TOKYO -- With chipmaker Renesas Electronics not expected to achieve a full recovery from its recent factory fire until mid-July, Japan's largest automakers have begun bracing for long-term disruptions and potential production cuts.
Expected monthslong chip crunch sends Japanese automakers and more scrambling
A worker inspects cars at Honda Motor's plant in Yorii, Saitama Prefecture. The Renesas fire is only expected to squeeze the global chip supply further, in a blow to automakers. © Reuters
TOKYO -- With chipmaker Renesas Electronics not expected to achieve a full recovery from its recent factory fire until mid-July, Japan's largest automakers have begun bracing for long-term disruptions and potential production cuts.