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HomeHighlightsToppan Carves Out Semiconductor Photomask Business

Toppan Carves Out Semiconductor Photomask Business

02 April 2022: Toppan, a global leader in communication, security, packaging, décor materials and electronics solutions, has entered into a share transfer agreement to carve out its semiconductor photomask business and establish a new company, Toppan Photomask Co., Ltd. (Toppan Photomask), with independent Japanese private equity company Integral Corporation (Integral) as an investment partner. Toppan Photomask begins operations today as a joint venture between Toppan and Integral. The company will drive further growth and strengthen competitiveness as an independent business entity that continues to support the rapidly growing semiconductor industry.

As digital innovation accelerates in diverse markets due to the evolution of technologies including artificial intelligence, automotive, power, and 5G networks, the global semiconductor market continues to expand at a rapid pace and is forecast to be worth more than 100 trillion yen in 2030. Against a backdrop of a global shortage of semiconductors, manufacturers are moving to bolster production capacity, which is in turn driving unprecedented demand for photomasks, essential components for semiconductor fabrication.

Since entering the photomask business in 1961, Toppan has continued to support growth of the semiconductor industry by deploying its advanced technological capabilities and expanding its manufacturing network from Japan to Asia, North America and Europe. Amid a growing trend for national governments to support domestic production of semiconductors, Toppan is the only photomask manufacturer to have a worldwide production network and enjoys the leading share of the merchant market for semiconductor photomasks.

The rapid growth of the semiconductor market, however, is driving the photomask market to a turning point, requiring manufacturers to make investments in R&D and equipment faster and more flexibly than ever before, based on accurate assessment of market changes and customer trends.

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