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                      | HITACHI HOME | UP | SEARCH | HITACHI

                      News Release ^
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                      April 6, 1999

                      Fujitsu and Hitachi Join Forces to Develop, Manufacture and Market Large-Screen PDPs

                      -- Joint Venture to Be Established: Fujitsu Hitachi Plasma Display Limited --

                      Fujitsu Limited (TSE:6702) and Hitachi, Ltd.(TSE:6501) today announced that they 
                      have agreed to establish this month a joint venture, Fujitsu Hitachi Plasma Display 
                      Limited, to develop, manufacture and market large-screen plasma display panels (PDPs).  
                      Anticipating a significant increase in demand for high-definition displays and digital 
                      televisions, the two companies have been working together to develop next-generation 
                      PDP technology and volume production technology since signing a joint development 
                      agreement in July 1998.  The newly announced joint venture builds on the 
                      accomplishments achieved under the earlier agreement.
                      
                      Demand for PDPs as information displays in business has been growing rapidly, due
                      to the many advantages-thin profile and light weight for space-saving installation, 
                      self-luminescence, digital driver, wide viewing angle, etc.-that enable them to display 
                      moving images and high-definition still images with great precision and detail.  In 
                      response to the digitalization and higher image quality of television broadcasts, it is 
                      anticipated that there will be a major increase in demand for wall-hanging wide-screen 
                      televisions for home use.  By the year 2003, the annual worldwide market for these 
                      products is expected to reach 3 million units.
                      
                      Moving beyond joint development to encompass development, manufacturing and 
                      marketing, Fujitsu and Hitachi will transfer their large-screen PDP operations to the 
                      new joint venture company.  The two companies will be in a position to develop next-
                      generation PDPs faster than other companies and, by moving ahead with the 
                      development of new volume production processes, differentiate themselves from 
                      competitors.
                      
                      As production base, the joint venture company will acquire the Miyazaki plant of 
                      Fujitsu Kyushu Electronics, Ltd., where Fujitsu is currently mass producing PDPs.  By 
                      consolidating the two companies' manufacturing capabilities, the new venture plans to 
                      increase the Miyazaki plant's current monthly production capacity of 10,000 units to 
                      around 70,000 units by the year 2001.  Likewise, in sales and marketing, the joint 
                      venture plans to greatly expand worldwide sales of PDP modules.
                      
                      About the New Company
                      Company name: Fujitsu Hitachi Plasma Display Limited 
                      Headquarters: Kawasaki City, Kanagawa Prefecture
                      Capital: 20 billion yen (equity ratios: Fujitsu 50%, Hitachi 50%)
                      Establishment: April 1999
                      Start of Operations: July 1999
                      President: to be decided
                      Employees: about 850 (including the manufacturing subsidiary)
                      Sales target: 150 billion yen in FY2003 (module base)
                      
                      A pioneer in the PDP field, Fujitsu has developed and patented such core technologies 
                      as its proprietary AC-type 3-electrode surface discharge method, ADS sub-field drive 
                      method, and stripe-rib panel structure, and the company helped open the way for 
                      commercialization of color PDPs.  Utilizing its exceptional technological strengths in 
                      this field, it developed the world's first 42-inch color PDP, called ImageSite, in 1995, 
                      commencing volume production at the Miyazaki plant of Fujitsu Kyushu Electronics, 
                      Ltd. in October 1996 (current production: 10,000 units per month).  The company 
                      continues to play a leading role in expanding the global market for color PDPs.
                      
                      Hitachi is a leading display manufacturer, producing and marketing a wide range of 
                      products from CRTs to liquid crystal displays and for applications from PC monitors to 
                      color televisions. The company has been researching and developing PDP technology 
                      since 1970 and has obtained patents for a false contours prevention method and other 
                      basic technologies.  Hitachi established the New Display Business Development 
                      Division in 1996, and that year was the first in the industry to introduce in Japan a 25-
                      inch XGA-compatible PDP (named HI-PLASMA). In 1997 Hitachi introduced a 41-
                      inch XGA-compatible PDP, and the company has been continually working to promote 
                      the PDP business with a special focus on developing higher- resolution color PDPs.
                      
                      * All company/product names mentioned may be trademarks or registered trademarks of their 
                        respective holders and are used for identification purpose only.
                      
                      About Fujitsu
                      Fujitsu Limited is a leading provider of information technology products and solutions 
                      for the global marketplace. Founded in Japan in 1935 as a telephone equipment maker, 
                      the Fujitsu Group had consolidated revenues of $37.7 billion in the fiscal year ended 
                      March 31, 1998.  With over 500 group companies, including Amdahl and ICL, Fujitsu 
                      is one of the world's largest suppliers of computers and information systems solutions, 
                      telecommunications and semiconductor products, software and services. The Fujitsu 
                      Group has over 180,000 employees worldwide and operations in more than 100 
                      countries. Homepage: http://www.fujitsu.co.jp/index-e.html
                      
                      About Hitachi
                      Hitachi, Ltd., headquartered in Tokyo, Japan, is one of the world's leading global 
                      electronics companies, with fiscal 1997 (ended March 31, 1998) consolidated sales of 
                      8,417 billion yen ($63.8 billion*).  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 132 yen to the dollar.
                      
                      Press Contacts
                      Isao Hirano, Scott Ikeda, Bob Pomeroy		Masahiro Takahashi 
                      Fujitsu Limited, Public Relations		Hitachi, Ltd., Public Relations
                      Tel : +81-3-3215-5236				Tel: +81-3-3258-2055 
                      Fax : +81-3-3216-9365				Fax: +81-3258-5480
                      e-mail: pr_mailbox@hq.fujitsu.co.jp		e-mail: masahiro@cm.head.hitachi.co.jp
                      URL: http://www.fujitsu.co.jp/index-e.html 	URL:http//www.hitachi.co.jp
                      
                      Customer Contacts
                      Fujitsu Limited, Promotion Department		Hitachi, Ltd., New Display Business
                      PDP Division					Development Division, Shinya Kikuchi 
                      Tel: +81-3-44-754-3464				Tel: +81-3-3506-1500
                      e-mail: query@pdp.ed.fujitsu.co.jp		e-mail: skiku@cm.kaden.hitaachi.co.jp
                      


                      WRITTEN BY Secretary's Office
                      All Rights Reserved, Copyright (C) 1999, Hitachi, Ltd.

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