Canon Inc., widely known for its cameras, is in discussions with Indian and global players to provide semiconductor lithography equipment, a crucial component in chip manufacturing, as it aims to compete with industry leader ASML.
The company is engaging with semiconductor firms investing in India, including the Tata Group and Powerchip Semiconductor Manufacturing Corp (PSMC).
Canon's president and CEO, Manabu Yamazaki, stated, "We are in early stages of discussions with Indian and global semiconductor companies who have committed to invest in building semiconductor fabrication units in India as well as others who are expanding electronics manufacturing such as phones and laptops for assembling printed circuit boards and motherboards".
The Japanese multinational has developed a range of semiconductor lithography equipment designed to meet the technical requirements of various applications beyond traditional semiconductor wafer processing.
Canon's new chipmaking machines can produce circuits equivalent to the 5-nanometer scale when using extreme ultraviolet lithography (EUV), a field dominated by ASML. The company expects its device to reach next-generation 2nm production with further advancements.
In addition to its semiconductor ambitions, Canon has established a new subsidiary in India, Canon Medical Systems India, headquartered in Gurugram, to cater to the growing demand for medical equipment such as CT scanners, MRI machines, and ultrasound systems. The company aims to target key markets, including Chennai, Hyderabad, and Mumbai.
As part of its strategy to strengthen core business segments in India, Canon plans to contribute 30% of its revenue to the Asia business (excluding Japan) by 2035. The company recognises India as a critical market and aims to penetrate tier 2 and tier 3 cities with imaging, printing, and surveillance products while offering a wide range of semiconductor and flat panel display lithography equipment.
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