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15 March 2007


Anadigics raises $98.8m for capital expenditure

GaAs-based IC manufacturer Anadigics Inc of Warren, NJ, USA has completed its underwritten public offering of 8.625 million shares of its common stock, including 1.125 million shares after the underwriters exercised their overallotment option in full.

The net proceeds of $98.8m will be used for general corporate purposes, including capital expenditure at its 6-inch GaAs fabrication plant, where it manufactures power amplifiers, tuner ICs, active splitters and line amplifiers for the broadband wireless and wireline communications markets.