Nikon Stock (OTC:NINOY), Trade Ideas

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Nikon manufactures photography and videography equipment. The company organises itself into various segments based on product type: imaging products, precision equipment, instruments, medical, and other business. The imaging products and precision equipment businesses collectively constitute the vast majority of company revenue. The imaging products business, which contributes more than half of consolidated revenue, principally produces digital cameras and interchangeable lenses. The precision equipment business produces semiconductor lithography systems for the production of semiconductors, and FPD lithography systems for the production of LCD and OLED panels.

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Nikon Corp. has announced plans to acquire RED.com, LLC, a renowned U.S. cinema camera manufacturer, as it seeks to expand its presence.

Nikon Set To Acquire Cinema US-Based Camera Giant RED, Eyeing Dominance In Film Tech

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Xi Jinping&#39;s China Said To Face More Chip Curbs From These 2 US Allies

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	ASML Holding N.V. (NASDAQ: ASML) updated its view on demand outlook, capacity plans, and business model at the Investor Day meeting.
	ASML expects 2025 annual revenue between approximately €30 billion - €40 billion with a gross margin between 54% - 56%.


ASML Boosts Outlook Amid Economic Downturn, Launched €12B Buyback, Explored Acquisitions

Nikon Corp

In a strategic move to bolster its presence in the professional digital cinema camera market, Nikon Corporation (OTCPK: NINOY) has announced plans to acquire&nbsp;RED.com, LLC, a renowned U.S. cinema camera manufacturer.
What Happened: Nikon&nbsp;<a href="https://www.nikon.com/company/news/2024/0307_01.html">disclosed</a> that it has reached an agreement to purchase all outstanding membership interests of RED.com, thereby making it a wholly-owned subsidiary of Nikon.
The agreement was negotiated with RED&#8217;s founder, Mr. James Jannard, and its current President, Mr. Jarred Land, and is subject to certain closing conditions, the company said.
Founded in 2005, RED has launched innovative products like the original RED ONE 4K and the advanced V-RAPTOR [X]. Its contributions earned it an Academy Award and a favorite among numerous Hollywood productions.
See Also: <a href="https://www.benzinga.com/news/24/03/37454372/neither-sundar-pichai-nor-sergey-brin-this-ex-employee-warned-google-5-years-ago-that-ai-was-coming?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Neither Sundar Pichai Nor Sergey Brin—This Ex-Employee Warned Google 5 Years Ago That AI Was Coming For Their Search Engine</a>
Nikon aims to synergize its expertise in product development, image processing, optical technology, and user interface with RED's proficiency in cinema cameras, unique image compression technology, and color science to create unique&nbsp;products in the professional digital cinema camera market.
With this acquisition, Nikon intends to broaden its horizons in the fast-growing professional digital cinema camera market, hinting at an exciting future of product development that will continue to redefine the limits of film and video production.
Why It Matters: This acquisition comes on the heels of a legal dispute between Nikon and RED.com.&nbsp;RED.com had previously sued Nikon over the implementation of compressed raw recording capabilities in Nikon&#8217;s Z9 flagship camera. Nikon refuted all of RED's claims and retaliated.
The lawsuit was set for a jury trial in January 2024. However, the California Central District Court dismissed the case, allowing Nikon&#8217;s Z9 to retain its compressed raw codecs. This past legal tussle adds a layer of complexity to the acquisition, highlighting the competitive dynamics between the two companies.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next: <a href="https://www.benzinga.com/news/24/03/37474966/elon-musk-mark-cuban-war-of-words-escalates-after-shark-tank-host-backs-biden-24-karat-d-e?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk-Mark Cuban War Of Words Escalates After Shark Tank Host Backs Biden: &#8217;24 Karat D&#x2A;&#x2A;&#x2A;&#x2A;e&#8217;</a>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo by Lilly Rum on Unsplash

