Hitachi to Boost RFID Business

Hitachi Ltd., Japan’s largest electronics conglomerate, said on Wednesday it plans to launch full-scale wireless tag operations, targeting a 16 percent share of the $3.5 billion domestic market in the next four years. Hitachi, which first developed an IC tag in 2001, has forecast 9.7 trillion yen in consolidated sales in the year to March 2007.

Hitachi aims to raise sales in its “traceability” business, including radio frequency identification (RFID) and IC tags, to 80 billion yen ($695 million) in the year to March 2011, against an estimated 5 billion yen in 2006/07, by introducing 125 different systems targeting specific industries and purposes. Continue>>