Investor Presentaiton
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PHOTRONICS, INC.
Long-Term Trends Driving Photomask Demand
Semiconductor: growing capacity and design activity
1. More extensive use of semiconductors across multiple applications
2. Supply chain regionalization driving investments in semiconductor fabs that
creates redundant production capacity and drives photomask demand
3. Differentiation by design becoming factor in mainstream (ASIC) and
leading-edge applications
4. Expanding EUV adoption drives semi manufacturer outsourcing of legacy
technology nodes, increasing TAM for merchant suppliers
Display: advanced displays driving innovation
1. Global panel makers innovating to win AMOLED market share
2. Growing competition drives innovation and greater mask value
3. AMOLED manufacturing moving to larger form factor, requiring high-quality,
advanced photomask
Design and Manufacturing Complexity is Good for Photomask DemandView entire presentation