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  • Photronics, Micron Sign New Lease
May 2009
Photronics Inc., a Brookfield, Conn.-based photomask maker, and Micron Technology Inc. have entered into a new operating lease agreement on the NanoFab mask venture and will terminate their original capital lease agreement. In 2006, Photronics and Micron joined forces to establish a technology center to develop and produce photomasks for next-generation semiconductors. Under the new agreement, quarterly lease payments will be reduced from $3.8 million to $2.0 million, and the lease term will be extended from Dec. 31, 2012 to Dec. 31, 2014. All outstanding debts and assets associated with NanoFab will be reduced by approximately $30 million, according to Photronics.

The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
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