December 7, 2012 / 3:09 AM / in 5 years

Japan's Hitachi to cease production of chips by 2014

TOKYO (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.

A Hitachi logo is seen at an electronics shop in Tokyo October 27, 2012. REUTERS/Toru Hanai

“The semiconductor industry has seen an increasingly horizontal division of labor 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.

Reporting by Mari Saito; Editing by Michael Watson

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