Canon has announced plans to construct a $451 million factory to construct CMOS components for its cameras. Expected to start production in July next year, the factory will be built on an existing site near Tokyo and will be be dedicated entirely to churning out the complementary metal oxide semiconductors (we prefer the acronym) required to detect light in every digital camera. It should have a capacity of around 3 million chips a year, which is only a fraction of the 24 million cameras that Canon hopes to produce this year. Good for Canon, we say.

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Canon to build $451 million factory to make image sensors