On Air Now

Tune in to Listen

99.9 FM Hibbing, MN

Weather

Current Conditions(Hibbing,MN 55746)

More Weather »
59° Feels Like: 59°
Wind: SSW 3 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Isolated Thunderstorms 51°

Tomorrow

PM Thunderstorms 77°

Wed Night

Scattered Thunderstorms 61°

Alerts

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

TOKYO (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).

($1 = 102.1650 Japanese yen)

(Reporting by Chang-Ran Kim; Editing by Dominic Lau)

Comments