SAN JOSE, CAUltratech Stepper has closed its UltraBeam Lithography business. The project focused on developing electron beam technologies for the photomask manufacturing industry. UltraBeam employs about 30 people and is based in Murray Hill, NJ.
According to the company, the decision is the best alternative for enhancing stockholder value. UltraBeam has generated no significant revenues. Ultratech will report a special charge for the discontinuation in its Q2’00 financial results.