Hoya Is the Second-Largest Eyeglass Lensmaker and the Dominant Leader in Mask Blanks

Although Hoya is widely known as an eyeglass lens and contact lens provider, it has more than 60% market share in mask blanks for semiconductor manufacturing, and an even higher market share, at more than 75%, in mask blanks used for extreme ultraviolet lithography technology. Hoya’s IT business accounts for less than 30% of its total revenue and half of Hoya's earnings thanks to its dominant position in this area. Over the next decade, as semiconductor miniaturization continues and EUV technology becomes more indispensable, we believe that sales of high-value-added EUV mask blanks will grow and drive Hoya's profit growth.