Renesas eyes May restoration of output capacity at fire-hit plant

Renesas Electronics Corp. said Monday the Japanese semiconductor maker expects output capacity at a plant damaged by a blaze last month to return to pre-fire levels in May, as some production has resumed amid concern about a further worsening of the global chip shortage.Renesas, the major supplier of semiconductors for auto use, resumed some operations at the plant in Ibaraki Prefecture near Tokyo on Saturday with output capacity at around 10 percent of what it used to be before the March 19 fire. It is aiming to raise that level to 30 percent this week and then 50 percent by the end of Apr…READ FULL ARTICLE