Canon will build a new semiconductor equipment plant in Tochigi Prefecture in eastern Japan, aiming to double its current production capacity with a total investment of more than 50 billion yen (about $345 million), with construction scheduled to begin in 2023 and operations in the spring of 2025. According to Nikkei News, Canon plans to increase lithography production and will also consider producing next-generation systems capable of manufacturing cutting-edge fine circuits at low cost.
Canon currently produces related equipment at two plants in Japan that can be used for chip manufacturing for applications such as automotive control systems.
The new plant will be built on top of the existing one, and it is the first new plant for lithography equipment built by Canon in 21 years.
