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Demand for chips puts profit on the menu for Hitachi

Japanese electronics giant Hitachi has seen profits jump from Y4.8bn (£30.2m) to Y62bn (£391m) for the six months ending 30 September.

By Dominic Maher

Published: 31 October 2000 14:49 GMT

The huge rise in profits was due to the rise in demand for chips used in digital cameras and mobile phones.

Hitachi beat the revised net profits of Y55bn (£349m) it set during September.

Sales were also up to Y4tr (£25.4bn) from Y3.8tr (£24.1bn) for the same period a year ago.

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