Its products include cameras, camera lenses, binoculars, microscopes, ophthalmic lenses, measurement instruments, and the steppers used in the photolithography steps of semiconductor fabrication, of which it is the world's second largest manufacturer. Nikon's main competitors in camera and lens manufacturing include Canon, Sony, Fujifilm, Lumix, Pentax, and Olympus. Founded on July 25, 1917 as Nippon Kōgaku Kōgyō Kabushikigaisha , the company was renamed Nikon Corporation, after its cameras, in 1988.