Photronics, Inc. (PLAB), a semiconductor company, announced on Thursday that its Board has authorized an increase to its existing share repurchase drive to buyback up to $100 million of shares from the previously announced $31.7 million of shares.
Frank Lee, CEO of Photronics, said: "We are taking this step to demonstrate our commitment to enhancing shareholder returns by returning cash to our shareholders and investing in the value we see in our equity."
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