Japan and the Netherlands will reportedly join the U.S. in implementing<a href="https://www.benzinga.com/government/22/12/30062180/china-reaches-out-to-wto-to-avenge-us-chip-embargo"> export controls on semiconductor manufacturing equipment</a> to Xi Jinping-led China.
What Happened: The trilateral talks for <a href="https://www.benzinga.com/news/22/12/30058126/how-xi-jinping-is-preparing-to-win-chip-battle-with-us-143b-package-wto-dispute-allying-with-south-k">implementing export controls and on what can be supplied to Chinese companies</a> are set to conclude as early as Friday, Bloomberg <a href="https://www.bloomberg.com/news/articles/2023-01-27/japan-netherlands-to-join-us-in-chip-export-controls-on-china">reported</a>, citing people familiar with the matter.
See Also: <a href="https://www.benzinga.com/government/22/12/30053519/china-weighs-over-143b-in-semiconductor-push-to-beat-us-embargo">China Weighs Over $143B In Semiconductor Push To Beat US Embargo</a>
The report noted that Japan would add restrictions for Nikon Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NINOY#OTC">NINOY</a>) to prevent the sale of machines that are crucial to making advanced chips. Similarly, the Netherlands would set similar limits on ASML Holding NV (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ASMLF#OTC">ASMLF</a>).
The U.S., Dutch and Japanese officials are planning<a href="https://www.benzinga.com/news/22/12/30071080/us-reportedly-adding-30-chinese-chip-companies-to-trade-blacklist-as-dispute-with-xi-jinpings-govern"> no public announcement of restrictions</a> and it would just silently be implemented, it added.
The decision would expand on <a href="https://www.benzinga.com/news/22/12/30105094/us-needs-10-year-chip-export-curbs-to-grow-lead-over-china-expert-says-short-run-strategy-may-not-wo">restrictions the President Joe Biden-led administration unveiled in October</a> that were aimed at curtailing Beijing's ability to manufacture its own advanced chips or buy them from abroad to aid its military and artificial intelligence capabilities.
Check out more of Benzinga&#8217;s Europe and Asia coverage by&nbsp;<a href="https://www.benzinga.com/topic/eurasia">following</a>&nbsp;<a href="https://www.benzinga.com/topic/eurasia">this link</a>.

Xi Jinping's China Said To Face More Chip Curbs From These 2 US Allies

<ul>
<li>ASML Holding N.V.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/asml#NASDAQ">ASML</a>) updated its view on demand outlook, capacity plans, and business model at the Investor Day meeting.</li>
<li>ASML expects 2025 annual revenue between approximately &euro;30 billion - &euro;40 billion with a gross margin between 54% - 56%.</li>
<li>ASML sees 2030 annual revenue between approximately &euro;44 billion - &euro;60 billion, with a&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/22/11/g29663395/asml-provides-updated-view-on-demand-outlook-capacity-plans-and-business-model-at-investor-day-mee" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">gross margin between about 56% - 60%</a>.</li>
<li>Also Read:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/22/10/29318399/asml-clocks-10-net-sales-growth-aided-by-strong-net-bookings" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">ASML Clocks 10% Net Sales Growth Aided By Strong Net Bookings</a></li>
<li>ASML plans to buy back shares up to &euro;12.0 billion, including up to 2 million shares for employee share plans.&nbsp;</li>
<li>ASML plans to increase ITS annual capacity to 90 EUV and 600 DUV systems (2025-2026) while also ramping High-NA EUV capacity to 20 systems (2027-2028).</li>
<li>ASML may conduct acquisitions to meet soaring demand for advanced chips worldwide, Bloomberg&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2022-11-15/asml-considers-m-a-to-meet-strong-demand-for-advanced-chipmaking?srnd=technology-vp&amp;sref=TBDibEcD" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">reported</a>&nbsp;citing its CEO.</li>
<li>That scale of growth necessitates a more extensive supplier base, CEO Peter Wennink.</li>
<li>ASML invested 240 billion won ($181 million) in building maintenance and training centers in South Korea by 2024.</li>
<li>Some of its biggest customers, South Korea&rsquo;s&nbsp;Samsung Electronics Co, Ltd&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/ssnlf#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">SSNLF</a>) and SK Hynix Inc, and&nbsp;Taiwan Semiconductor Manufacturing Company Ltd&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/tsm#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">TSM</a>), are in East Asia.</li>
<li>Biden administration&rsquo;s most recent chip curbs could mean an indirect&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/government/22/10/29375322/chinese-top-chipmaker-retaliates-by-firing-us-employees-in-core-tech-former-ceos-position-remain-und" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">hit to sales of as much as 5%</a>, Wennink said.&nbsp;</li>
<li>&ldquo;Despite the fact that we are looking at a recessionary environment in 2023, the demand for our products is still higher than what we can make,&rdquo; he said. There has been no reduction to the backlog in its shipments to the end of next year, he said.</li>
<li>Price Action:&nbsp;ASML shares traded higher by 5.24% at $608.10 on the last check Tuesday.</li>
</ul>

