Tag: holdings
MicroStrategy Bought Half a Billion Bitcoin
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Hitachi to Strengthen Business Structure for Further Growth through Digital, Environment, and Innovation
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1. Accelerating Growth through Digital, Environmental, and Innovation
(1) Achieving Growth by Accelerating Digitalization
Hitachi will establish a structure, led by Hitachi Digital LLC(*1) based in North America, to create and implement global digital strategies that cut across the entire Hitachi Group, and to accelerate growth through digitalization. EVP Toshiaki Tokunaga, who will take charge of Digital Systems & Services sector, will serve as Chairman, and Jun Taniguchi (currently President of Hitachi Global Life Solutions, Inc.), who has been involved in promoting DX in the control platform business and the digitalization of the home appliance business, will be appointed CEO.
In addition, two leaders will join the management of Digital Systems & Services sector to strengthen structures to drive the global growth of the digital businesses. Shashank Samant, CEO of GlobalLogic, while leading co-creation and digital business by leveraging GlobalLogic's digital engineering capabilities, will also serve as an Executive Advisor to EVP Tokunaga to support the development of the Hitachi Group's overall digital business growth strategy. And Gajen Kandiah, CEO at Hitachi Vantara LLC, will undertake a concurrent position as Chief Digital Transformation Officer in charge of Digital Systems & Services business. He will apply insights of the cloud and data applications, which are the core strengths of Hitachi Vantara, to expand the Hitachi Group's service business, and to transform the Group as a whole into a world-class digital solution provider.
Through these initiatives, Hitachi will expand Lumada business and accelerate the growth through DX globally.
(2) Achieving Growth by Accelerating Environmental Strategies
In order for the Hitachi Group to grow and contribute to sustainability as part of efforts to achieve a decarbonized society and a circular economy, VP Lorena Dellagiovanna will be appointed to the newly created position of Chief Sustainability Officer, and will hold concurrent positions as Head of Environment(*2) and Chief Diversity & Inclusion Officer (CDIO). By leveraging her broad-ranging network of contacts in the European political and industrial arenas, Hitachi will create and implement global environmental strategies to accelerate activities aimed at achieving long-term environmental targets while maintaining comprehensive attention to sustainability. At the same time, it will seek out business opportunities and lead in the creation of value for the Group as a whole with a focus on the environment, while achieving sustainable growth through GX(Green Transformation).
(3) Achieving Growth by Investing in Innovation
Hitachi will create and implement investment strategies aimed at creating innovations by back-casting from 2050. A new Innovation Growth Strategy Division will be established(*3) to accelerate growth throughout the Hitachi Group as a whole, with President Keiji Kojima holding a concurrent position as General Manager. This Division will strengthen ties with R&D groups, startup companies, and other entities, undertaking strategic investments to bring about innovations through new technologies and business models, and will lead the next stage of growth for Hitachi.
2. Accelerating Growth by Simplifying Management
To accelerate management and succeed in global competition, Hitachi will simplify the management structure based on three sectors: Digital Systems & Services; Green Energy & Mobility; and Connective Industries. Even as it maintains the current BU structure, it will strengthen ties among divisions with similar business attributes, and strive to secure a top global position by accelerating growth through digital, environment, and innovation.
3. Strengthening the Management Base
(1) Strengthening Risk Management Structures
To ensure that Hitachi can respond quickly and comprehensively to the various risks that the Group will face as it strives for growth on a global scale, current SVP CFO Yoshihiko Kawamura will be appointed EVP, and will also hold a concurrent position as Chief Risk Management Officer (CRMO). By establishing a function under the CRMO to collaborate across related divisions in regions throughout the world and to evaluate business risks and opportunities, and by strengthening structures to enable integrated decision-making, Hitachi will respond proactively not only to natural disasters and geopolitical risks, but also to risks involving compliance, security, and elements of the supply chain such as quality and procurement. In this way, the company will strive to put in place a robust management foundation.
(2) Further Promoting Diversity and Inclusion (D&I)
Hitachi sees D&I as sources of innovation and engines that drive global growth. It assigns diverse individuals to positions where they are able to make use of their unique knowledge and experiences, and to fully demonstrate their capabilities. Hitachi will actively fill key positions with diverse talent, including women, non- Japanese, and individuals with backgrounds outside of the Hitachi Group, such as Lorena Dellagiovanna, Gajen Kandiah, and Yoshihiko Kawamura, to achieve further growth on a global scale.
