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Hitachi company logo
Corporation
ELECTRONICS
hitachi.co.jp

Investments

28

Portfolio Exits

15

Partners & Customers

10

Service Providers

3

About Hitachi

Hitachi (NYSE: HIT) (TSE: 6501) is a global electronics company that offers a wide range of systems, products, and services in market sectors, including information systems, electronic devices, power, and industrial systems, consumer products, materials, and financial services. The company was founded in 1910 and is based in Tokyo, Japan. In January 2021, Hitachi merged with Keihin, Showa, and Nissin Kogyo to create Hitachi Astemo.

Headquarters Location

6-6, Marunouchi 1-chome, Chiyoda-ku

Tokyo, 100-8280,

Japan

+81-3-3258-1111

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Expert Collections containing Hitachi

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Hitachi in 2 Expert Collections, including Supply Chain & Logistics Tech.

S

Supply Chain & Logistics Tech

4,317 items

A

Advanced Manufacturing

4,348 items

Companies in the advanced manufacturing tech space, including companies focusing on technologies across R&D, mass production, or sustainability

Research containing Hitachi

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Hitachi in 2 CB Insights research briefs, most recently on Jan 25, 2023.

Latest Hitachi News

Nvidia to be No.1 this year, says SI

Sep 22, 2023

Nvidia to be No.1 this year, says SI Nvidia will likely become the No.1 semiconductor company for revenue this year, says Semiconductor Intelligence which estimates Nvidia’s 2023 revenue at about $52.9 billion, and Intel’s at $51.6 billion. Nvidia’s 2023 revenue will be almost double its 2022 revenue on the strength of its AI processors. Intel has been the top semiconductor company for most of the last twenty-one years – except for 2017, 2018 and 2021 when Samsung was number one. Despite the fast pace of the semiconductor industry and the numerous startup companies, the top ten companies in 2023 have all been in business at least 30 years. Nvidia is the youngest at 30. Number four Broadcom Inc. is the result of Avago Technologies acquiring Broadcom  in 2015. However, the original Broadcom was founded 32 years ago. Avago was a spin-off of Hewlett-Packard which entered the semiconductor business 52 years ago. 38-year-old Qualcomm grew to number five primarily through cellphone ICs and licensing revenues. Only Qualcomm’s IC revenues are included in the rankings. Number ten STMicroelectronics was formed in 1987 through the merger of SGS Microelettronica of Italy with Thomson Semiconducuteurs of France. The semiconductor businesses of SGS and Thomson both date back to the 1970s. Two of the top ten companies were among the industry pioneers about 70 years ago. Texas Instruments (TI) was founded in 1930 and entered the semiconductor business in 1954. Infineon Technologies was originally part of Siemens AG, which was founded in 1847. Siemens began producing semiconductors in 1953. Infineon was spun out as a separate company in 1999. The two South Korean companies, Samsung Electronics and SK Hynix, have over 40 years of semiconductor sales. They became dominant in the memory business after it was largely abandoned by U.S. and Japanese companies (except Micron Technology). SK Hynix was originally Hyundai Electronics which began making semiconductors in 1983. Hyundai merged with LG Semiconductor in 1999 to form Hynix, later SK Hynix. Intel started 55 years ago and originally sold memory devices. AMD began 54 years ago producing logic ICs. Today the two companies primarily sell microprocessors, together accounting for over 95% of the market for computer microprocessors. The relative stability of the top semiconductor companies can be seen by comparing the 2023 top ten with 1984, 39 years ago and the year the principal of Semiconductor Intelligence began in semiconductor market analysis. Of the top ten semiconductor companies in 1984, most are still in business today in one form or another. TI was number one in 1984. Since then, TI has narrowed its focus to become primarily an analog company. Number two Motorola split off its discrete business as ON Semiconductor in 1999. ON is now an $8 billion company and acquired industry pioneer Fairchild Semiconductor in 2016. Motorola spun off its IC business as Freescale Semiconductor in 2004. NXP Semiconductors was split off from number seven Philips in 2006. Freescale merged with NXP in 2015. NXP is currently a $13 billion company. Number five National Semiconductor was acquired by TI in 2011. Intel and AMD were number seven and eight, respectively, in 1984. They will be number two and number six in 2023. Japanese companies were strong in the semiconductor industry in most of the 1980s and 1990s, especially in memory. They were all large, vertically integrated companies. Beginning in the late 1990s these companies began spinning off their semiconductor operations. Renesas Electronics was formed by the merger of the non-memory operations of Hitachi, Mitsubishi, and NEC. Renesas is now a $13 billion company. NEC and Hitachi split off their DRAM businesses in 1999 to form Elpida Memory. Elpida was acquired by Micron Technology in 2013. Toshiba spun off its flash memory business as Kioxia in 2016. Kioxia had over $11 billion in revenue in 2022. Toshiba continues to provide primarily discrete semiconductor devices. Fujitsu divested its IC foundry business in 2014 which was later acquired by UMC. Fujitsu formed a joint venture with AMD for flash memory, Spansion. Spansion merged with Cypress Semiconductor in 2014 and Cypress was acquired by Infineon in 2020. The relative stability of the semiconductor industry is demonstrated by the market shares of the top ten companies in 1984 and 2023. In 1984 TI had a 9.3% share. In 2023 Nvidia will have about a 10.6% share. The combined market share of the top ten companies in 1984 was 63%. In 2023 it will be about 62%. Although the top companies are relatively stable, the industry has grown from $26 billion in 1984 to $500 billion in 2023, almost a 20-fold increase. .

