AUTO INDUSTRY BRACES FOR MORE CHIP SHORTAGES AFTER FIRE
Techlife News|Techlife News #491
A fire at a plant owned by Japanese chipmaker Renesas could deepen the ongoing global semiconductor shortage that has especially hampered automobile production.

The company, which makes chips for Toyota, Nissan and Honda, expects production at one of the buildings at its Naka Factory in Hitachinaka to be halted for a month. Shares in all three automakers fell this week.

Tokyo-based Renesas said the fire started when some equipment overheated and ignited, though it wasn’t known what caused it to overheat. There were no casualties or damage to the building.

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