Japan’s Canon says demand in new chipmaking machines surpasses expectations

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Japan's Canon says demand in new chipmaking machines surpasses expectations
Japan's Canon says demand in new chipmaking machines surpasses expectations

Canon opens a new tab, and early demand for its new lithography chipmaking machines has exceeded expectations as it works hard to bridge the gap with Dutch rival ASML.

Canon (7739.T), opens new tab, announced on Tuesday that early demand for its new lithography chipmaking machines has exceeded expectations as it makes a significant drive to close the gap with Dutch competitor ASML (ASML.AS), opens new tab.

ASML has become Europe’s most valuable technology business because of its extreme ultraviolet (EUV) lithography tools, which use light beams to construct circuitry and are used by TSMC (2330.TW) and Intel (INTC.O.) to produce cutting-edge processors.

In October, Canon announced its new nanoimprint lithography equipment, which stamps circuit layouts directly onto wafers. The manufacturer highlights the instruments’ low cost and low power usage, and their prospects are a source of industry dispute.

While it is too soon to predict when the machines will add to Canon sales, “there has been a bigger response than we expected,” Minoru Asada, head of Canon’s finance and accounting headquarters, told.

According to Asada, the company intends to first use the equipment for memory chip fabrication before extending into other fields.

Canon aims to sell 247 of its existing lithography machines in the fiscal year ending December 31, up from 187 a year ago, driven by demand for power chips and graphics processing units (GPU) for artificial intelligence workloads.

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