Hitachi Investments

28 Investments

Hitachi has made 28 investments. Their latest investment was in NeU as part of their Unattributed VC on February 2, 2022.

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Hitachi Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/14/2022

Unattributed VC

NeU

Yes

2

2/20/2020

Corporate Minority

Informetis

$7.17M

Yes

1

12/25/2018

Corporate Minority - IV

Digital Grid

Yes

3

10/29/2018

Corporate Minority - P2P

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$99M

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10

3/8/2018

Series B

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$99M

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10

Date

2/14/2022

2/20/2020

12/25/2018

10/29/2018

3/8/2018

Round

Unattributed VC

Corporate Minority

Corporate Minority - IV

Corporate Minority - P2P

Series B

Company

NeU

Informetis

Digital Grid

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Amount

$7.17M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

1

3

10

10

Hitachi Portfolio Exits

15 Portfolio Exits

Hitachi has 15 portfolio exits. Their latest portfolio exit was Temple Lifts on July 25, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/25/2023

Divestiture

$99M

3

9/7/2022

Divestiture

$99M

1

12/25/2020

Divestiture

Hitachi Compressor

$99M

1

12/23/2020

IPO

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$99M

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0

12/17/2020

Divestiture

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$99M

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10

Date

7/25/2023

9/7/2022

12/25/2020

12/23/2020

12/17/2020

Exit

Divestiture

Divestiture

Divestiture

IPO

Divestiture

Companies

Hitachi Compressor

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

3

1

1

0

10

Hitachi Acquisitions

31 Acquisitions

Hitachi acquired 31 companies. Their latest acquisition was Hitachi Energy on September 30, 2022.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

9/30/2022

$99M

Acquired

13

9/6/2022

$99M

Acquired

7

4/21/2022

$99M

Acq - P2P

6

8/4/2021

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$99M

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10

8/4/2021

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$99M

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10

Date

9/30/2022

9/6/2022

4/21/2022

8/4/2021

8/4/2021

Investment Stage

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

Note

Acquired

Acquired

Acq - P2P

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Sources

13

7

6

10

10

Hitachi Partners & Customers

10 Partners and customers

Hitachi has 10 strategic partners and customers. Hitachi recently partnered with Taiwan High Speed Rail on May 5, 2023.

Date

Type

Business Partner

Country

News Snippet

Sources

5/18/2023

Client

Taiwan

Taiwan High Speed Rail signs $US 898m fleet contract with Hitachi and Toshiba

Taiwan High Speed Rail signs $ US 898m fleet contract with Hitachi and Toshiba

1

4/18/2023

Partner

United Kingdom

Hitachi partnership with Global Centre of Rail Excellence will deliver energy security and UK innovation - Hitachi in Europe

`` This exciting new partnership between Hitachi Energy and the Global Centre of Rail Excellence is great news for Wales .

1

12/15/2022

Partner

Thailand

1

10/29/2022

Vendor

India

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10

10/21/2022

Partner

United States

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10

Date

5/18/2023

4/18/2023

12/15/2022

10/29/2022

10/21/2022

Type

Client

Partner

Partner

Vendor

Partner

Business Partner

Country

Taiwan

United Kingdom

Thailand

India

United States

News Snippet

Taiwan High Speed Rail signs $US 898m fleet contract with Hitachi and Toshiba

Taiwan High Speed Rail signs $ US 898m fleet contract with Hitachi and Toshiba

Hitachi partnership with Global Centre of Rail Excellence will deliver energy security and UK innovation - Hitachi in Europe

`` This exciting new partnership between Hitachi Energy and the Global Centre of Rail Excellence is great news for Wales .

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Sources

1

1

1

10

10

Hitachi Service Providers

4 Service Providers

Hitachi has 4 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Acquired

Investment Bank

Financial Advisor

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Service Provider

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Associated Rounds

Acquired

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Provider Type

Investment Bank

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Service Type

Financial Advisor

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Partnership data by VentureSource

Hitachi Team

17 Team Members

Hitachi has 17 team members, including current Chief Executive Officer, Senior Vice President, Toshiaki Tokunaga.

Name

Work History

Title

Status

Toshiaki Tokunaga

Chief Executive Officer, Senior Vice President

Current

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Name

Toshiaki Tokunaga

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Work History

Title

Chief Executive Officer, Senior Vice President

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Status

Current

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