# Photronics and Dai Nippon Printing form joint venture for China semiconductor market

Photronics and Dai Nippon Printing have agreed to form a joint venture, Photronics DNP Mask Corporation Xiamen (PDMCX), to serve semiconductor manufacturers in China. The JV will include a photomask manufacturing facility under construction in Xiamen, with a $160 million investment over five years. Production is scheduled to begin by end of 2018.

- Type: Partnership
- Announced: 2017-05-17
- Where: Xiamen, China, China
- Value: $160.0M
- Status: announced
- Products: photomasks
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Dai Nippon Printing](https://endata.com/companies/3103.md) (partner)
- [Photronics](https://endata.com/companies/24317.md) (partner)

## Sources

- [photronicsinc.gcs-web.com](https://photronicsinc.gcs-web.com/news-releases/news-release-details/photronics-announces-second-joint-venture-dai-nippon-printing), 2017-05-17: "Photronics, Inc. today announced an agreement with Dai Nippon Printing Co., Ltd. to form a joint venture focused on serving semiconductor manufacturers in China."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.