Japanese group Hitachi will invest $300 million in Latin America, of which more than $225 million will go directly to Argentina, where its Hitachi Digital unit plans to double its workforce. Bloomberg Línea reported it on November 5, based on an interview with Sebastián Bainer, senior vice president and head of Latin America at Hitachi Digital.
The company plans to bring its Latin American headcount to 4,500 professionals, implying 2,800 new jobs; the story's headline speaks of 3,000 jobs, but the text details 2,800. Argentina accounts for almost 70% of regional staff. This article brings together what was announced, the missing details and where Argentina stands in tech services exports, according to the World Bank.
What Hitachi announced for Argentina
View the data as a table
| Investment in Latin America | US$ 300 M |
| Earmarked for Argentina | US$ 225 M |
| New jobs in the region | 2,800 |
| Regional revenue target | US$ 350 M |
| Item | Figure | Source |
|---|---|---|
| Investment in Latin America | $300 million | Bloomberg Línea |
| Earmarked for Argentina | More than $225 million | Bloomberg Línea |
| Regional headcount target | 4,500 professionals (+2,800) | Bloomberg Línea |
| Argentina's share of regional staff | Almost 70% | Bloomberg Línea |
| Regional revenue | From about $120 million to $350 million in two years | Bloomberg Línea |
| Latin America's weight in the group | About 7%, with a 10% target | Bloomberg Línea |
| Hitachi's global revenue | About $80 billion a year | Bloomberg Línea |
All figures come from Bainer's interview with Bloomberg Línea. At the time of writing we found no press release from Hitachi or announcement from the Argentine government detailing the investment, its timeline or how each tranche will be spent, so the amounts should be read as a company plan rather than an investment already made.
What we still don't know
- The timeline: the company speaks of two years for its revenue goal but did not say when each tranche of the investment will be carried out.
- Where the money goes: it did not say how much goes to offices, hiring, training or infrastructure.
- The cities: the story does not say in which Argentine provinces the new jobs will be created.
What Hitachi Digital is
Hitachi Digital was created by combining GlobalLogic, the software engineering company Hitachi agreed to buy in 2021 for about $9.6 billion, with Hitachi Digital Services. It no longer sells consumer electronics, as the brand was known in Argentina decades ago, but digital services for other companies: product development, engineering and systems operations. Bainer took over GlobalLogic's regional leadership, according to DPL News.
Why Hitachi chooses Argentina
- Geopolitics: Bainer said Argentina's distance from international conflict zones is an advantage for long-term projects.
- Time zones: it shares working hours with the United States, one of the group's main markets.
- Costs: according to the executive, its cost structure is competitive with North America and even more favorable compared with Europe.
- Talent: Argentina is the group's regional operations hub and already has most of its professionals.
Bainer said he presented the plan to Economy Minister Luis Caputo's team at Argentina Week Paris a month earlier, and that the company does not plan to change its plans depending on the outcome of the next elections. On the political calendar, see Argentina's 2027 presidential election.
Argentina in tech services exports
Hitachi's announcement builds on a sector where Argentina already carries weight in the region. According to the World Bank, Argentina exported $2.92 billion in telecommunications, computer and information services in 2025, the second-highest figure in Latin America, behind Brazil ($7.44 billion) and ahead of Mexico ($2.74 billion) and Costa Rica ($2.67 billion).
| Rank | Country | ICT services exports 2025 ($ million) |
|---|---|---|
| 1 | Brazil | 7,441 |
| 2 | Argentina | 2,920 |
| 3 | Mexico | 2,735 |
| 4 | Costa Rica | 2,668 |
| 5 | Colombia | 2,289 |
| 6 | Uruguay | 1,502 |
| 7 | Chile | 764 |
| 8 | Guatemala | 545 |
Source: World Bank, indicator BX.GSR.CCIS.CD, with IMF balance of payments data (October 8, 2026 update). It includes telecommunications, computer and information services; it does not include other knowledge-based services, such as professional or audiovisual services.
