# Photronics (PLAB)
> 반도체·디스플레이 포토마스크(노광 원판) 세계 선도 기업. FY2025 매출 $8.49억, IC $6.15억·FPD $2.34억. 약 675개 고객(파운드리·IDM·디스플레이). 한국 자회사 PKL을 통해 삼성전자 등에 공급. 마스크 없이는 어떤 칩도 노광할 수 없는 필수 소모재.
Canonical: https://valuechain.wiki/photronics · Updated: 2026-06-21T15:59:18.896805+00:00 · Source: ValueChain.wiki (refined facts, cited)

## Financials & segments
- 총매출: FY2025 매출 $849M
- 고객 집중도: 파운드리·IDM·디스플레이 ~675개 고객.
- 사업부문: IC 포토마스크, FPD 포토마스크

## Annual stock return (as of 2026-06-18)
- 2021: +68.9%
- 2022: -10.7%
- 2023: +86.4%
- 2024: -24.9%
- 2025: +35.8%
- 2026 YTD: +5.1%

## Value-chain annual returns (top→bottom: demand → node → supply; YTD as of 2026-06-18)
| Company | Chain | 2021 | 2022 | 2023 | 2024 | 2025 | YTD |
| --- | --- | --- | --- | --- | --- | --- | --- |
| CoreWeave | lead3 | · | · | · | · | · | +64.7% |
| Arista Networks | lead3 | +97.9% | -15.6% | +94.1% | +87.7% | +18.5% | +29.5% |
| Foxconn | lead3 | -5.1% | +2.8% | +7.8% | +80.1% | +26.9% | +21.8% |
| 알파벳 (구글) | lead3 | +65.3% | -39.1% | +58.3% | +35.8% | +66.1% | +17.8% |
| Apple | lead3 | +34.6% | -26.4% | +49% | +30.7% | +9.1% | +9.8% |
| 아마존 | lead3 | +2.4% | -49.6% | +80.9% | +44.4% | +5.2% | +5.9% |
| Super Micro | lead3 | +38.8% | +86.8% | +246.2% | +7.2% | -4% | +4.7% |
| 메타 플랫폼스 | lead3 | +23.1% | -64.2% | +194.1% | +65.9% | +13.1% | -12.3% |
| 마이크로소프트 | lead3 | +52.5% | -28% | +58.2% | +12.9% | +15.6% | -21.2% |
| Marvell | lead2 | +84.9% | -57.5% | +63.7% | +83.8% | -22.8% | +265.9% |
| AMD | lead2 | +56.9% | -55% | +127.6% | -18.1% | +77.3% | +150.9% |
| Qualcomm | lead2 | +22.3% | -38.4% | +35.1% | +7.7% | +13.9% | +34.2% |
| Broadcom | lead2 | +56.8% | -13.4% | +104.9% | +110.9% | +50.7% | +19.3% |
| NVIDIA | lead2 | +125.5% | -50.3% | +239% | +171.3% | +38.9% | +13.1% |
| 삼성전자 | lead1 | -9% | -14.2% | +20.9% | -26.4% | +212.9% | +121% |
| Photronics | node | +68.9% | -10.7% | +86.4% | -24.9% | +35.8% | +5.1% |

## Money in · revenue from (2)
### 삼성전자 (mid)  → /samsung-electronics.md
- note: 한국 자회사 PKL로 삼성전자에 포토마스크 공급.
- [confirms] SEC EDGAR (EN, filing, published 2025-12-01) https://www.sec.gov/Archives/edgar/data/810136/000114036125045083/ef20060918_ex99-1.htm: "삼성전자가 메모리용 포토마스크를 포트로닉스 PKL에 외주 검토."
- [confirms] 디일렉 (KO, news, published 2025-06-01) https://www.thelec.kr/news/articleView.html?idxno=35871: "삼성전자가 메모리용 포토마스크를 포트로닉스 PKL에 외주 검토."

### 파운드리·IDM (포토마스크) (mid)
- note: 파운드리·IDM에 IC 포토마스크 공급(~675개 고객).
- [confirms] SEC EDGAR (EN, filing, published 2025-12-01) https://www.sec.gov/Archives/edgar/data/810136/000114036125045083/ef20060918_ex99-1.htm: "마스크는 노광에 필수, 파운드리·IDM 전반이 고객."
- [confirms] 전자신문 (KO, news, published 2022-11-07) https://www.etnews.com/20221107000200: "마스크는 노광에 필수, 파운드리·IDM 전반이 고객."

## Money out · pays to (2)
### 마스크 블랭크·소재 (비공개) (mid)
- note: 마스크 블랭크·펠리클 등 소재 조달.
- [confirms] 전자신문 (KO, news, published 2022-11-07) https://www.etnews.com/20221107000200: "마스크 블랭크 등 핵심 소재 의존."

### 마스크 묘화·검사 장비 (비공개) (low)
- note: 마스크 묘화·검사 장비(비공개).
- [confirms] SEC EDGAR (EN, filing, published 2025-12-01) https://www.sec.gov/Archives/edgar/data/810136/000114036125045083/ef20060918_ex99-1.htm: "마스크 제작에 전용 묘화·검사 장비 사용."

---
_Generated for LLM/agent consumption. Each edge lists stance (confirms/mentions/contradicts), source publisher, language, date, and excerpt for verification._