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Photon Dynamics Acquires Intevac Business

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SAN JOSE, Calif., Nov. 6 -- Photon Dynamics Inc. announced it has completed its acquisition of the rapid thermal processing (RTP) portion of the flat-panel display capital equipment business of Intevac Inc. Intevac, based in Santa Clara, has sold its patented RTP technology used for activating low-temperature poly-silicon (LTPS) films during the manufacturing process for flat-panel displays (FPDs) to Photon Dynamics. Photon Dynamics bought the RTP technology and related business assets from Intevac in exchange for approximately $20 million in cash and the assumption of certain liabilities....Read full article

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    Published: November 2002
    ConsumerindustrialNews & Features

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