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PLAB Stock: Photronics Bets On China Semiconductor Plans Investor's Business Daily

June 11, 2022
Source: investors.com investors.com
News Snapshot:
Semiconductor equipment supplier Photronics ( PLAB ) is betting on China's domestic chip manufacturing ambitions to drive future growth. PLAB stock recently broke out. X In a presentation at the Stifel Cross Sector Insight Conference, which ran June 7-9, Photronics said it wants to win the "lion's share" of the photomask business from the "Made in China 2025" plan. Photronics is already the world's largest merchant photomask manufacturer. Photomasks are high-precision quartz plates that contain microscopic images of electronic circuits. They are used to make integrated circuits and flat-panel displays. For fiscal 2024, Photronics expects to earn $2.50 to $2.55...
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