The II-VI EpiWorks Division of II‐VI Incorporated is breaking ground on a new production facility in Champaign, Illinois. The expansion, planned to complete by mid-2017, will enable a quadrupling of capacity over the next three years.
II-VI completed the acquisition of ANADIGICS on March 15, after a surprisingly prolonged auction that included GaAs Labs, II-VI and an unnamed Chinese company. The final price of $78 million was 2.4 times higher than the original deal secured by GaAs Labs.
II‐VI Inc., a leader in semiconductor lasers, announced that it signed agreements to acquire EpiWorks Inc. and ANADIGICS Inc. These two businesses that will expand II‐VI's technology platforms and production capacity for semiconductor lasers with a scalable 6‐inch epitaxial growth and wafer fabrication platform.