Japan’s Canon says interest in new chipmaking tools exceed expectations

Japan's Canon says interest in new chipmaking tools exceed expectations

TOKYO (Reuters) – Japan’s Canon said on Tuesday that early interest in its new lithography chipmaking machines is exceeding expectations as it makes a major push to close the gap with Dutch company ASML.

ASML has become Europe’s most valuable tech company with its extreme ultraviolet (EUV) lithography machines, which use beams of light to create circuitry and are employed by TSMC and Intel to create cutting-edge chips.

In October, Canon unveiled its new nanoimprint lithography machines, which stamp circuit patterns directly onto wafers. The company emphasises the low cost and low power consumption of the tools, with their prospects a topic of industry debate.

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

The company aims to roll out the machines for production of memory chips before expanding to other areas, Asada said.

Canon expects to sell 247 of its existing lithography machines in the financial year ending December compared to 187 units a year earlier, boosted by demand for power chips and graphics processing units (GPU) for artificial intelligence tasks.

(Reporting by Sam Nussey and Miho Uranaka, Editing by Kylie MacLellan)

Jerry David is a seasoned Senior Reporter specializing in consumer tech for BritishMags. He keeps a keen eye on the latest developments in the gadget arena, with a focus on major players like Apple, Samsung, Google, Amazon, and Sony, among others. Jerry David is often found testing and playing with the newest tech innovations. His portfolio includes informative how-to guides, product comparisons, and top picks. Before joining BritishMags, Jerry David served as the Senior Editor for Technology and E-Commerce at The Arena Group. He also held the role of Tech and Electronics Editor at CNN Underscored, where he launched the Gadgets vertical. Jerry David tech journey began as an Associate Tech Writer at Mashable, and he later founded NJTechReviews in 2010. A proud native of New Jersey, Jerry David earned his Bachelor of Arts in Media & Communication with honors, minoring in Innovation and Entrepreneurship from Muhlenberg College. Outside of work, he enjoys listening to Bruce Springsteen, indulging in Marvel and Star Wars content, and spending time with his family dogs, Georgia and Charlie.