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Photronics, Dai Nippon Printing to Form Joint Semiconductor Venture

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Photronics Inc., a supplier of technology solutions for the global electronics industry, has announced an agreement with Dai Nippon Printing Co. Ltd. (DNP) to form a joint venture focused on serving semiconductor manufacturers in China. The agreement states that a subsidiary of DNP will acquire 49.99 percent of Photronics' wholly foreign owned entity in Xiamen, China, with Photronics maintaining an ownership of 50.01 percent. The joint venture's financial statements will be included in the consolidated financial statements of Photronics. The joint venture, which will be called...Read full article

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