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https://www.wsj.com/articles/renesa...erns-about-global-auto-production-11616414181
"TOKYO—A fire at a factory of one of the world’s leading auto chip makers has added to the troubles of car makers that already have slashed production because of a semiconductor shortage.
The fire Friday left a swath of charred equipment in the factory owned by a subsidiary of Renesas Electronics Corp. RNECY 2.10% in Hitachinaka, northeast of Tokyo. The company said it would take at least a month to restart the damaged operations."
" Renesas’s chief executive, Hidetoshi Shibata, said Sunday the impact on global chip supplies would be significant. Mariko Semetko, a credit analyst at Moody’s Japan, said the fire was likely to damp the recovery of global auto production this year, while auto makers said they were still assessing the impact. "
Expect further delays!
"TOKYO—A fire at a factory of one of the world’s leading auto chip makers has added to the troubles of car makers that already have slashed production because of a semiconductor shortage.
The fire Friday left a swath of charred equipment in the factory owned by a subsidiary of Renesas Electronics Corp. RNECY 2.10% in Hitachinaka, northeast of Tokyo. The company said it would take at least a month to restart the damaged operations."
" Renesas’s chief executive, Hidetoshi Shibata, said Sunday the impact on global chip supplies would be significant. Mariko Semetko, a credit analyst at Moody’s Japan, said the fire was likely to damp the recovery of global auto production this year, while auto makers said they were still assessing the impact. "
Expect further delays!
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