Renesas pushes back timeline for plant recovery

Japanese chip maker Renesas Electronics said on Tuesday that it now aims to restore output capacity at its fire-damaged plant by mid-June. That's half a month later than the previous target.

The fire happened in March at the plant north of Tokyo.
It forced Renesas to temporarily halt part of its production. The facility makes semiconductors for automobiles and other uses.

Renesas officials had tried to get output capacity back to pre-fire levels by May 31. But they said they could only get it to 88 percent by then.

They added that it took longer than expected to get the necessary manufacturing equipment.

This comes as a number of automakers have cut back on production because of a global chip shortage.

Renesas says it aims to restore shipment volumes to pre-fire levels by early July.