Canon to invest in emerging fields
By Sachi Izumi
Last Update: 4:41 AM ET July 2, 2003
TOKYO (CBS.MW) - Japan's Canon said Wednesday it is planning to invest billions of dollars to set up research centers across Japan as it moves into emerging fields such as nanotechnology and flat-panel displays.
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The Nihon Keizai Shimbun reported the investment to be as much as 200 billion yen ($1.68 billion), but a Canon spokesman said the amount hadn't been decided.
Canon (CAJ: news, chart, profile), known for its cameras and printers, will focus on researching and developing ultra-fine particles for ink jets in a new center in Kawasaki, near Tokyo, while improving R&D into nanotechnology, fuel-cell batteries and new optical materials at its Tokyo offices.
Two new centers in the prefectures of Kanagawa, also near Tokyo, and in Utsunomiya in northern Tochigi, will develop production techniques for large-scale displays using SEDs (surface-condition electron emitter displays) and for next-generation semiconductors, respectively.
Shares of Canon rose 2.3 percent to 5,700 yen.
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