The company is turning its back on Elpida after hearing that all its stock will be delisted in just under a month.
In fact, Hitachi seems so keen to offload that it went on a major selling spree, selling all 12.8 million shares yesterday.
The news comes just a few weeks after Elpida Memory filed for bankruptcy after seeing a five quarter on quarter declines.
Late last month it went running for cover to creditors at the Tokyo District Court where it confessed to having debts of $5.5 billion (448 billion yen).
According to Bloomberg the downhill struggle was as a result of an 85 percent fall in the price of dynamic random access memory chips as well as a stronger yen.
However, Hitachi could end up kicking itself. Earlier this month we reported that the company could make a come back in April.