Photronics, Inc. operates as a manufacturer of photomasks, which are high precision photographic quartz plates containing microscopic images of electronic circuits. The company’s photomasks are a major element in the manufacture of semiconductors and flat panel displays (FPDs), and are used as masters to transfer circuit patterns onto semiconductor wafers and flat panel substrates during the fabrication of integrated circuits (ICs) and various FPDs, and other types of electrical and optical components. Its photomasks are used as masters to transfer circuit patterns onto semiconductor wafers and flat panel substrates. The company supports customers across the spectrum of IC production and FPD technologies by manufacturing photomasks using electron beam or optical (laser-based) technologies. It owns various mature electron beam and laser-based systems. Sales The company has sales offices in the United States, Europe, and Asia. Customers The company primarily sells its products to semiconductor and FPD manufacturers. During the year ended November 3, 2013, the company's major customers included ASML Holding NV; LG Electronics, Inc.; AU Optronics Corp.; Micron Technology, Inc.; Chimei Innolux Corporation; Nanya Technology Corporation; Dongbu HiTek Co. Ltd.; Novatek Microelectronics Corp., Ltd.; Global Foundries, Inc.; ON Semiconductor Corp.; Himax Display, Inc.; Samsung Electronics Co., Ltd.; Ili Technology Corp.; ST Microelectronics, Inc.; IM Flash Technologies, LLC; Texas Instruments Incorporated; Inotera Memories, Inc.; United Microelectronics Corp.; Jenoptik AG; and X-FAB Silicon Foundries. The company sold its products and services to approximately 600 customers. Seasonality The company is impacted during its first quarter (year ending November 2013) by the North American and European holiday periods, as some customers reduce their effective workdays and orders during this period. Research and Development The company conducts its primary research and development activities for IC photomasks at its MP Mask Technology Center, LLC, a joint venture with Micron Technology, Inc. and at its U.S. nanoFab, both of which are located in Boise, Idaho, and also at PK, Ltd., its subsidiary in Korea; and at Photronics Semiconductor Mask Corporation, one of its subsidiaries in Taiwan, and for FPD photomasks at PKL, and in site-specific research and development programs to support strategic customers. The company also conducts application oriented research and development activities to support the early adoption of new photomask or supporting data and services technology into the customers' applications. Research and development photomask activities for ICs are focused on 20 nanometer node and below, and for FPDs on Generation 8 resolution enhancement masks, substrates larger than Generation 8 and masks for AMOLED type displays. The company had incurred research and development expenses of $20.8 million in the year ended November 3, 2013. Patents and Trademarks The company has ownership interests in approximately 45 issued U.S. patents. The expiration dates of these patents range from 2018 to 2030. The company also has various trademarks and trademark registrations in the United States and in other countries. Competition The company’s competitors include Compugraphics, Inc.; Dai Nippon Printing Co., Ltd.; Hoya Corporation; SK-Electronics Co. Ltd.; Taiwan Mask Corporation; and Toppan Printing Co., Ltd. History Photronics, Inc., a Connecticut corporation, was founded in 1969.
photronics inc (PQ2:Berlin)
15 Secor Road
Brookfield, CT 06804
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