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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.

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