TOKYO -- Faced with mounting headwinds in digital cameras, Nikon has launched a 100 billion yen ($620 million) investment spree to redirect expertise in optical products to promising sectors like space and semiconductors.
Extensive upgrades are underway at Tochigi Nikon, a group manufacturing hub north of Tokyo. The goal is to create a facility capable of producing all types of lenses, from those as small as a grain of rice to products for chipmaking equipment, according to Muneaki Tokunari, who became Nikon's president in April.
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