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Renesas executive says financial impact of fire limited in mid-term

Published 03/31/2021, 01:27 AM
Updated 03/31/2021, 01:30 AM
© Reuters. FILE PHOTO: Renesas Electronics Corp's logo is seen on its product at the company's conference in Tokyo

TOKYO (Reuters) - A Renesas Electronics executive told a shareholders' meeting on Wednesday that while a recent fire at its chipmaking plant would have an immense impact on its finances in the short term, the medium-term impact will be limited.

© Reuters. FILE PHOTO: Renesas Electronics Corp's logo is seen on its product at the company's conference in Tokyo

The Japanese chipmaker said on Tuesday that 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.

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