The U.S. is influencing the Netherlands to prohibit&nbsp;ASML Holding NV&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/asml#NASDAQ">ASML</a>) from selling to China, mainstream technology essential in making a large chunk of the world&#39;s chips,&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2022-07-05/us-pushing-for-asml-to-stop-selling-key-chipmaking-gear-to-china?sref=TBDibEcD" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Bloomberg reports</a>.
The proposed restriction could thwart the country&#39;s aspirations to lead global chip production by intensifying an existing suspension, a severe blow to Chinese chipmakers like&nbsp;Semiconductor Manufacturing International Corp&nbsp;and&nbsp;Hua Hong Semiconductor Ltd.
ASML still sells &quot;deep ultraviolet,&quot; or DUV, machines to Chinese customers,&nbsp;<a class="editor-rtfLink" href="https://telecom.economictimes.indiatimes.com/news/asml-shares-fall-on-report-us-wants-to-restrict-sales-to-china/92688421" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">ET Telecom reports</a>.
Also Read:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/07/27931071/heres-why-micron-asml-tsmc-amd-nvidia-qualcomm-and-other-chipmakers-are-trading-lower-premarket" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Here&#39;s Why Micron, TSMC, AMD, Nvidia, Qualcomm And Other Chipmakers Are Trading Lower Premarket</a>
DUV lithography helps manufacture most of the global chips. Therefore, restricting their sales to China would highly damage China&#39;s chip industry and likely intensify the global semiconductor crisis.
ASML can already not ship its most advanced tools to China. However, the curb could restrict the sale of slightly older machines.
Interestingly, the move powered China&#39;s semiconductor stocks as it could drive demand for homegrown technology,&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2022-07-06/chinese-chipmakers-surge-after-us-pushes-for-more-industry-curbs?srnd=technology-vp#xj4y7vzkg&amp;sref=TBDibEcD" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Bloomberg reports</a>.
Additionally, better-than-expected earnings have spurred a rally in chip stocks in China, with investors seeing U.S. restrictions accelerating sales for domestic companies.
China slammed U.S. efforts to stop ASML and&nbsp;Nikon Corp&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/ninoy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">NINOY</a>) from selling key chipmaking technology to the country as &quot;technological terrorism,&quot;&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2022-07-06/china-calls-us-pressure-on-chipmakers-technological-terrorism?utm_source=google&amp;utm_medium=bd&amp;cmpId=google&amp;sref=TBDibEcD" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Bloomberg reports</a>.
China is ASML&#39;s third-largest market, after Taiwan and South Korea, representing 16% of 2021 sales, or 2.1 billion euros.
Since 2019, the Dutch government, in accord with the U.S., has not granted a license for ASML to sell its most advanced machines, which use &quot;extreme ultraviolet,&quot; or EUV, light waves, to Chinese chipmakers.
In 2021, the U.S. National Security Commission on Artificial Intelligence recommended pushing allies to deny China access to top DUV, EUV, and related tools.
Price Action:&nbsp;ASML shares traded lower by 1.13% at $427.50 in the premarket on the last check Wednesday.
Photo via Pixabay

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US Canvasses Netherlands To Severe Chipmaking Ties Between ASML And China: Pros And Cons

