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 key 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 to a lesser extent, other types of electrical and optical components. The company supports customers across the spectrum of IC production and FPD technologies by manufacturing photomasks using electron beam or optical (laser-based) systems. End markets served with IC photomasks include devices used for microprocessors, memory, telecommunications and related applications. The company owns various mature electron beam and laser-based systems. Sales and Marketing The company conducts its sales and marketing activities primarily through a staff of full-time sales personnel and customer service representatives who work with the company's management and technical personnel. In addition to the sales personnel at the company's manufacturing facilities, the company has sales offices in the United States, Europe, and Asia. Customers The company primarily sells its products to major semiconductor and FPD manufacturers. During the year ended November 1, 2015, the company sold its products and services to approximately 600 customers. During the year ended November 1, 2015, the company's major customers included AU Optronics Corp.; Micron Technology, Inc.; Dongbu HiTek Co. Ltd.; Nanya Technology Corporation; Global Foundries, Inc.; ON Semiconductor Corporation; Himax Display, Inc.; Samsung Electronics Co., Ltd.; IM Flash Technologies, LLC; Semiconductor International Manufacturing Corp.; Innolux Corporation; Shanghai Huahong Grace Semiconductor Manufacturing Corporation; Inotera Memories, Inc.; ST Microelectronics, Inc.; LG Electronics, Inc.; Texas Instruments Incorporated; Macronix International Company, Ltd.; Tower Semiconductor, Ltd.; MagnaChip Semiconductor Corporation; and United Microelectronics Corp. Seasonality The company is typically impacted during its first quarter (year ended November 2015) 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 incurred research and development expenses of $21.9 million in the year ended November 1, 2015. Patents and Trademarks The company has ownership interests in approximately 50 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 International, Ltd.; Dai Nippon Printing Co., Ltd. (outside of Taiwan); 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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