Hitachi Chemical Co. Ltd. expected to Report Q3 2010 Results on January 25, 2010. This event was calculated by Capital IQ (Created on October 29, 2009).

Brembo SpA and Hitachi Chemical Co. Ltd. have reached a technical agreement to produce an innovative range of friction material for high-end passenger cars. Hitachi Chemical grants an exclusive license for production and sale of friction material for some of the typical Brembo car applications, the statement reads. The two companies have been jointly developing non-asbestos organic (NAO) disc brake pads with superior wear resistance as an alternative to the low steel material predominantly used in Europe.

NEC Electronics Corp., Renesas Technology Corp., NEC, Hitachi Chemical Co. Ltd., and Mitsubishi Electric Corporation announced that they have signed a definitive agreement to integrate business operations at NEC Electronics and Renesas. The Business Integration will become effective following the adoption of the resolutions at the Extraordinary General Meeting of Shareholders of NEC Electronics and Renesas and approval by authorities concerned. As a condition to the Business Integration, Renesas will issue shares of Renesas common stock to Hitachi and Mitsubishi Electric, the sole shareholders of Renesas, in exchange for a total of ¥78 billion before the effective date of the Business Integration (the 'Pre-merger Capital Injection'). In addition, on the effective date of the Business Integration (scheduled to be April 1, 2010), the integrated company after the Business Integration (the 'Integrated Company') will issue shares of its common stock to NEC, Hitachi, and Mitsubishi Electric in exchange for a total of approximately CNY 122 billion (the 'Post-merger Capital Injection'). As semiconductor companies, NEC Electronics and Renesas provide a wide variety of semiconductor solutions, primarily specializing in microcontroller units (MCUs). In light of competition and structural changes triggered by the rapid expansion of emerging markets in the semiconductor market, NEC Electronics and Renesas have been exploring the possibility of the Business Integration after signing a basic agreement on April 27, in order to further strengthen their business foundations and technological assets, while increasing corporate value through enhanced customer satisfaction. The Integrated Company will provide products in its three major product groups (MCUs, SoCs, and discrete products) by concentrating its development resources to further strengthen the companies' respective advantages. The Integrated Company aims to expand its business by offering complete solutions that extend the three major groups to best fit the requirement of customers of all kinds of industries.