Canon eyes business from chip companies setting up India operations – Times of India

Canon eyes business from chip companies setting up India operations – Times of India


NEW DELHI: Japanese imaging and optical products major Canon believes that it has a good opportunity in India for its semiconductor lithography equipment required for chip fabrication, and it is in negotiations with companies setting up facilities here, said its India President and CEO Toshiaki Nomura.
Though Canon did not disclose names, it said there are immense opportunities in this, as many chip manufacturers are now eying India as a new destination for semiconductor manufacturing.
“A lot of Chip manufacturers are eyeing India as a new manufacturing place. We are discussing with all those chip manufacturers to give our product and service,” Nomura told PTI.
This is a “good opportunity for us”, and the Tokyo-based group can contribute through its technology, products and services in this segment of the Indian market, he added.
“We are installing the equipment for them to manufacture chips through our technology and the product. We help chip manufacturers build a strong facility in India. Once the chip manufacturer sets up the facility in India, we will install our equipment and through our excellent product and the support we can contribute to Indian semiconductor industries,” Nomura added. “We are now at the negotiation stage. I cannot disclose this information now, but we have our ground discussion ongoing.”
For Canon, India is “one of the most important markets” globally, where the company is growing with double digits and expects to continue that pace of growth here supported by tailwinds, such as a growing economy, rapid urbanisation, and young demography, among others.
“In 2024, we are quite close to double-digit growth, and for coming years, I am very optimistic and confident to achieve double-digit growth year by year,” Nomura said, adding that “all business portfolios for us are showing the growth”.





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    I am Bhavesh Mathur; a content writer and web designer, very strong on the delivery of impactful and insightful content. My major work involves writing articles on a wide variety of business and news-related topics, with the prime focus being on making hard-to-understand information approachable and interesting for readers. As the founder of News Eager, I will post news daily in many fields such as politics, business, sports, entertainment, and lifestyle. I will provide a platform where people can easily stay updated with what is happening in different parts of the world. In addition to my writing, I bring web design skills to each project, ensuring that my platforms are not only content-rich but also visually appealing and user-friendly. I aim to bring value and build trust with my audience through my work on News Eager.

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