profit: $89.4 billion
Headquarters Tokyo, Japan
Main technology products/ services
Telecommunications technology, Information systems
Automotive corridor, construction ministry, digital media and telecommunications – Hitachi provides technology services for a vast number of different diligence. The tradition-rich over 100 times old Japanese company moment is one of the top earning IT companies in the world and the largest one without any meaningful request share in the consumer electronics request. While this may damage the tech company’s overall brand recognition, Hitachi is veritably much known and valued in the commercial world. Their IT strategies are concentrated towards commercial settings, with advanced technology like pall results and big data analytics. With the compass of Hitachi’s business, it’s not surprising that it’s among the ten largest IT companies on the earth.
Japanese empire Hitachi is” reimagining” India as a global mecca in terms of new age technologies and results which will drive its businesses in the country as well as global requests, a top company functionary has said.
The company, which has stoked its capacities through a combined approach in India, is now looking at the country to be a mecca in numerous new parts, including technology, artificial intelligence, energy storehouse and fast charging or environmentally friendly results, according to Hitachi India Managing Director Bharat Kaushal.
Hitachi, which has a presence in infra, manufacturing and IT sectors among others, has now got a wider canvass to play in the country through its global accession similar as the powergrid business of the Swedish- Swiss company ABB and Italian transport company Ansaldo STS.
A worldwide profitable retardation at the end of the 20th century particularly affected Japanese technology companies. Following multibillion- bone
losses by Hitachi and the Mitsubishi Electric Corporation in 2002, the companies blazoned that they would consolidate their nonmemory semiconductor businesses; the new company, Renesas TechnologyCorp., would surpass Motorola,Inc., as the largest manufacturer in the microcontroller request. Also in 2002, Hitachi reached an agreement with IBM on a new common hard fragment drive( HDD) company, Hitachi Global Storage Technologies, to operate in San Jose, Calif. Hitachi originally possessed 70 percent of the company but took full control in 2005, following structured payments over the intermediating three times of about$ 2 billion for IBM’s HDD patents and associated manufacturing installations in San Jose. In 2003 Hitachi began development of a new HDD installation in Shenzhen, China, which started operating in 2006. Since also the company has shifted utmost of its HDD product to China.