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4/6/2021, 8:06 AM (Source: TeleTrader)
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Renesas to move part of production due to fire - report

Renesas Electronics Corp., will shift a part of its semiconductor production from the factory that has been damaged in a fire on March 19 to an alternate plant in Ehime prefecture, the Japan Broadcasting Corporation (NHK) reported on Tuesday.

While the company CEO came out with an estimate that a month would be enough to get the production back on track, some reports hinted that the restoration of the plant could take up to three months.

The global shortage of semiconductors has hit the auto industry over the past months, prompting multiple carmakers to suspend production at certain plants, and forcing countries to take measures to circumvent the problem.

Baha Breaking News (BBN) / BU