(*1) To strengthen the functions of the current Hitachi Global Digital Holdings LLC, the company's name will be changed to Hitachi Digital LLC (tentative name at present).
(*2) The current title of Chief Environmental Officer will be changed to Head of Environment.
(*3) The current Future Investment Division and Corporate Venturing Office will be combined to form Innovation Growth Strategy Division.
About Hitachi, Ltd.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, contributes to a sustainable society with a higher quality of life by driving innovation through data and technology as the Social Innovation Business. Hitachi is focused on strengthening its contribution to the Environment, the Resilience of business and social infrastructure as well as comprehensive programs to enhance Security & Safety. Hitachi resolves the issues faced by customers and society across six domains: IT, Energy, Mobility, Industry, Smart Life and Automotive Systems through its proprietary Lumada solutions. The company's consolidated revenues for fiscal year 2020 (ended March 31, 2021) totaled 8,729.1 billion yen ($78.6 billion), with 871 consolidated subsidiaries and approximately 350,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com.
Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comHitachi, Ltd. (TSE: 6501) today announced that as of April 1 2022 it will strengthen business structure in order to further evolve the Social Innovation Business and achieve growth with a focus on digital, environment and innovation in its next Mid-term Management Plan.
Huawei the Top Recipient of Australian Patents in 2021, as Total Annual Grants Remain Steady
Each January, there is great interest in the leading recipients of US patents issued during the previous year and, in particular, whether IBM will once again retain the leading position it has held for over two decades. The answer to that question for 2021 is ‘yes’, although the size of IBM’s lead depends upon which data provider you choose to believe. IFI CLAIMS Patent Services – which has provided an annual summary for many years – has IBM receiving 8,682 US patents in 2021, comfortably ahead of Samsung Electronics on 6,366, followed by Canon with 3,021. In comparison, Harrity Patent Analytics – which began publishing its own independent reports in recent years – has IBM on 8,540, with Samsung nipping at its heels on 8,517, and both comfortably clear of LG in third spot with 4,368. (Harrity has Canon in fourth, with 3,400 US patents issued in 2021, while IFI CLAIMS has LG at eighth, on 2,487 US patents.)
So, who to believe? My guess is that they are both right-ish – subject to the challenges of correctly identifying and matching applicant and assignee information in the raw USPTO data – but that IFI CLAIMS and Harrity are probably accounting differently for patents granted to related companies, such as subsidiaries and corporate group members. It is notable that the two largest discrepancies among the top patent recipients are between Samsung and LG, both of which are South Korean chaebol – family conglomerates – which can be notoriously labyrinthine in their structures, and diverse in their product offerings.
I have conducted a corresponding analysis for Australian patent grants in 2021, and while Samsung and LG also both feature among the top recipients, the number one spot goes to China’s Huawei Technologies, which received 193 Australian patents last year. As far as counting is concerned, I keep things simple – named applicants are treated as the same entity if they have the same name, the same corporate identity, and the same country of residence, otherwise they are different. The Korean entity LG Electronics Inc placed second, receiving 186 Australian patents, while Samsung Electronics Ltd placed 10th, with 68 patents.
After Huawei and LG, the top five places were filled out by Qualcomm, Apple, and Adobe – all US entities – with 170, 157, and 103 patents, respectively.
The leading Australian resident patent recipients were the Commonwealth Scientific and Industrial Research Organisation (CSIRO), with 48 patents (coincidentally, the same as the number of new standard patent applications it filed in 2021) and Aristocrat Technologies, with 47 patents, placing them 23rd and 24th respectively.
In 2021, IP Australia granted 17,155 standard patents. While the total number of standard patent applications filed has generally increased over the years – from 25,563 in 2011 to 30,343 in 2021 – the number of patents granted has not followed the same trend. In fact, between 2018 and 2021 there were slightly fewer patents granted each year, on average, than between 2011 and 2013.
US resident entities are by far the largest users of the Australian patent system, receiving 7,629 standard patents in 2021. Second and third places were taken by China and Japan. Chinese applicants had the largest growth in patent grants, of nearly 24%, surpassing Japanese applicants, whose total grants fell by 5% in 2021. Australian residents – despite having consistently been the second largest filers of patent applications – are only the fourth most common recipients of granted patents, reflecting the fact that they are more likely than non-resident applicants to abandon applications before grant.
Read on for all the facts and figures.
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