: ANAD) is a leading supplier of
wireless and broadband communications solutions in the
rapidly growing wireless handset and broadband markets. The
Company's products include power amplifiers, tuner
integrated circuits, active splitters and other components,
which can be sold individually or packaged as integrated RF
modules.
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 U.S. Securities and Exchange Commission,
including our annual report on Form 10-K for the year ended
December 31, 2006.
For more information, please contact:
Press Contact
Chuck Manners
Godfrey
Tel: +1-717-393-3831
Fax: +1-717-393-1403
Email: chuck@godfrey.com
Corporate Contact
Jennifer Palella
ANADIGICS, Inc.
Tel: +1-908-668-5000
Fax: +1-908-412-5978
Email: jpalella@anadigics.com
Investor Relations
Thomas Shields
ANADIGICS, Inc.
Tel: +1-908-412-5995
Email: tshields@anadigics.com
PR
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