Japanese Semi Plant Fire To Have "Major Impact" On Already-Bottlenecked Auto Industry | WHAT REALLY HAPPENED

Japanese Semi Plant Fire To Have "Major Impact" On Already-Bottlenecked Auto Industry

Semiconductor supply shortages continue to sting the automotive industry globally.

On Monday morning a fire at a semiconductor factory in Japan had the entire industry jumpy and was sparking "further concerns over chip supply shortages for the industry," according to Bloomberg. The fire took place at a clean room at Japanese company Renesas, a major provider of auto chips.

Renesas' CEO, Hidetoshi Shibata, said that "the incident is likely to have a major impact on the car industry".

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