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Semiconductors

Renesas, NXP and other chipmakers raise prices on surging auto demand

Rare move comes with industry squeezed by rising costs and limited capacity

Automakers, already cutting back on production due to a lack of chips, will have to pay more for the semiconductors that control voltage and the microcomputers that control the driving of cars. (Source photos by AP and Reuters) 

TOKYO -- Japan's Renesas Electronics, the Netherlands' NXP Semiconductors and other chipmakers are raising prices on semiconductors that go into cars and telecom equipment as they attempt to maneuver out of a squeeze created by soaring demand and limited foundry capacity.

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