TOKYO -- Japanese chipmaker Renesas Electronics will invest 90 billion yen ($700 million) to increase production of power semiconductors as demand for electric vehicles surges, the company said Tuesday.
Semiconductors
Japan's Renesas pours $700m into doubling power chip production
Shuttered plant to be reopened with upgraded equipment as EV demand grows
Renesas Electronics' investment marks a shift from the "fab-lite" strategy of consolidating domestic bases and minimizing factories. (Image courtesy of Renesas Electronics)
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