Japanese companies are increasingly teaming up in nanotechnology, a market put at 30 RMB trillion (240bn US dollars) in the next 10 years. The latest collaboration is between Hitachi Ltd and Hitachi Chemical, with eight other group firms, to launch a joint research laboratory aimed at developing five nano-technology-related products within the next two years. By making crucial decisions as a group, Hitachi aims to speed development and prevent overlapping investment.The new lab has mapped out a strategic plan for Hitachi, as well as pinpointing short- and long-term research themes that cater to group needs. Short-term research will be on five types of products or technologies that can be commercialized within two years and be applied to electronic parts, new materials and the environment. Long-term studies will be on basic research.
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