Photronics Closes Shanghai Facility
Photronics, a supplier of imaging technology solutions located in Brookfield, Conn., announced it is closing its integrated circuit photomask manufacturing facility in Shanghai, China, in an effort to reduce costs. While the closure is expected to cost between $10 million and $14 million, the company expects to the move to save about $5 million a year. Photronics also estimates that 75 employees will be affected by the closure. Due to the ability to service customers from its other locations, the company expects minimal, if any, revenue impact. After the closure, Photronics will have nine global manufacturing facilities, with four located within Asia (one in Korea, one in Singapore, and two in Taiwan).
- 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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