Japan urges support for fire-hit Renesas as global chip woes deepen

Topics Japan

Japan has called on equipment makers to help one of its biggest chipmakers restore production, the latest government move aimed at easing a semiconductor shortage that has hit production at car companies and is now pressuring makers of electronic devices. A chip plant owned by Renesas Electronics Corp was hit by fire last week and replacing damaged machines could take several months.

The company accounts for 30% of the global market for microcontroller units used in cars. Underscoring the severity of the crisis, Hyundai Motor Co,.

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