TOKYO -- Canon Inc.'s semiconductor equipment unit benefited from a surge in the exposure tool market for flat-panel displays, although the group continues to operate in the red amid a shortfall in sales in the IC sector.
Canon's IC-equipment unit posted an operating loss of $24.7 million in the second quarter of 2003, compared with a loss of $33.5 million in the like period a year ago and a deficit of $33 million in the previous period.
The unit also reported sales of $510.7 million in the second quarter, up 14.9 percent from the like period a year ago. In the first quarter of 2003, Canon's chip-equipment unit posted sales of $361 million, according to the Japanese company.
For the first half of 2003, the chip-equipment unit posted a loss of $9.6 million, compared with a deficit of $70.4 million in the like period a year ago. Sales were $1.03 billion in the first half, up 22.1 percent in the like period in 2002.
The parent company reported second-quarter revenue of $6.7 billion, up 9.6 percent from the like period a year ago. Net income was $468 million, up 35.2 percent.
The company applauded its efforts in the camera, printer and related consumer businesses. But like others in the fab-tool arena, Canon's chip-equipment is operating in the red.
It was a mixed bag for the fab-tool unit. The Japanese equipment giant shipped 17 exposure tools for semiconductor applications in the second quarter, which is 3 units below its original expectations due to order delays, according to the Tokyo-based company. In the like period a year ago, the company shipped 21 systems for IC applications.
It also shipped 18 tools for flat-panel display applications, which was in line with the company's expectations. In the like period a year ago, it shipped 12 machines in the sector. Of the tool shipments, 65 percent were for i-line systems, 29 percent for 248-nm machines and 6 percent for 193-nm products.
In the second half of 2003, Canon projects that it will ship 48 exposure tools for IC applications, compared to 46 in the first half of 2002. It is expected to ship 47 tools for LCD applications, compared to 43 units in the year-ago period.
For the year, Canon expects to ship 83 tools for IC applications, compared to 82 machines in 2002. It also expects to ship 94 tools for LCD applications, or 33 units above the figure from 2002.
Of the total shipments, 36 percent are i-line machines, 54 percent for 248-nm systems and 10 percent for 193-nm machines.