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4/19/2021, 8:18 AM (Source: TeleTrader)
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Renesas sees output at damaged plant restored by May

Japanese semiconductor manufacturer Renesas Electronics Corporation revealed on Monday it expects full production capacity at its fire-hit factory to be restored by May.

The company's President and CEO Hidetoshi Shibata also confirmed that the Ibaraki Prefecture facility restarted operations at 10% capacity on April 17.

On March 19, the plant was damaged by a fire, after which the company said it looked to restore output in three months.

Baha Breaking News (BBN) / MS