Hitachi to transfer Hitachi Power Semiconductor Device shares to MinebeaMitsumi for further growth and corporate value enhancement of Hitachi Power Semiconductor Device

Tokyo, November 2, 2023 – Hitachi, Ltd. (TSE:6501, “Hitachi”) has signed an agreement today to transfer all shares of its wholly owned subsidiary, Hitachi Power Semiconductor Device, to MinebeaMitsumi Inc. for further growth and corporate value enhancement of Hitachi Power Semiconductor Device.