Adobe Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adbe#NASDAQ">ADBE</a>) &mdash; the market leader providing software tools for creatives &mdash; partnered with non-fungible token (NFT) market Rarible to protect the digital artists behind the tokens.
What Happened:&nbsp;According to a Tuesday&nbsp;<a href="https://rarible.medium.com/rarible-partners-with-adobe-to-support-content-attribution-for-nfts-58ab16df9029" target="_blank">announcement</a>, a new Adobe feature allows token creators to add their wallet address and social media information to the NFT metadata in an effort &ldquo;to fight misinformation with attribution and verifiable truth of content.&rdquo; In other words, the solution allows NFT creators to prove&nbsp;they are the real creators of their artworks by linking them to their data.
The NFT marketplace also allows for its&nbsp;creators to remain pseudonymous and only display their on-chain address or social media profile depending on what they feel comfortable with.
Rarible is a member of Adobe&rsquo;s Content Authenticity Initiative,&nbsp;as well as BBC, Getty Images,&nbsp;Microsoft Corporation&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) and&nbsp;Nikon ADR&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/ninoy#OTC">NINOY</a>). This allows&nbsp;these organizations&nbsp;to have an impact on the firm&#39;s tool development.
Rarible is the eighth most popular NFT marketplace with a daily trading volume of $393.910, according to decentralized application data platform&nbsp;<a href="https://dappradar.com/nft/marketplaces" target="_blank">Dapp Radar</a>. The current trading volume is a far cry from April&#39;s peak of $2.5 million.
ADBE Price Action:&nbsp;Adobe&#39;s stock is trading down at 0.69% at&nbsp;$642.50.
Photo: Christin Hume via <a href="https://unsplash.com/">Unsplash</a>

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<ul>
<li>Velodyne Lidar Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vldr#NASDAQ">VLDR</a>), a sensor technology provider for autonomous vehicles shares traded higher by 15.20% at $7.11 on the last check Monday.</li>
<li>Velodyne&#39;s majority stockholder David Hall described&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/21/07/22037994/velodyne-lidar-discloses-ceo-exit-affirms-fy21-outlook" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">the previously announced</a>&nbsp;Anand Gopalan&#39;s resignation as the CEO and director as the &quot;first step in the right direction, the root of poor business management and the anti-stockholder culture at Velodyne Lidar remains.&quot;</li>
<li>Hall also sought the resignation of Chairman Michael Dee and director Hamid Zarringhalam for alleged breach of stockholders&#39; confidence and destruction of company value.</li>
<li>Hall held Dee accountable for the company&#39;s nearly 80% stock price decline through his major business decisions. He also questioned the board&#39;s decision to promote Dee as the Chair despite his performance and skillset.</li>
<li>Hall also disclosed Dee&#39;s involvement as a CFO in PureCycle Technologies, Inc&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/topic/spacs" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">SPAC</a>&nbsp;merger&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/20/11/18385089/plastics-recycler-purecycle-technologies-going-public-via-spac" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">lawsuit for allegedly duping</a>&nbsp;investors.</li>
<li>Hall also questioned Dee&#39;s decision to transfer Velodyne&#39;s Alpha Prime lidar manufacturing know-how and associated trade secrets to&nbsp;Nikon Corp&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/ninof#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">NINOF</a>) (OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/ninoy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">NINOY</a>), an upcoming competitor. It only seemed to benefit Nikon executive Zarringhalam, brewing a conflict of interest. Zarringhalam has also exhibited non-professionalism regarding the stock&#39;s significant decline. NINOF shares traded higher by 2.48% at $9.74 on the last check Monday.</li>
<li>Hall blamed Velodyne also for repeatedly declining critical reports and information on the grounds of &quot;privilege.&quot;</li>
<li>Velodyne&#39;s&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/21/08/b22360412/velodyne-lidar-reports-second-quarter-2021-financial-results" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Q2 revenue of $13.6</a>&nbsp;million missed the consensus of $17.2 million. Adj EPS loss of $(0.18) missed the consensus loss of $(0.14).</li>
</ul>