Our ongoing purchases of advanced E-beam writers are an example of our commitment to capital investment on behalf of our customers. TCE has already invested in two dvanced E-beam writers, each worth US$12 million. By the end of 2002, TCE and parent company Toppan will have a total of 11 E-beam writers, and in 2003 will add four additional writers, for a total of 15.
The goal of these large capital investments is simple. We wish to further boos our production capacity, reduce production cycle time, meet the requirements of tomorrowˇ¦s semiconductor manufacturing, while lowering the investment our customers must make in photomasks.