News Releases

5/23/2000

Hitachi Semiconductor's Kosei Nomiya to Return to Japan as Executive Managing Director of Kokusai Electric

May 23, 2000 08:59 AM

SAN JOSE, Calif./TOKYO, Japan -- May 18, 2000--Hitachi Semiconductor (America) Inc., a subsidiary of Hitachi America, Ltd., today announced that its chairman, Kosei Nomiya is returning to Japan at the end of June in the position of executive managing director of Kokusai Electric Co., Ltd., Tokyo, Japan, one of the Hitachi, Ltd. group companies. He will have global responsibility for Kokusai Electric's semiconductor process equipment business.

Dr. Peter O. Clark is currently president and CEO of Hitachi Semiconductor (America) Inc.

Mr. Nomiya has served as chairman of Hitachi Semiconductor (America) since October 1998 and as its CEO from June 1997 to October 1998. He previously was board director of Hitachi, Ltd. and general manager of the Semiconductor and IC Division of Hitachi, Ltd. He joined Hitachi, Ltd. in 1964 and is a graduate of Tohoku University.

In commenting on the announcement, Tomoharu Shimayama, president and CEO of Hitachi America, Ltd., said, "Mr. Nomiya has served in a leadership role for Hitachi's North America semiconductor operation during challenging times and we have appreciated his efforts to strengthen the business and enhance Hitachi's position in the industry."

Kokusai Electric is an integrated manufacturer of electronics equipment that develops, manufactures, and markets a diverse line of products focused primarily on four key areas: radio communications equipment, information systems, semiconductor equipment, and electronic parts and components. The Company's expansive overseas network comprises affiliates and sales offices in Europe as well as affiliates, sales offices, and technical centers in the United States.

Hitachi Semiconductor (America) Inc. supports the requirements of the North American marketplace with a broad range of standard and low power semiconductor solutions, including DRAM modules and components, SRAMs, Flash memory chips and cards, EEPROMs, RISC and CISC microprocessors and microcontrollers, logic ICs, discrete devices, optoelectronic devices, RF/wireless ICs, and mass storage ICs. Substantial design engineering and research and development facilities in the United States help bring the world's best technology to U.S. customers. For more information, visit our Web site: http://www.hitachi.us/semiconductor.

Hitachi America, Ltd., a subsidiary of Hitachi, Ltd. (NYSE:HIT), markets and manufactures a broad range of electronics, computer systems and products, consumer electronics and semiconductors, and provides industrial equipment and services throughout North America. Fore more information, visit http://www.hitachi.us/.

Hitachi, Ltd., headquartered in Tokyo, Japan, is one of the world's leading global electronics companies, with fiscal 1999 (ended March 31, 2000) consolidated sales of 8,001 billion yen ($75.5 billion)(a). The company manufactures and markets a wide range of products, including computers, semiconductors, consumer products and power and industrial equipment. For more information on Hitachi, Ltd., please visit Hitachi's Web site at http://www.hitachi.co.jp.

*At an exchange rate of 106 yen to the dollar.

For Media/Investor Inquiries, please contact:

Gerard F. Corbett
Hitachi America, Ltd.
Vice President
Corp. Communications Group
Tel:(650) 244-7900
Fax: (650) 244-7920
gerard.corbett@hal.hitachi.com

Terry Kubo
Tel: (650) 244-7902
tatsuya.kubo@hal.hitachi.com

or

Hitachi Semiconductor (America) Inc.
Kurt Ibsen
Tel: (408) 232-3768
kurt.ibsen@hsa.hitachi.com

For all other inquiries please call:
1-800-HITACHI

If you have any questions specifically about Investor Relations in the United States, please contact our Investor Relations Department at investor.info@hal.hitachi.com