October 29, 2018 / 12:53 AM / 2 years ago

Hitachi Chemical shares slump after reports of falsified tests

TOKYO, Oct 29 (Reuters) - Shares in Hitachi Chemical Co slumped more than 14 percent on Monday following media reports that it had falsified inspections for a material used in semiconductors.

Hitachi Chemical notified its customers of the inspection misconduct for the material used to protect semiconductor chips from scratches and debris, local media reports said at the weekend.

The company said in a statement on Saturday a committee of external experts was investigating the issue. It said it would announce the results as soon as it received a report from the committee.

Reporting by Naomi Tajitsu and Chang-Ran Kim; Editing by Edwina Gibbs

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