ASML slips as Canon unveils advanced tool to create advanced semiconductors
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Dutch semiconductor equipment company ASML (NASDAQ:ASML) fell around 1.5% in pre-market trading on Friday as Canon (OTCPK:CAJPY) (OTCPK:CAJFF), the Japanese company best known for cameras and printers, said it has started selling advanced machines to create leading-edge semiconductors.
Canon said its nanoimprint semiconductor manufacturing systems are easier and simpler to use than ASML's extreme lithography machine. The machine, known as the FPA-1200NZ2C, can make semiconductors the same as a 5 nanometer process and go as small as 2 nanometers.
For context, the A17 Pro, Apple's (AAPL) most powerful chip inside the iPhone 15 Pro, is 3 nanometers.
ASML's EUV machines are extremely large in size - roughly the size of a bus - and can cost around $200M.
Canon did not say how much the FPA-1200NZ2C machine will cost, though it is aimed at semiconductor foundries, such as Taiwan Semiconductor (TSM), which already purchases EUV lithography tools from ASML.
Late last month, TF International Securities analyst Ming-Chi Kuo said ASML (ASML) could slash shipments for the extreme ultraviolet lithography, or EUV, technology, due to a number of reasons, including lower demand from Apple (AAPL) for 3 nanometer chips.
Neither Canon or ASML immediately responded to a request for comment from Seeking Alpha.

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