TOKYO (Reuters) -Renesas Electronics Corp on Tuesday said restoring full production capacity at a fire-damaged chip plant in Japan would take longer than expected, predicting a return to normal by mid-June rather than the previously estimated end of May.
Capacity on the Naka plant’s 300mm chip line in eastern Japan had returned to about 88% of pre-fire levels at the end of May, the company said in a statement. All new equipment would be installed and switched on “by mid-June”, it added.
The fire, caused by an electrical fault, was a blow to carmakers around the world already struggling to find enough automotive semiconductors. Renesas makes nearly a third of the microcontroller chips used in cars around the world.
(Reporting by Chang-Ran Kim and Tim Kelly; Editing by Himani Sarkar and Kenneth Maxwell)