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Regarding the Recovery in Shipment Volumes

Tokyo, Japan- Hitachi Automotive Systems, Ltd. announced that it will expect to meet shipment volume for requests of its customers. Hitachi Automotive systems, a wholly owned subsidiary of Hitachi, Ltd. (NYSE:HIT / TSE:6501), had recently faced delays in the shipment of engine control units (ECU), a key device in automotive engine systems. However, in strong collaboration with STMicroelectronics (NYSE: STM), a supplier of a custom IC that is a core component in ECUs, Hitachi Automotive Systems now expects to meet procurement volume requirements, starting from August of this year. As a result, it will be able to ship the required volumes of ECUs with no further delays. In the past few months, Hitachi and ST have jointly faced the challenge to keep up with unprecedented booming demand in the automotive market via close communication and cooperation, though recent stories in some medias regarding ST’s role in meeting its commitments, may have been misleading.

Like much of the industry, our supply chain has been challenged by the rapid recovery in our end markets. In this situation, ST has been a fair and honest partner.Based on the long-standing and close cooperation with STMicroelectronics in the procurement of custom ICs, Hitachi Automotive Systems will continue to devote itself to ensuring a stable supply of ECUs and other automotive devices.

Source: http://www.hitachi.com/New/cnews/100728.html

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