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Japan’s Hitachi to cease production of chips by 2014

Published on Dec 7, 2012 12:01 PM
 
A logo of Hitachi Ltd is seen at a news conference in Tokyo October 30, 2012. Hitachi Ltd said on Friday it would cease production of chips used in information and telecoms hardware at the end of March 2014. -- PHOTO: REUTERS

(REUTERS) – Japan’s Hitachi Ltd said on Friday it would cease production of chips used in information and telecoms hardware at the end of March 2014.

“The semiconductor industry has seen an increasingly horizontal division of labour in terms of development, design and manufacturing in recent years,” said Hitachi in a statement.

Hitachi, an industrial manufacturer that makes goods ranging from nuclear reactors to washing machines, said efforts to boost cost efficiency and competitiveness drove the decision.

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