To my knowledge, Texas Instruments is not a client for Anadigics. In the past, several executives from Texas Instruments went on to Anadigics, only to eventually leave. Reason? Anadigics used growth from it's long ago largest client RIMM to upgrade it manufacturing process to some of the most complex and sophisticated anywhere in the world. These manufacturing upgrades will hopefully be a competitive advantage for Anadigics as it has positioned itself for the coming business semi business cycle. Here is what they have done:
1. Placed emphasis in connecting automobiles to the internet.
2. Placed emphasis in getting on board with Qualcomm.
3. Placed emphasis in wireless infrastructure.
4. Placed emphasis in working with Huawei and ZTE.
TI said on the call that wireless infrastructure is very strong. Almost as strong as Q3 of 2011. TI also said industrial business is strong as well (Auto). TI said WCDMA business was very strong. Just weeks ago, Anadigics reported supporting Huawei's Honor phone. Anadigics has won design wins at Qualcomm. They have been designed into several new ZTE phones.
From Anadigics most recent conference call, Anadigics said they guided conservatively for Q2. They mentioned revenue from RIMM will only be $500k. Q2 might be the last of business from RIMM. Anadigics reduced cost by $8 million and said they will resume R&D beginning second half to support long term revenue streams.
I believe this one is a canary in the coal mine, and looks like the bottom might be in as we get ready for economic expansion beginning this July.
jWells
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