Why Shares of Photronics Jumped Wednesday
Shares of Photronics (NASDAQ: PLAB) were up more than 12% on Wednesday after the semiconductor company, whose photomask technology is used in integrated circuits (IC) and flat-panel displays (FPD), released second-quarter earnings. The company said it is seeing strong demand for its IC and FPD products. While high-end IC demand fell by 9% due to lower demand in Asia, mainstream demand grew 13%.