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Renesas CEO warns of tight chip supply through mid-2022

Japanese chipmaker reports 115% profit jump in first half

TOKYO -- Japanese chipmaker Renesas Electronics on Thursday reported a 115% jump in operating profit in the January to June fiscal first half, as the company recovers from a debilitating fire at its main plant and capitalizes on strong demand for semiconductors worldwide.

Renesas's six-month operating profit came to 65.6 billion yen ($600 million), as sales increased 22% to 421.5 billion yen.

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