A hearth at a plant owned by Japanese chipmaker Renesas may deepen the continuing world semiconductor scarcity that has particularly hampered car manufacturing
NEW YORK — A hearth at a plant owned by Japanese chipmaker Renesas may deepen the continuing world semiconductor scarcity that has particularly hampered car manufacturing.
The corporate, which makes chips for Toyota, Nissan and Honda, expects manufacturing at one of many buildings at its Naka Manufacturing facility in Hitachinaka to be halted for a month. Shares in all three automakers fell between 2% and three% on Monday.
Tokyo-based Renesas stated the fireplace began when some gear overheated and ignited, although it wasn’t recognized what brought on it to overheat. There have been no casualties or harm to the constructing.
Renesas stated two-thirds of the merchandise made within the constructing may very well be produced elsewhere, though “as a result of current enhance in demand for semiconductors, the scenario doesn’t enable for all merchandise to be instantly produced alternatively.”
Individually final week, Nissan stated it was quickly shutting down manufacturing at factories in Smyrna, Tennessee; Canton, Mississippi; and in Aguascalientes, Mexico, as a result of chip scarcity.
Volkswagen and Fiat Chrysler (now Stellantis) additionally say they’ve been affected by the scarcity and compelled to delay manufacturing of some fashions with a view to hold different factories working.
The chip scarcity, mixed with a February winter storm, additionally not too long ago pressured Ford to construct F-150 pickup vans with out some computer systems. The corporate stated the pickups could be held at factories for “quite a lot of weeks,” then shipped to sellers as soon as computer systems can be found and high quality checks are finished.
Trade officers say semiconductor corporations diverted manufacturing to client electronics throughout the worst of the COVID-19 slowdown in auto gross sales final spring. World automakers have been pressured to shut vegetation to forestall the unfold of the virus. When automakers recovered, there weren’t sufficient chips as demand for private electronics boomed.
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