# Who does Hitachi pay? Who are its key suppliers?
Canonical: https://valuechain.wiki/hitachi · Facet: suppliers · Updated: 2026-10-30T20:22:22.356068+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Hitachi discloses no named confirmed suppliers/cost counterparties; 2 relationships are tracked as undisclosed/aggregate. Per the valuechain.wiki graph: 2 cost edges, backed by 2 dated sources, 1 of them primary filings (as of 2026-10-30).

### 미시시피주 Gallman 변압기 신규 공장 (high)
- metric: Investment $528M · announced 2026-09-15 · announced investment in Gallman, Mississippi transformer factory
- note: Wholly owned Hitachi Energy announced a $528 million new factory, with construction planned for late 2026 and production in 2029. The figure is a commitment, not spent capex.
- [confirms] Newspim (KO, news, published 2026-09-16) https://www.newspim.com/news/view/20260916000426: "Newspim reported a $528 million investment in the Mississippi transformer factory."
- [confirms] Hitachi (EN, ir, published 2026-09-15) https://www.hitachi.com/en-us/press/Hitachi-deepens-commitment-to-us-manufacturing-with-528-million-mississippi-transformer-factory/: "Hitachi Energy announced a planned $528 million transformer facility in Gallman, with production scheduled for 2029."

### 히타치건설기계 (high)  → /hitachi-construction-machinery.md
- metric: Market share 0% · 2026-08-19 · Hitachi Construction Machinery voting rights after full disposal
- note: Hitachi disposed of its entire remaining stake in Hitachi Construction Machinery on August 19, 2026. The companies plan to continue cooperation in digital technology, autonomy, electrification and parts supply. This edge records the end of the historical equity relationship.
- [confirms] Hitachi Construction Machinery (EN, filing, published 2026-08-19) https://www.hitachicm.com/content/dam/hitachicm/global/en/pdf-news/press-releases/2026/20260819-HCM-Notice-E3.pdf: "The filing reports Hitachi voting rights falling from 10.1% to 0.0%."
- [confirms] Newspim (KO, news, published 2026-08-19) https://www.newspim.com/news/view/20260819000912: "Newspim reports Hitachi sold its entire remaining stake in Hitachi Construction Machinery."
- [confirms] Hitachi Construction Machinery (EN, filing, published 2026-03-31) https://www.hitachicm.com/global/en/ir/stock-and-bond/information/: "Hitachi held 39.062 million HCM shares, or 18.36%, at March 31, 2026."
- [confirms] Hitachi, Ltd. (EN, filing, published 2026-01-29) https://www.hitachi.com/New/cnews/month/2026/01/260129/2025_3Q.pdf: "The sale of 15 million shares reduced ownership from 25.4% to 18.4%, and HCM ceased to be an equity-method associate."
- [confirms] Hitachi Construction Machinery (EN, filing, published 2025-09-30) https://www.hitachicm.com/content/dam/hitachicm/global/en/sustainability/download/docs/ir2025/all-version-pdf/ir2025_all_en.pdf: "Hitachi, Ltd. disclosed a 25.42% holding."
- [confirms] The Japan Times (EN, news, published 2022-01-14) https://www.japantimes.co.jp/news/2022/01/14/business/hitachi-construction-sale/: "Hitachi sells half its construction-machinery stake to ~26%, making it an equity-method affiliate."

### JCH (히타치 40% 출자 공조 합작, 2025 보쉬 매각으로 청산) (high)
- note: The Johnson Controls-Hitachi Air Conditioning JV (JCH) in which Hitachi held 40% — sold to Bosch alongside JCI's stake in July 2025, exiting Hitachi from the AC joint venture too.
- [confirms] HPAC Magazine (EN, news, published 2025-08-01) https://www.hpacmag.com/heating-plumbing-air-conditioning-general/bosch-completes-acquisition-of-johnson-controls-hvac-business/1004145415/: "The Johnson Controls-Hitachi Air Conditioning JV (Hitachi 40%) was sold to Bosch."

### 히타치 하이테크 (high)  → /hitachi-hightech.md
- note: The wholly-owned subsidiary that links the graph to the semiconductor cycle — Hitachi took Hitachi High-Tech fully private via a 2020 tender offer (¥8,000/share, ~¥531.1bn) and delisted it, folding its measurement/analysis business into Connective Industries. The stake is not a mere investment but a structural link that broadens Hitachi's growth exposure from power grids into the semiconductor fab-capex cycle.
- [mentions] Hitachi (EN, filing, published 2026-04-27) https://www.hitachi.com/content/dam/hitachi/global/en/press/files/2026/04/260427/2025_An.pdf: "Hitachi High-Tech (Measurement & Analysis Systems) is reported within the Connective Industries segment."
- [confirms] Hitachi, Ltd. (EN, news, published 2020-02-14) https://www.hitachi.com/en/press/articles/2020/02/0214/: "Hitachi takes Hitachi High-Tech wholly owned via tender offer; delisted from TSE."

### 변압기 원자재·부품 공급망 (전기강판·구리·부싱·OLTC) (mid)
- note: Key inputs for Hitachi Energy transformer/HVDC ramp — grain-oriented electrical steel, copper, insulation, bushings and tap changers. Component capacity investments (e.g. Alamo, Tennessee) expand procurement to serve a surging order backlog ($57.9bn).
- [mentions] Hitachi (EN, filing, published 2026-04-27) https://www.hitachi.com/content/dam/hitachi/global/en/press/files/2026/04/260427/2025_An.pdf: "Energy sector growth driven by strong demand for transmission equipment and execution of order backlog (FY2025)."
- [confirms] Hitachi Energy (EN, ir, published 2025-08-01) https://www.hitachienergy.com/news-and-events/press-releases/2025/08/hitachi-energy-invests-106-million-usd-to-expand-transformer-component-manufacturing-capacity-at-facility-in-alamo-tennessee: "$106M investment to expand transformer component (HVDC bushing) manufacturing capacity."

### 반도체·전자부품·강재 공급망 (mid)
- note: Semiconductors, electronic parts, steel and drivetrain components for IT systems, industrial equipment, measurement tools and rolling stock. Broad, diversified supplier base across the conglomerate portfolio.
- [mentions] Hitachi (EN, filing, published 2026-04-27) https://www.hitachi.com/content/dam/hitachi/global/en/press/files/2026/04/260427/2025_An.pdf: "Four sectors (DSS, Energy, Mobility, Connective Industries) manufacture across IT, power, rail and industrial products."

Reverse side: https://valuechain.wiki/hitachi/customers.md · Ripple: https://valuechain.wiki/hitachi/ripple.md

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Full node: https://valuechain.wiki/hitachi.md · JSON: https://valuechain.wiki/hitachi.json