Canon is putting itself in a strategic position to benefit from India’s growing semiconductor sector. Known for its image and optical goods, the company is presently negotiating with a number of chip makers that want to set up fabrication facilities in the nation. India offers a “good opportunity” for Canon’s semiconductor lithography equipment, which is crucial for chip manufacture, according to Toshiaki Nomura, President and CEO of Canon India.
Many chip makers are viewing India as a feasible production option, according to Nomura, even if Canon has not revealed the names of the businesses it is talking with. Canon wants to assist these firms in building robust facilities in India by offering them not just equipment but also all-encompassing support.
Targeting double-digit growth in India across all of its business categories is part of Canon’s growth plan. The business intends to increase its footprint in tier II and tier III cities, where economic activity is growing quickly, as well as in the healthcare and other industries in addition to semiconductors.
Canon plans to support India’s industrial capacities by utilizing its cutting-edge technology and expertise in semiconductor lithography. This comprises the implementation of cutting-edge, ecologically friendly production techniques and
By entering the Indian semiconductor business, Canon is taking a big step to expand its operating presence in an area where the technology industry is expected to grow significantly. The business’s dedication to provide state-of-the-art support and technology highlights its long-term success strategy in this developing sector.
