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EssilorLuxottica presently possesses roughly 9% of Nikon. As per sources, it aims to raise its ownership in the Japanese firm to 20%.
Nikon's stock has dropped nearly 12% since the start of this year, resulting in a market capitalization of approximately $3.3 billion.
EssilorLuxottica has communicated its intentions to the Japanese government due to the delicate nature of certain technologies belonging to Nikon, the sources indicated. Nikon's leadership is also informed about the European firm's strategies.
Nikon possesses technologies that are crucial, especially, for the manufacturing of semiconductor parts. The firm rivals ASML Holding in lithography equipment and supplies chip manufacturers like Intel Corp. and Taiwan Semiconductor Manufacturing Co.
Since 2000, Nikon and EssilorLuxottica have collaborated in a joint venture to produce eyewear. The former started acquiring shares of the Japanese firm in August of the previous year and stated in October that it held 5.1% of Nikon, subsequently raising its ownership further.
source: bloomberg.com
Nikon's stock has dropped nearly 12% since the start of this year, resulting in a market capitalization of approximately $3.3 billion.
EssilorLuxottica has communicated its intentions to the Japanese government due to the delicate nature of certain technologies belonging to Nikon, the sources indicated. Nikon's leadership is also informed about the European firm's strategies.
Nikon possesses technologies that are crucial, especially, for the manufacturing of semiconductor parts. The firm rivals ASML Holding in lithography equipment and supplies chip manufacturers like Intel Corp. and Taiwan Semiconductor Manufacturing Co.
Since 2000, Nikon and EssilorLuxottica have collaborated in a joint venture to produce eyewear. The former started acquiring shares of the Japanese firm in August of the previous year and stated in October that it held 5.1% of Nikon, subsequently raising its ownership further.
source: bloomberg.com