Anadigics (ANAD +5.1%) is closing sharply higher after announcing 3 of its power amplifiers and...

|By:, SA News Editor

Anadigics (ANAD +5.1%) is closing sharply higher after announcing 3 of its power amplifiers and a front-end IC (FEIC) for the next-gen 802.11ac Wi-Fi standard are used in versions of Samsung's Galaxy S4. The announcement comes 2 weeks after Anadigics stated its Wi-Fi FEIC sales grew over 4x Q/Q in Q1 to $4.8M, and made up 18% of revenue. Wi-Fi chipset reference design wins with market leader Broadcom and others have given the business a lift. (PR)