Photronics Named Supplier of the Year by Fairchild Semiconductor

Photronics, Inc. (Nasdaq:PLAB), a worldwide leader in supplying innovative imaging technology solutions for the global electronics industry, today announced that Fairchild Semiconductor has awarded the Company with its Photomask Supplier of the Year Award. Each year Fairchild Semiconductor�s wafer fab operations in the United States and Korea rank their key suppliers in the categories of Quality, Delivery, Service, Technology & Systems and Cost of Ownership. During the prior year Photronics achieved a rating of greater than 90% in all categories.

Constantine (�Deno�) Macricostas, Photronics� Chairman and Chief Executive Officer commented, �We�re very pleased to again receive this recognition from Fairchild Semiconductor. They have been an integral customer to our operations and we highly value the close partnership and working relationship that has been developed between our companies. This award demonstrates the outstanding customer service, value and quality Photronics delivers globally.�

�Photronics has been a preferred supplier to Fairchild Semiconductor and this is the sixth time since 2002 they have been presented with this award. Photronics frequently delivers photomasks in less than 24 hours and therefore has been our supplier of choice for mission critical projects. This award is named for C. Sheldon Roberts, one of Fairchild Semiconductor�s co-founders, and represents a commitment to excellence in quality and service that Photronics epitomizes,� stated Douglas Wilson, Vice President of Operations, Fairchild Semiconductor.

About Photronics

Photronics is a leading worldwide manufacturer of photomasks. Photomasks are high precision quartz plates that contain microscopic images of electronic circuits. A key element in the manufacture of semiconductors and flat panel displays, photomasks are used to transfer circuit patterns onto semiconductor wafers and flat panel substrates during the fabrication of integrated circuits, a variety of flat panel displays and, to a lesser extent, other types of electrical and optical components. They are produced in accordance with product designs provided by customers at strategically located manufacturing facilities in Asia, Europe, and North America. Additional information on the Company can be accessed at www.photronics.com.

The Private Securities Litigation Reform Act of 1995 provides a �safe harbor� for forward-looking statements made by or on behalf of Photronics, Inc. and its subsidiaries (the Company). The forward-looking statements contained in this press release and other parts of Photronics� web site involve risks and uncertainties that may affect the Company�s operations, markets, products, services, prices, and other factors as discussed in filings with the U. S. Securities and Exchange Commission (SEC). These risks and uncertainties include, but are not limited to, economic, competitive, legal, governmental, and technological factors. Accordingly, there is no assurance that the Company�s expectations will be realized. The Company assumes no obligation to provide revisions to any forward-looking statements.

About Fairchild Semiconductor

Fairchild Semiconductor (NYSE: FCS) is a global leader delivering energy-efficient power analog and power discrete solutions. Fairchild is The Power Franchise�, providing leading-edge silicon and packaging technologies, manufacturing strength and system expertise for consumer, communications, industrial, portable, computing and automotive systems. An application-driven, solution-based semiconductor supplier, Fairchild provides online design tools and design centers worldwide as part of its comprehensive Global Power ResourceSM. Additional information on Fairchild Semiconductor can be accessed at www.fairchildsemi.com.

04-2009

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