May 18, 2021

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Renesas executive says financial impact of fire limited in mid-term By Reuters

2 min read

© Reuters. FILE PHOTO: Renesas Electronics Corp’s logo is seen on its product at the company’s conference in Tokyo

TOKYO (Reuters) – A Renesas Electronics executive told a shareholders’ meeting on Wednesday that while a recent fire at its chipmaking plant would have an immense impact on its finances in the short term, the medium-term impact will be limited.

The Japanese chipmaker said on Tuesday that it would take at least 100 days to get back to normal production at its fire-hit plant, even as the government urged some Taiwanese companies to help with alternative chip production.

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Reuters

2021-03-31 01:30:56

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