Canon to build first lithography plant in 21 years, betting on nanoimprint technology

Japanese camera and lithography machine maker Canon will invest more than JPY50 billion (US$345 million) to build a new plant in Japan’s Tochigi prefecture, Nikkei Asia reported. The plant, intended for lithography machine production, marks Canon’s first plant for lithography equipment in 21 years. Construction will begin in 2023, and begin operation in 2025. While the Dutch company ASML leads the global lithography equipment market with 60% share in volume shipped, Canon’s share is 30%.

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Foxconn, FPG keen on LFP battery production in Taiwan

Lithium iron phosphate (LFP) batteries are significantly gaining ground in energy storage and EV applications amid the mounting calls for reducing carbon emissions to net zero. This has prompted many industry conglomerates including Taiwan’s Formosa Plastics Group (FPG) and Foxconn Technology (Hon Hai) to step up investments in domestic production of LFP batteries, according to industry sources.

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