DETROIT (AP) — A fire-damaged Japanese factory that supplies many of the auto industry’s computer chips is producing about 88% of what it was making before the March blaze, its owner says.
Renesas Electronics Corp. says in a statement Tuesday that replacements for fire-damaged equipment arrived on May 27, and should be running in mid-June.
That would allow the company to return to full production.
The March 19 Renesas fire and a worldwide shortage of computer chips have wreaked havoc on auto industry production schedules.
They have forced companies to cut production and allocate scarce chips to higher-margin models.
The production cuts have crimped the supply of new vehicles causing shortages and raising new and used vehicle prices.
