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Photronics Inc
Photronics creates photomasks, which are like ultra-precise stencils used to print circuit patterns onto silicon wafers during chip manufacturing. Chip companies like Intel and TSMC buy these photomasks because they need them to produce every semiconductor. The company makes money by selling these photomasks to chip manufacturers worldwide.
Photronics operates in the semiconductor equipment industry. This sector supplies tools and materials needed to make computer chips. Demand fluctuates based on how many chips electronics companies need, which depends on consumer spending and tech innovation cycles.
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