Renesas Electronics Corp. said production at a semiconductor factory hit by a fire is on track to resume by mid-April, welcome news from one of the top providers of automotive chips amid a global shortage.
One of the company’s most advanced lines at its plant in Naka, north of Tokyo, has been halted since a fire broke out late on March 19. Production will resume after about a month, as Renesas had previously projected, Chief Executive Officer Hidetoshi Shibata said at a briefing in Tokyo on Tuesday.
A recovery to full production may take 100 days, he said, though progress in the damaged clean room is ahead of schedule. About three-quarters of the work in progress was undamaged by the fire, he added.
“We are increasingly confident in our chances of achieving the goal,” Shibata said in the online briefing.
Booming demand for laptops,