Canon eyes India semiconductor boom

Canon, a global imaging and optical major, is exploring opportunities in India's semiconductor boom, according to its India President and CEO, Toshiaki Nomura. The company, known for its lithography systems used in semiconductor manufacturing, aims to support the development of India's semiconductor ecosystem as the government aims to establish domestic chip fabrication capabilities.

Nomura stated that Canon plans to bring its lithographic machines to assist chip manufacturers in producing chips in India, seeing this as a significant opportunity. The Japanese technology giant has already engaged with key semiconductor projects in the country, with more developments expected as the government pushes for faster progress.

Nomura expressed confidence in India's capabilities, acknowledging the hard work of policymakers and industry stakeholders in building the necessary ecosystem. Canon's expansion into newer technology segments, including semiconductor equipment, medical systems, and surveillance solutions, demonstrates its commitment to bringing advanced technologies to India and creating additional value for customers.