Renesas Says Fire-Hit Chip Plant to Restart By Mid-April
- Production at Naka factory’s N3 line will resume on schedule
- “We are increasingly confident,” CEO says at Tokyo briefing
Photographer: Tomohiro Ohsumi/Bloomberg
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Renesas Electronics Corp. said production at a semiconductor factory hit by a fire is on track to resume by mid-April, welcome news from one of the top providers of automotive chips amid a global shortage.
One of the company’s most advanced lines at its plant in Naka, north of Tokyo, has been halted since a fire broke out late on March 19. Production will resume after about a month, as Renesas had previously projected, Chief Executive Officer Hidetoshi Shibata said at a briefing in Tokyo on Tuesday.