Canon, the Japanese company known for its printers and cameras, unveiled an innovative solution on Friday, Oct. 13, which is designed to aid in the production of cutting-edge semiconductor components.

According to a report from CNBC, Canon’s recently introduced “nanoimprint lithography” system represents the company’s competitive response to Dutch firm ASML, a dominant force in the extreme ultraviolet (EUV) lithography machine sector. ASML’s machinery is essential for producing cutting-edge chips, including those used in the latest Apple (NASDAQ:) iPhones.