Eimi Yamamitsu
Eimi Yamamitsu
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Renesas says normal production at fire-hit chip plant to take 100-120 days

Renesas says normal production at fire-hit chip plant to take 100-120 days

By TOKYO (Reuters) -Japanese chipmaker Renesas Electronics said on Tuesday it would take at least 100 days to get back to normal production at its fire-hit plant, even as the government urged some Taiwanese companies to help with alternative chip production.The company’s chip factory in northeast Japan was hit by fire on March 19 due to a power surge in one of the machines, putting more pressure on the broader chips industry amid a global shortage of semiconductors that is hurting the production of cars, smartphones and home appliances.Renesas, which commands nearly a third of the global...

March 30, 2021
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Honda and Nissan to sell a quarter of a million fewer cars because of chip shortage

Honda and Nissan to sell a quarter of a million fewer cars because of chip shortage

By , TOKYO (Reuters) - Japan’s second and third largest automakers, Honda Motor and Nissan Motor, will sell a combined 250,000 fewer cars in the current financial year as a global shortage in semiconductor chips hits production.The automakers made the announcement as they unveiled brighter outlooks for the financial year ending March 2021 as automobile markets, led by China, rebounded from a coronavirus-induced slump. Honda and Nissan also reported better-than-expected results for the October-December quarter.But Honda cut its sales target by 100,000 vehicles, or 2.2%, on Tuesday to 4.5...

February 9, 2021
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Japan PM says may widen state of emergency beyond Tokyo as virus surges

Japan PM says may widen state of emergency beyond Tokyo as virus surges

By , TOKYO (Reuters) - Japanese Prime Minister Yoshihide Suga said he is considering extending a state of emergency further beyond Tokyo to include Aichi prefecture, home to Toyota Motor Corp, and other central and western areas to curb the spread of COVID-19.“We are gauging the situation right now,” he told the daily Asahi newspaper.A state of emergency gives local authorities the legal basis to place restrictions on residents’ movements and businesses, but under Japanese law the power to declare one rests with the prime minister.Responding to pressure from Tokyo and three neighbouring...

January 12, 2021
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