View the data as a table
| Brazil | US$ 7,441 M |
| Argentina | US$ 2,920 M |
| Mexico | US$ 2,735 M |
| Costa Rica | US$ 2,668 M |
| Colombia | US$ 2,289 M |
| Uruguay | US$ 1,502 M |
| Chile | US$ 764 M |
| Guatemala | US$ 545 M |
| Paraguay | US$ 524 M |
| Panama | US$ 501 M |
| El Salvador | US$ 455 M |
| Nicaragua | US$ 252 M |
| Peru | US$ 175 M |
| Ecuador | US$ 162 M |
| Dominican Republic | US$ 75 M |
| Venezuela | US$ 42 M |
| Bolivia | US$ 42 M |
| Honduras | US$ 36 M |
In ten years, Argentina's exports of these services went from $1.47 billion (2015) to $2.92 billion (2025). Brazil grew much faster from 2021 and widened the gap; Mexico, Costa Rica and Colombia closed in.
View the data as a table
| Argentina | Brazil | Mexico | Costa Rica | Colombia | |
|---|---|---|---|---|---|
| 2015 | US$ 1.47 | US$ 1.57 | US$ 1.00 | US$ 1.00 | US$ 0.52 |
| 2016 | US$ 1.63 | US$ 1.80 | US$ 0.90 | US$ 1.09 | US$ 0.51 |
| 2017 | US$ 2.23 | US$ 2.19 | US$ 0.92 | US$ 1.16 | US$ 0.54 |
| 2018 | US$ 2.24 | US$ 2.62 | US$ 1.06 | US$ 1.15 | US$ 0.58 |
| 2019 | US$ 2.09 | US$ 2.57 | US$ 1.31 | US$ 1.24 | US$ 0.53 |
| 2020 | US$ 1.99 | US$ 2.55 | US$ 1.29 | US$ 1.36 | US$ 0.53 |
| 2021 | US$ 2.36 | US$ 3.30 | US$ 1.62 | US$ 1.51 | US$ 0.66 |
| 2022 | US$ 2.71 | US$ 4.67 | US$ 1.70 | US$ 1.97 | US$ 1.60 |
| 2023 | US$ 2.62 | US$ 5.78 | US$ 1.19 | US$ 2.17 | US$ 1.77 |
| 2024 | US$ 2.54 | US$ 6.18 | US$ 1.76 | US$ 2.43 | US$ 2.08 |
| 2025 | US$ 2.92 | US$ 7.44 | US$ 2.74 | US$ 2.67 | US$ 2.29 |
Foreign investment in Argentina, in context
According to the World Bank, net foreign direct investment inflows into Argentina totaled $4.4 billion in 2025, compared with $12.4 billion in 2024. Against those amounts, Hitachi's $225 million is a mid-sized investment, but relevant for the skilled jobs it promises. The regional comparison is in the foreign direct investment ranking for Latin America.
| Year | Net FDI inflows into Argentina ($ million) |
|---|---|
| 2019 | 6,649 |
| 2020 | 4,884 |
| 2021 | 6,658 |
| 2022 | 15,206 |
| 2023 | 26,267 |
| 2024 | 12,365 |
| 2025 | 4,362 |
Source: World Bank, indicator BX.KLT.DINV.CD.WD. Annual foreign investment figures are volatile because they include reinvested earnings and loans between companies of the same group.
The sectors Hitachi is betting on in Argentina
| Sector | What Hitachi Digital offers |
|---|---|
| Mining and energy | Digital twins: virtual replicas of a mine or power plant to simulate scenarios and anticipate failures |
| Financial services | Systems modernization, fraud prevention and risk analysis; it says 44 of the world's 55 largest banks are clients |
| Telecommunications | Automated monitoring of network nodes and incidents |
| Payments | Technology from the Claro Pay wallet, developed in Argentina and being adapted for Paraguay |
Source: Bloomberg Línea. More on Argentina's labor market in our story on registered private employment.
Frequently asked questions
How much will Hitachi invest in Argentina?
More than $225 million, as part of a $300 million plan for Latin America, Sebastián Bainer of Hitachi Digital told Bloomberg Línea.
How many jobs will Hitachi create?
The company plans 2,800 new jobs in Latin America, reaching 4,500 professionals; Argentina, with almost 70% of regional staff, will double its headcount. The original story's headline speaks of 3,000.
Is there an official government announcement?
As of November 6 we found no official release from Hitachi or the Argentine government detailing the investment.
What is Hitachi Digital?
The unit that combines GlobalLogic, acquired by Hitachi in 2021, and Hitachi Digital Services. It sells software engineering and systems operation services to companies.
How much does Argentina export in tech services?
$2.92 billion in telecommunications, computer and information services in 2025, the second-highest figure in Latin America, according to the World Bank.
