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    India prominent market for Canon; plans to expand retail network by 2027: India CEO Nomura

    Canon India has ambitious plans to grow by reaching over 10,000 active resellers by 2027. The company anticipates growing demand in smaller Tier 2, 3, and 4 cities as key segments drive growth. Canon's current strategy includes enhancing its omni-channel retail presence, combining offline and online sales. The imaging market is evolving with a shift towards mirrorless cameras and videography.

    ASML extends chipmaking dominance as customers embrace High NA

    Its existing $200 million EUV machines, essential for making advanced AI chips, are all but sold out through 2027, while customers have made a flurry of commitments to adopt its next generation of $400 million High NA tools.

    Global Market: Nikkei gains as AI, semiconductor stocks lift Japanese shares

    Japan’s Nikkei rose 0.43% to 65,549.88, supported by renewed optimism in AI, semiconductor and data-centre demand despite Middle East tensions and higher oil prices. Strong manufacturer confidence and gains in technology stocks boosted sentiment, while a stronger yen and expectations of Bank of Japan rate hikes limited broader market advances.

    Nikon ventures into the world of cinema with RED Digital acquisition

    Japanese camera giant, Nikon, has announced a deal to acquire US-based RED Digital Cinema, a renowned movie camera manufacturer, entering the cinema industry after resolving a legal dispute over alleged patent infringement.

    Nikon India enters healthcare sector with microscopy solutions

    The company has launched its 'AXR Point' scanning confocal microscope that has the capability to provide a field of view of 25mm in one single shot thereby helping researchers to generate most accurate statistical data while imaging, Nikon India said in a statement.

    Nikon set to exit SLR camera business as it shifts focus to mirrorless cameras

    According to reports, Nikon will discontinue making DSLR cameras in order to produce better mirrorless camera models as rising competition via the smartphone industry has disrupted the camera market.

    The Economic Times
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