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Renesas fights chip shortage with plans for 50% more microcontrollers

Key auto industry supplier boosts capital spending to $715m this year

Japan's Renesas Electronics is one of the world's top suppliers of automotive chips.

TOKYO -- Japanese chipmaker Renesas Electronics on Wednesday unveiled plans to raise its capacity to supply a key component in cars and electronics more than 50% by 2023, as some industry watchers predict a global chip shortage could last into next year and beyond.

In its updated production strategy starting this year, Renesas plans to boost its capacity for high-end microcontroller units by 50% to the equivalent of 40,000 200mm wafers a month, largely by securing more lines for outsourced production at chip foundries.

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