The present invention provides a VCM driver realizing low power consumption and high accuracy and a PWM amplifier compensating a dead time distortion. A phase compensator, a .DELTA.S modulator receiving an output signal of the phase compensator and converting the output signal to a control code of predetermined bits, a PWM modulator receiving the control code to produce a PWM signal, and an output circuit receiving the PWM signal to drive a voice coil constitute a forward path. A sense amplifier sensing a current of the voice coil, an ADC receiving an output signal of the sense amplifier, a low-pass filter receiving an output signal of the ADC, and a decimation filter receiving an output signal of the low-pass filter constitute a feedback path. An output signal of the decimation filter is fed back to the input side of the phase compensator to form a major feedback loop having a first-order characteristic loop gain. An output signal of the decimation filter is fed back to the output side of the phase compensator to form a minor feedback loop having a loop gain which is flat until a target band frequency when viewed from the output side of the phase compensator.