February 14, 2014 / 1:00 AM / 4 years ago

Canon says to buy U.S.'s Molecular Imprints

TOKYO, Feb 14 (Reuters) - Japan’s Canon Inc said on Friday it would take over Austin, Texas-based Molecular Imprints Inc, which develops nanoimprint lithography systems, in a bid to strengthen its chipmaking equipment business.

Canon has carried out joint development of next-generation semiconductor lithography systems, which plays a key role in the chip fabrication process, with Molecular Imprints and a major semiconductor maker since 2009.

Canon said it decided to make unlisted Molecular Imprints a wholly owned unit after establishing an outlook for volume production using the technology.

Canon did not disclose a price for the acquisition, which the Nikkei business daily estimated at more than 10 billion yen ($98 million).

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