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Canon looks to OLED material in quest for new growth

As cameras and printers face headwinds, company shifts sights to display industry

OLED panels are becoming more common in smartphones and TVs.

TOKYO -- Canon is looking to start producing materials used in next-generation, flexible light displays in a bid to cultivate new business arenas as the OLED panels become more common in smartphones and TVs, its chairman said in an interview with Nikkei.

Canon currently uses organic light-emitting diode displays in mirrorless cameras. The panels are also expected to become more widely used in video production and medical equipment, given the shift toward high-definition imagery in these fields, fueling demand for materials used in the panels.

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