Renesas executive says financial impact of fire limited in mid-term
Reuters
Published Mar 31, 2021 01:27AM ET
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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Written By: Reuters
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