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Nikon Corp.

Nikon Corporation manufactures and sells optical instruments across Japan, North America, Europe, China, Thailand, and other international markets. It operates through five segments: Imaging Products, Precision Equipment, Healthcare, Components, and Digital Manufacturing. The Imaging Products segment offers interchangeable-lens digital cameras, compact digital cameras, and interchangeable lenses, while Precision Equipment provides FPD and semiconductor lithography systems. The Healthcare segment serves life sciences, eye care, and contract cell development and manufacturing, and the Components segment offers industrial microscopes, measuring instruments, X-ray and CT inspection systems, optical components and parts, encoders, EUV-related components, space-related solutions, and photomask substrates for FPDs. The Digital Manufacturing segment provides metal 3D printers and related services. Nikon Corporation was incorporated in 1917 and is headquartered in Shinagawa, Japan.

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Semiconductors

ASML Stock Dips on Report of Chinese DUV Machine, but EUV Monopoly Remains Intact

Shares of ASML fell after The Information reported that a Chinese government-backed company has begun manufacturing its own deep ultraviolet lithography machines. The machines in question are DUV systems, an older technology used for legacy chips and memory, where ASML competes with Nikon and Canon. ASML retains a global monopoly on extreme ultraviolet lithography, the technology required for advanced logic chips and high-bandwidth memory, with EUV machines costing over $220 million apiece compared to as little as $5 million for basic DUV tools. Only about 14% of ASML's revenue came from China last quarter, and a pending U.S. bill already aimed to block sales and service to the first three Chinese firms expected to receive the homegrown DUV machines. The company is expanding EUV capacity by 30% both this year and next and has developed next-generation High NA EUV systems priced at $400 million each, positioning it to benefit from surging AI chip and memory demand.
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Semiconductors › Lithography Systems ▼Competition
Defense & Geopolitical Fragmentation › Defense Electronics, EW & Sensors ▼Competition
ASML.AS · Competition · Negative Report of Chinese DUV machine threatens ASML's DUV market share, causing stock dip.
7731.JP · Competition · Neutral Chinese DUV machine competes with Nikon's DUV products, but ASML's EUV monopoly is unaffected.
7751.JP · Competition · Neutral Chinese DUV machine competes with Canon's DUV products, but ASML's EUV monopoly is unaffected.
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Semiconductors▲2

Nikon to allocate ¥360 billion in growth investment by fiscal 2030, with focus on semiconductor lithography equipment

Nikon President Yasuhiro Ohmura, in an interview by the 17th, indicated that of the roughly ¥360 billion in growth investment planned through fiscal 2030, the company will prioritize allocation to its semiconductor business, given the large volume of semiconductor lithography equipment.
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Semiconductors › Lithography Systems ▲Capital
7731.JP · Capital · Positive Nikon plans ¥360 billion growth investment through fiscal 2030, prioritizing semiconductor lithography equipment, signaling strong capital allocation to a high-growth area.
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7731.JP▲

Global Metrology Market to Reach USD 21.9 Billion by 2035

The global metrology market is projected to grow from USD 12.5 billion in 2025 to USD 21.9 billion by 2035, at a compound annual growth rate of 5.8%, according to a new report by Custom Market Insights. The market is expected to reach USD 13.2 billion in 2026. Growth is driven by increased adoption in aerospace, defense, and automotive industries, along with the integration of in-line metrology equipment supporting Industry 4.0 and machine-to-machine communication. North America held the largest market share in 2025, while the Asia Pacific region is forecast to grow at the highest CAGR, fueled by automotive production in China and India. Key players include Carl Zeiss AG, Faro Technologies, Mitutoyo Corporation, and Nikon Corporation.
7731.JP · Demand · Positive Nikon is a key player in the growing metrology market, benefiting from increased adoption in aerospace, defense, and automotive.
Mitutoyo Corporation · Demand · Positive Mitutoyo is a key player in the growing metrology market, benefiting from increased adoption in aerospace, defense, and automotive.
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Defense & Geopolitical Fragmentation▲impact 4

ASML Shares Drop 7.82% as Netherlands Joins U.S.-Led Pax Silica Alliance

ASML Holding shares fell 7.82% on June 23, 2026, retreating from an all-time high of $1,929.68 reached five days earlier, after the Dutch government announced it would join the U.S.-led Pax Silica alliance coordinating AI hardware and supply chain security. The move heightens expectations of deeper multilateral export restrictions, including the proposed MATCH Act, which targets older deep ultraviolet immersion equipment and would prohibit Western companies from providing software upgrades, replacement parts, and maintenance services for previously installed equipment in China. Chinese clients accounted for 36% of ASML's system sales in the final quarter of 2025 but only 19% in the first quarter of 2026, reflecting front-loaded orders ahead of tighter limits. Despite regulatory headwinds, first-quarter 2026 net sales reached 8.8 billion euros with a 53% gross margin, and management raised full-year 2026 consolidated sales guidance to a range of 36 billion to 40 billion euros, supported by robust demand from Western customers building subsidized advanced fabrication facilities. Meanwhile, Nikon announced an aggressive pricing strategy to capture mature-node market share, and Chinese domestic competitors are mass-producing immersion scanners, adding competitive pressure to ASML's legacy deep ultraviolet business.
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Defense & Geopolitical Fragmentation › Sovereign Supply — Minerals & Reshoring Industrials ▲Regulation
Semiconductors › Lithography Systems ▼Regulation
Semiconductors › Wafer-Fab Equipment & Lithography Competition
ASML.AS · Regulation · Negative Netherlands joins U.S.-led Pax Silica alliance, heightening export restrictions on ASML's equipment to China
7731.JP · Competition · Positive Nikon announced aggressive pricing strategy to capture mature-node market share, benefiting from ASML's regulatory headwinds
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