Photronics opens new photomask fabrication facility in Shanghai
"Our new Shanghai facility represents the completion of another strategic action by positioning Photronics to serve one of the fastest growing semiconductor design and manufacturing regions in the world. Its capabilities and the enthusiasm of our employees will play a vital role in expanding our share of this fast growing market," stated Michael J. Luttati, Chief Executive Officer of Photronics. "As our customer base in China and throughout the rest of Asia continues to grow, we will leverage our globally integrated network, robust processes and our keen focus on customer service to enhance the differentiated value that Photronics can uniquely deliver."
Dr. Soo Hong Jeong, Chief Operating Officer and President of Photronics Asia added, "China is one of the most rapidly evolving technology markets in the world. As such, our Shanghai operation is a strategic element in building a strong competitive position for Photronics, one from which our commitment to our customers' success will enable our Company to expand on its leadership position throughout Asia and around the world."
He added, "Photronics' broad based understanding of the lithography challenges posed in migrating to more complex process nodes is creating opportunities which, as a strategic supplier, enable Photronics to improve both yield and productivity within China's growing semiconductor industry. Our entire team will be working with one objective in mind - we must be certain that every mask set we deliver contributes to the success of our customers in the marketplace."
