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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.
Japan's Renesas Electronics Corp said it will raise 218.5 billion yen ($1.99 billion) through a new share issue to help the automotive semiconductors maker fund its planned $6 billion purchase of Dialog Semiconductor.
TOKYO: While Japan’s biggest automakers report what analysts expect to be depressed earnings this week, investors looking for trading cues will be tuned into any assessment of the future impact of a global chip shortage that has forced a shake-up in production.
TOKYO (Reuters) - While Japan's biggest automakers report what analysts expect to be depressed earnings this week, investors looking for trading cues will be tuned into any assessment of the future impact of a global chip shortage that has forced a shake-up in production.
FRANKFURT: Volkswagen expects semiconductor supplies to the car sector to remain tight in coming months, the head of the carmaker’s namesake brand was quoted as saying on Saturday.
SAN FRANCISCO (Reuters) - On the same day that Ford Motor Co said it would be able to produce only half as many cars as planned due to a global chip shortage, Apple Inc announced blowout quarterly earnings as smartphone and computer sales soared, with the chip shortage having only a small impact on its business.
THE chip shortfall is persisting and spreading. Makers of cars, phones and computers still can’t get their hands on the semiconductors they need.
TOKYO (Reuters) -Renesas Electronics Corp, a major supplier of automotive semiconductors, said on Monday it plans to restore lost production capacity at its fire damaged plant by end-May after restarting production on Saturday.
SHANGHAI: Auto industry executives are rattled by a global shortage of semiconductors which is hitting production in China, after hoping the world's biggest car market could spearhead global recovery in the sector.