Photronics,
PLAB today
announced an agreement with Dai Nippon Printing Co., Ltd. (DNP)
(7912:Tokyo Stock Exchange) to merge Photronics Semiconductor Mask
Corporation (PSMC), a majority owned subsidiary of Photronics, with DNP
Photomask Technology Taiwan Co., Ltd. (DPTT), a wholly owned subsidiary
of DNP, to form a joint venture focused on serving semiconductor
manufacturers in Taiwan. Photronics and DNP will own 50.01% and 49.99%
of the joint venture, respectively, and its financial statements will be
included in the consolidated financial statements of Photronics, Inc.
The joint venture is subject to regulatory approvals and customary
closing conditions and the non-cash transaction is
See full press release
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