Canon’s involvement could be a critical step in bringing advanced chip-making technologies to the country.
India is one of Canon’s fastest-growing markets globally.
Canon, the Japanese imaging and optical technology leader, sees significant potential in India’s emerging semiconductor industry. 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.
Toshiaki Nomura, President and Chief Executive Officer, Canon
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,” said Nomura.
Canon aims to play a key role in equipping these facilities with its state-of-the-art lithography machines. According to Nomura, Canon’s technology can help build robust manufacturing setups and contribute significantly to the growth of India’s semiconductor ecosystem. “Once manufacturers establish their facilities here, we will install our equipment and provide strong support to help them succeed,” he added.
While specific details about the negotiations remain undisclosed, Canon is optimistic about its role in India’s semiconductor journey. “We are in the negotiation stage and have ongoing ground discussions,” Nomura shared.
India is one of Canon’s fastest-growing markets globally. The company has been achieving double-digit growth in the region, driven by factors like a growing economy, rapid urbanization, and a young population. “In 2024, we are nearing double-digit growth, and I am confident this trend will continue in the years ahead across all our business segments,” said Nomura.
Canon, the Japanese imaging and optical technology leader, sees significant potential in India’s emerging semiconductor industry. 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.
Toshiaki Nomura, President and Chief Executive Officer, Canon
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,” said Nomura.
Canon aims to play a key role in equipping these facilities with its state-of-the-art lithography machines. According to Nomura, Canon’s technology can help build robust manufacturing setups and contribute significantly to the growth of India’s semiconductor ecosystem. “Once manufacturers establish their facilities here, we will install our equipment and provide strong support to help them succeed,” he added.
While specific details about the negotiations remain undisclosed, Canon is optimistic about its role in India’s semiconductor journey. “We are in the negotiation stage and have ongoing ground discussions,” Nomura shared.
India is one of Canon’s fastest-growing markets globally. The company has been achieving double-digit growth in the region, driven by factors like a growing economy, rapid urbanization, and a young population. “In 2024, we are nearing double-digit growth, and I am confident this trend will continue in the years ahead across all our business segments,” said Nomura.