ANADIGICS Reports Results for Third Quarter 2005

ANADIGICS, Inc., a leading supplier of wireless and broadband communications solutions, reported third quarter 2005 net sales of $29.3 million compared tonet sales of $23.9 million in the prior quarter and $25.1 million in the yearago quarter. The net loss for the quarter was $6.8 million or $0.20 per sharecompared with a net loss of $9.1 million or $0.27 per share in the priorquarter and $8.3 million or $0.25 per share in the year ago quarter. For the nine months ended October 1, 2005 net sales were $75.0 millioncompared with $68.9 million in the nine months ended October 2, 2004. The netloss for the nine months ended October 1, 2005 was $27.3 million or $0.81 pershare compared with $32.8 million or $1.02 per share in the prior year. As of October 1, 2005, cash and short and long-term marketable securitiestotaled $87.2 million compared with $90.0 million at the end of the secondquarter 2005. "We are extremely pleased with our overall third quarter financialperformance," said Dr. Bami Bastani, President and Chief Executive Officer ofANADIGICS. "Our 22.6% sequential revenue growth and improved operating resultswere led by a 45% sequential increase in Wireless that highlights our marketshare increase and expansion in GSM/GPRS, EDGE, and WCDMA handsets. Broadbandalso delivered solid results with a sequential revenue increase of 6% led by a34% growth in WiFi sales." The Company also noted that the Strategic Planning Committee of theCompany's Board of Directors continues to evaluate strategic initiatives aspreviously communicated. Outlook for Fourth Quarter 2005 Net sales are expected to grow by approximately 15% in the fourth quarter2005 based on continued sequential growth in both Wireless and Broadband. Lossper share is estimated to improve by 35% for the fourth quarter of 2005. RECENT HIGHLIGHTS October 19, 2005 - ANADIGICS Unveils High Performance Fiber-to-the-Home/Fiber-to-the-Premises RF Amplifier September 26, 2005 - ANADIGICS Raises the Bar with HELP2(TM) CDMA PowerAmplifiers September 12, 2005 - ANADIGICS Expands HELP(TM) WCDMA Power AmplifierFamily August 4, 2005 - ANADIGICS Expands Intellectual Property Portfolio July 25, 2005 - ANADIGICS Unveils New Family of Dual-Band CDMA PowerAmplifiers CONFERENCE CALL ANADIGICS' senior management will conduct a conference call today at 8:30AM Eastern time. A live audio Webcast will be available at http://www.anadigics.com.A recording of the call will be available approximately two hours after theend of the call on the ANADIGICS Web site or by dialing (800) 688-7945(available until October 31). ANADIGICS, Inc. (Nasdaq: ANAD) designs and manufactures radio frequencyintegrated circuit (RFIC) solutions for growing broadband and wirelesscommunications markets. The Company's innovative high frequency RFICs enablemanufacturers of communications equipment to enhance overall systemperformance, and reduce manufacturing cost and time to market. By utilizingstate-of-the-art manufacturing processes for its RFICs, ANADIGICS achieves thehigh-volume and cost-effective products required by leading companies in itstargeted high-growth communications markets. ANADIGICS was the first GaAs ICmanufacturer to receive ISO 9001 certification and is certified to the ISO9001:2000 and ISO 14001:1996 quality standards. Except for historical information contained herein, this press releasecontains forward-looking statements that involve risks and uncertainties,including, but not limited to, order rescheduling or cancellation, changes incustomers' forecasts of product demand, timely product and process developmentand protection of the associated intellectual property rights, individualproduct pricing pressure, variation in production yield, changes in estimatedproduct lives, difficulties in obtaining components and assembly and testservices needed for production of integrated circuits, change in economicconditions of the various markets the Company serves, as well as the otherrisks detailed from time to time in the Company's reports filed with theSecurities and Exchange Commission, including the report on Form 10-K for theyear ended December 31, 2004. Actual results could differ materially from theCompany's forward-looking statements. These forward-looking statements cangenerally be identified as such because the context of the statement willinclude words such as "believe", "anticipate", "expect", or words of similarimport. Similarly, statements that describe the Company's future plans,objectives, estimates, or goals are forward-looking statements. Importantfactors that could cause actual results and developments to be materiallydifferent from those expressed or implied by such statements include thosefactors discussed herein. ANADIGICS, Inc. Condensed Consolidated Balance Sheets (Amounts in thousands) October 1, 2005 December 31, 2004 Assets (unaudited) Current assets: Cash and cash equivalents $ 10,727 $ 11,171 Marketable securities 71,829 63,615 Accounts receivable 17,816 10,770 Inventory 13,073 14,436 Prepaid expenses and other current assets 2,674 3,073 Total current assets 116,119 103,065 Marketable securities 4,614 29,265 Plant and equipment 35,012 43,038 Goodwill and other intangibles, net of amortization 6,079 6,297 Other assets 3,188 4,230 $165,012 $185,895 Liabilities and stockholders' equity Current liabilities: Accounts payable $ 14,170 $ 8,021 Accrued liabilities 3,681 4,783 Accrued restructuring costs 52 726 Capital lease obligations - 18 Total current liabilities 17,903 13,548 Other long-term liabilities 3,132 3,032 Long-term debt 84,700 84,700 Total Stockholders' equity 59,277 84,615 $165,012 $185,895 The condensed balance sheets at December 31, 2004 has been derived fromthe audited financial statements at such date but does not include all theinformation and footnotes required by generally accepted accounting principlesfor complete financial statements. ANADIGICS, Inc. Consolidated Statements of Operations (Unaudited) (Amounts in thousands, except share and per share amounts) Three months ended October 1, 2005 July 2, 2005 October 2, 2004 Net sales $29,264 $23,943 $25,053 Cost of sales 22,691 19,511 19,811 Gross profit 6,573 4,432 5,242 Research and development expenses 7,491 7,374 7,884 Selling and administrative expenses 5,234 5,506 5,482 Restructuring and other charges - - - Operating loss (6,152) (8,448) (8,124) Interest income 607 599 469 Interest expense (1,250) (1,249) (955) Gain on notes repurchase - - 327 Other income (expense) 15 9 (36) Net loss $(6,780) $(9,089) $(8,319) Basic and diluted loss per share Net loss $ (0.20) $ (0.27) $ (0.25) Weighted average common shares outstanding 34,067,204 34,057,232 32,770,442 Nine months ended October 1, 2005 October 2, 2004 Net sales $ 74,980 $ 68,935 Cost of sales 61,454 58,193 Gross profit 13,526 10,742 Research and development expenses 22,727 25,652 Selling and administrative expenses 16,292 17,371 Restructuring and other charges (120) - Operating loss (25,373) (32,281) Interest income 1,783 1,679 Interest expense (3,748) (2,835) Gain on notes repurchase - 327 Other income (expense) 18 308 Net loss $(27,320) $(32,802) Basic and diluted loss per share Net loss $ (0.81) $ (1.02) Weighted average common shares outstanding 33,871,838 32,251,721

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