Hitachi Ltd. is considering selling core subsidiary Hitachi Chemical Co., it was learned Thursday. According to sources with knowledge of the matter, Hitachi is in contact with several businesses and investment funds to select a buyer of the unit. The company is set to accelerate the ...
Top executives at Hitachi Chemical handed pay cuts in wake of quality inspection scandal
Hitachi Chemical Co. said Thursday that its top leaders will be given up to a 50 percent pay cut for three months from December to take the blame for a series of product quality inspection frauds. The most severe punishment will be handed down to ...
Hitachi unit admits to improper inspections of chip materials
A chemical product unit of Hitachi Ltd. said Monday it had conducted improper quality inspections on its semiconductor materials, the latest such revelation among major Japanese manufacturers. Hitachi Chemical Co. did not elaborate on the misconduct, saying it is awaiting a report by an investigation ...
