News Releases


Schedule for Transfer of Hitachi’s Hard Disk Drive Business to Western Digital

Tokyo, Japan, May 31, 2011 --- Hitachi, Ltd. (NYSE:HIT / TSE:6501, “Hitachi”) announced today that Hitachi and Western Digital Corporation (NYSE: WDC, “WD”) now expect to close the transaction to transfer Hitachi’s hard disk drive business to WD in the quarter ending December 2011. This is as a result of the European Commission’s recent determination to enter a Phase II review of the transaction.

On March 7, 2011, Hitachi and WD entered into a definitive agreement to transfer all shares of Hitachi Global Storage Technologies’ holding company, Viviti Technologies Ltd. to WD, which is subject to customary closing conditions, including regulatory approvals.