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Auto industry braces for more chip shortages after fire

Auto industry braces for more chip shortages after fire

3 years ago
Anonymous $hYN7Hy7o7J

https://apnews.com/0066caa103d6f4daeb13a62b0aeb3b61

NEW YORK (AP) — 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 between 2% and 3% on Monday.

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