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This strategic move aligns with Canon's vision to expand its technological footprint while leveraging India's growth trajectory in the electronics and semiconductor domains.
As India intensifies its efforts to become a global semiconductor hub, Canon has expressed interest in contributing to the nation’s semiconductor manufacturing ecosystem. The company's interest aligns with the Indian government’s push to establish a robust semiconductor ecosystem through its Production Linked Incentive (PLI) schemes and initiatives promoting domestic manufacturing.
Canon’s involvement could be a critical step in bringing advanced chip-making technologies to the country. Canon’s expertise could also contribute to creating a supply chain ecosystem that supports innovation and sustainability.
Canon’s state-of-the-art imaging and optical solutions enable high precision and efficiency, making the company a valuable partner for semiconductor production initiatives. The firm’s entry into India’s semiconductor sector could help bridge technological gaps and enhance local capabilities, enabling the country to meet global standards in chip production.
Speaking about Canon’s plans, Toshiaki Nomura, President and CEO of Canon India, highlighted the growing interest of global chip manufacturers in India as a destination for semiconductor manufacturing. “Many chip manufacturers are exploring India for their next manufacturing base. We are in active discussions to offer our technology and services to support their operations,” he said.
The company is currently in discussions with manufacturers setting up semiconductor fabrication units in India to supply its advanced lithography equipment, crucial for chip production. Canon’s exploration of India’s semiconductor sector signifies a strategic alignment with global trends and regional opportunities. If successful, this move could position Canon as a key player in India’s semiconductor journey, contributing to economic growth, technological advancement, and global competitiveness.
While specific details about the negotiations remain undisclosed, Canon is optimistic about its role in India’s semiconductor journey. It also aims to play a key role in equipping these facilities with its state-of-the-art lithography machines.
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